Mobile Fun Explores Possible Sale

Mobile Fun Explores Possible Sale PR Newswire BIRMINGHAM, England, November 19, 2012 BIRMINGHAM, England, November 19, 2012 /PRNewswire/ -- Online retailer seeking new shareholders to boost growth plans Mobile Fun, the leading online retailer for mobile device accessories has appointed corporate finance firm Altium Capital to advise on a possible trade sale. Founded in 2000, the independently-owned and award-winning online retailer is seeking a buyer to support the Company in achieving its international expansion ambitions. st stIn the financial year ending 31 March 2012, Mobile Fun's total revenue exceeded £10 million. For year ending 31 March 2013, the Company is on course to launch 20 new countries and hit sales of £12+ million with a predicted EBITDA of £1.2 million. Managing Director Mohammed Hussain aims to build the business to achieve £25 million annual retail sales by 2017, with accelerated international expansion a central part of his strategy. Mohammed Hussain commented: "We typically receive several approaches a year from both private equity and trade buyers in the UK and from overseas. We feel that the timing is now right to find new shareholders for our growing and profitable online business. Our sophisticated online retail platform, combined with expertise in international e- commerce and mobile device accessories is unrivalled. Our website traffic is a testament to our success - with a record 3.1 million visits in September 2012.