MWR 4.40% 9.5¢ mgm wireless limited

Thanks for posting. I know we had a significant number of...

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    Thanks for posting. I know we had a significant number of Leading Edge stores signed up but I didn't know (or I forgot) that there were 120 LE stores actually selling the watches. I'd love to know the break up of sales - I had assumed almost all our B&M store sales in Australia were JB but perhaps Leading Edge sales are more significant than I was assuming. That might explain why sales seem to hold up better than expected during periods when JB stores appear to be low on stock. I'm hoping that is also due to increasing internet sales but the more diversity we build up, the better. NZ helps but UK will be far more effective (given the population difference) in giving us diversification of resellers and that will continue to reduce risk and volatility of sales each month.

    "we have been impressed by the enthusiasm and support expressed by UK retailers and distributors."
    "Mr Fortunatow says MGM Wireless will make further announcements about UK retail partners over coming months"
    That "coming months" should be anytime now as the article was published in January. It was also published before the World Mobile Congress in Barcelona which Mark has said attracted a lot of interest so it will be interesting to see just how many retailers or mobile companies are interested in trying the watch out.
 
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