Clarification Related to Press Release 2017-08-09 ("Seamless Delivers Contactless Payment Solution to a Hungarian Bank")

Portemonnaie mit Kreditkarten (Symbolbild). pixabay.com

PR Newswire

STOCKHOLM, August 9, 2017

STOCKHOLM, August 9, 2017 /PRNewswire/ --

In relation to the press release that was published at 08:50 CET 2017-08-09, Seamless wants to clarify that the agreement with one of the leading Hungarian banks means that the subsidiary MeaWallet enters into a new geographical market. Furthermore, the agreement provides proof that the mobile payment solutions market is developing in the direction that MeaWallet has positioned itself for.

The total order value in addition to an agreed upfront fee of 1MSEK is currently unknown, but is estimated to be between 3 and 5MSEK.

This information is information that Seamless Distribution AB (publ) is obliged to make public pursuant to the EU Market Abuse Regulation. This information was submitted for publication, through the agency of the contact person set out above, at CET 16:00 on August 9, 2017.

About Seamless

Since 2001 Seamless has been providing its proprietary solutions and systems for mobile phone transactions. Seamless operates in two main business areas; mobile phone payment solutions (provided through the brands SEQR©and MeaWallet™) and distribution of e-products. www.seamless.se

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Invuo Technologies AB

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For further information, please contact:

Lars Sandtorv, Head of MeaWallet, ls@meawallet.com, +47-90955111

Martin N. Larsson, Head of Treasury/IR, martin.larsson@seamless.se, +46-8-564-878-00.

This information was brought to you by Cision http://news.cision.com

http://news.cision.com/seamless-distribution-ab/r/clarification-related-to-press-release-2017-08-09--seamless-delivers-contactless-payment-solution-to,c2323931

The following files are available for download:

http://mb.cision.com/Main/4815/2323931/708075.pdf

Press release (PDF)

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SOURCE Seamless Distribution AB

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