Video | Agriculture | Confidence | Economy | Energy | Employment | Finance | Media | Property | RBNZ | Science | SOEs | Tax | Technology | Telecoms | Tourism | Transport | Search

 

VMob adds Japan to line-up of McDonald's clients

VMob adds Japan to line-up of McDonald's clients for voucher system

By Jonathan Underhill

Aug. 11 (BusinessDesk) - VMob Group said McDonald's will use its mobile voucher platform for its 3,200 restaurants in Japan, adding to sales to the fast-food giant in the Netherlands and Sweden.

Shares of the NZAX-listed company jumped 25 percent to 1.5 cents, valuing the company at $18.9 million, having shed about 53 percent this year.

Auckland-based VMob completed a backdoor listing on to the stock exchange's small-cap NZAX in 2012 using the shell company Velo Capital. Since then it has regularly raised capital by issuing shares, and currently has about 1.26 billion on issue. The company is about one-third owned by the family of chief executive Scott Bradley.

VMob, formerly VoucherMob, was set up in 2010 by Bradley. Other customers include Esso Norway, Spark, Vodafone and 2Degrees, and it has a partnership with Loyalty New Zealand for its Fly Buys mobile programme.

(BusinessDesk)

© Scoop Media

 
 
 
 
 
Business Headlines | Sci-Tech Headlines

 

Myrtle Rust: Infections Found At 26 Sites

The affected properties include private gardens, plant nurseries and retailers and an orchard. The stats stand at: 21 properties in Taranaki, 3 in Northland and 2 in Waikato. More>>

Burgers To America: BurgerFuel Opens In The USA

BurgerFuel Worldwide are excited to announce the opening of their first USA based restaurant in Indianapolis, hot off the back of the Indy 500. More>>

English On Budget: Businesses Over-Egg Corporate Tax Cuts

Cutting New Zealand's 28 percent corporate tax rate is "not a panacea in the way business groups sometimes market it," says Prime Minister Bill English. More>>

ALSO:

Auckland Port To Recapture Gas: Union Calls On Ports To Stop Spewing Methyl Bromide

The Maritime Union of New Zealand welcomes the decision by Ports of Auckland to stop releasing methyl bromide emissions into the air. The move to fully recapture the toxic gas after fumigation sets a new benchmark for industry best practice. More>>

ALSO:

Retail: Banks Shoes Calls In Receiver

Banks Group, which runs 14 stores across the country under the brands including Banks Shoes and Shoe Connection, has been tipped into receivership at the request of director John Bank. More>>

ALSO: