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Vodafone Australia to resell smartwatches for kids

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ASX-listed software technology communications vendor MGM Wireless has tapped Vodafone Australia to resell its Spacetalk mobile phone smartwatch for children.

Spacetalk is a full mobile phone in the form of a smartwatch featuring child safety features like call screening, a customisable “school mode” to reduce distractions and real-time GPS tracking through MGM’s AllMyTribe app.

Vodafone will sell Spacetalk in its retail stores by August this year, bundled with a Vodafone mobile plan.

MGM Wireless chief executive Mark Fortunatow said, “We are delighted to have signed this agreement with Vodafone. For the first time, Australian parents will be able to purchase Spacetalk with a mobile plan for one affordable monthly fee. It’s a simple, one-stop solution to keep kids safe and families connected.”

Spacetalk was launched on a single online portal in 2017, later expanding into retail chains across Australia, UK and New Zealand, including JB Hi-Fi, The Good Guys, Officeworks, Kogan, Harvey Norman, as well as telcos Spark in NZ and Sky Mobile in the UK.

Vodafone head of devices Ian Wallis said the Spacetalk Watch “is a natural fit” for Australian families.

“We are proud to be the first Australian telco to partner with MGM Wireless to bring this innovative device to the market,” he said.

Fortunatow added that the deal recognises “the rapid emergence” of a responsible and practical solution for parents to stay connected with their children.

“Spacetalk delivers the security of instant connectivity without the risk of their youngsters being bullied or accessing inappropriate internet sites, social media or YouTube,” he said. “It is an age-responsible device that also keeps the whole family connected.”

Originally posted: https://www.crn.com.au/news/vodafone-australia-to-resell-smartwatches-for-kids-549882

The new Spacetalk Life wearable smartphone is designed just for seniors

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First there was a wearable smartphone for kids but now Spacetalk has launched a model for seniors with the Spacetalk Life  – a wearable 4G smartphone watch and GPS device.

The device, created by Australian company MGM Wireless, is designed to keep seniors connected to their loved ones but with the addition of features like an SOS alert button, GPS, Safety Callback, Location by Request, voice calls, SMS, step counter and Bluetooth pairing to assistive hearing devices.

The Spacetalk Life can also provide medical reminders and has an IP67 rating which means it is water and dust resistant.

The product has been designed to reduce pressure on aged care services while still providing seniors with sense of safety and independence and so that loved ones can keep track of them and stay in touch.

The Australian government send 19.9 billion dollars in 2018/2019 providing aged care to more than 1.3 million people.

Spacetalk Life is a 4G device that takes a nano SIM card for calls, texts and data.

Users are also requires to create an AllMyTribe subscription starting at $9.99 a month.

AllMyTribe allows users to establish safe zones, view location history and manage contacts.

The SOS alert button can be programmed to dial trusted contact as well as emergency services.

And if the user is unable to answer the Safety Callback feature swings into action to initiate the return call automatically.

Location by Request provides the users location while maintaining their privacy.

“The launch of Spacetalk Life is a significant company advancement and opportunity for MGM and the Company’s shareholders,” MGM Wireless CEO Mark Fortunatow said.

“It provides access to a large, new and rapidly growing market which is also complementary to our phenomenally successful Spacetalk children’s smartwatch business.”

The Spacetalk Life is available for the special pre-order price of $499. It is usually priced at $549.

Originally posted: https://www.techguide.com.au/news/gadgets-news/new-spacetalk-life-wearable-smartphone-designed-just-seniors/

Launch of Spacetalk Life Seniors Wearable Smartphone

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Leading Australian software technology company MGM Wireless Limited (ASX:MWR) (“MGM” or “the Company”) is pleased to announce the launch of SPACETALK Life, a wearable smartphone, watch and GPS device for the seniors market. The device features an SOS alert button, GPS, Safety Callback, Location by Request, voice calls, SMS, Step Counter, Weather, Bluetooth pairing to assistive hearing devices, ear buds and car audio, Medical Reminders, IP67 waterproofing and advanced battery performance.

Highlights:

  • MGM Wireless today announces the launch of SPACETALK Life, a stylish 4G wearable smartphone, watch and GPS device for the seniors market.
  • The device features an SOS button, GPS, voice calls, SMS, Step Counter, Bluetooth pairing to hearing assistive devices and car audio, Medication Reminders and IP67 waterproofing.
  • In a world first, the watch incorporates two innovationsthat work in tandem: Safety Callback to initiate calls when a senior is unable to answer; and Location by Request which provides the user’s location while protecting their privacy.
  • SPACETALK Life is controlled by an enhanced version of the Company’s AllMyTribe App ecosystem, which is currently generating over $1.5 million annualised recurring monthly revenue.
  • The device provides seniors with safety and independence, enabling families to directly care for their loved ones with peace of mind, while reducing pressure on aged care services.
  • The Australian government spent $19.9 billion in 2018-19 providing aged care to over 1.3 million people, the great majority of whom received home-based care and support 1 .
  • The rapidly aging global population 60 years and older is forecast to increase from 900 million in 2015 to 1.14 billion people in 2030, providing a large global opportunity for the Company.
  • SPACETALK Life will sell for $549 plus a $9.99 AllMyTribe App monthly subscription fee, and is now available for pre-order at spacetalkwatch.com for shipping in late July.
  • SPACETALK Life builds on MGM’s phenomenal success with the SPACETALK smartphone, watch and GPS device for children aged 5-12, which was launched in October 2017.

MGM Wireless CEO Mark Fortunatow commented: “The launch of SPACETALK Life is a significant Company advancement and opportunity for MGM and the Company’s shareholders. It provides access to a large, new and rapidly growing market which is also complementary to our phenomenally successful SPACETALK children’s smartwatch business.”

Original posted: https://www.medianet.com.au/releases/188608/

MGM Wireless (ASX:MWR) to sell SPACETALK in Vodafone stores

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MGM Wireless (MWR) has entered a sales agreement with leading mobile network operator, Vodafone Australia to sell the SPACETALK smartwatch in Vodafone’s stores.

SPACETALK is a mobile phone built into a smartwatch and is designed for primary school aged children.
It’s described as a safe-to-use device that allows two-way phone calls and messaging for children and their parents and guardians. It doesn’t, however, give children access to social media, apps or internet browsers.

“For the first time, Australian parents will be able to purchase SPACETALK with a mobile plan for one affordable monthly fee. It’s a simple, one-stop solution to keep kids safe and families connected,” MGM Wireless CEO Mark Fortunatow said.

Since it was launched in 2017, SPACETALK has proven successful. Major chains such as JB Hi-Fi, The Good Guys, Officeworks, Kogan, Harvey Norman, and more, have boosted online sales significantly.

Not only have retail chains sold SPACETALK, but mobile network operators such as Sky Mobile and Spark New Zealand, have sold the device on monthly plans.

“This landmark agreement recognises the rapid emergence of a responsible and practical solution for parents to stay connected with their children,” Vodafone Head of Devices Ian Walls said.

Significantly, Vodafone will be the first Aussie telco to sell SPACETALK through its retail stores. Vodafone will offer SPACETALK with its Red Wearable plan for one affordable monthly plan fee.

Customers will also need to download MGM’s AllMyTribe app which can be found on the Apple App Store or Google Play. They’ll pay a monthly subscription fee of $5.99.

All device testing and certification with Vodafone has been completed to ensure SPACETALK has no technological issues.

SPACETALK is expected to be launched across Vodafone stores in early August.
Company shares have soared 20.8 per cent after today’s news and are trading for 14.5 cents each at 10:27 am AEST.

Originally posted: https://themarketherald.com.au/mgm-wireless-asxmwr-to-sell-spacetalk-in-vodafone-stores-2020-06-30/

MGM Wireless (ASX:MWR) taps investors for $1.5M, gears up to launch senior smartwatch

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Education tech specialist MGM Wireless (MWR) has launched a $1.5 million share purchase plan to grow its SPACETALK business.

Under the capital raising plan, eligible shareholders will be able to apply for up to $30,000 worth of MGM shares at 10.75 cents each — representing a 23.2 per cent discount to the company’s last closing price and a 10 per cent discount to MGM’s five-day volume-weighted average price.

MGM said its SPACETALK children’s mobile phone watch has seen “phenomenal” success since it was launched in 2017.

The product is a two-in-one watch and smartphone that allows parents to stay connected to their children at all times but without the risks associated with a conventional smartphone.

While the watch allows a child to make and receive calls and text messages just as an ordinary phone would, SPACETALK has no social media, no apps, no camera, and contacts can be monitored by parents.

Moreover, it comes equipped with GPS tracking so a parent can always know where their child is. MGM says SPACETALK is the ideal first phone for kids between five and 12 years of age.

Along with online sales, the product is now sold in retailers such as JB Hi-Fi, The Good Guys, and Officeworks. According to MGM, SPACETALK revenue increased by 87 per cent over the first half of the 2020 financial year compared to the previous corresponding period.

Today’s capital raise will help expand the SPACETALK product more, with a new version of the device being created specifically for seniors. The new product, combined with a new model of the current children’s product, has the potential to double MGM’s overall revenue, according to the company.

MGM CEO Mark Fortunatow said today’s share purchase plan is an “attractive” opportunity for existing shareholders to top up as the company enters into its next stage of scale-up and growth.

“With strong distribution of SPACETALK across Australia, New Zealand and the UK and the impending release of a new seniors watch, the capital raised will be used to further grow the SPACETALK business, as we near finalization of additional distribution opportunities with major telcos,” Mark said.

“I strongly encourage shareholders to participate.”

MGM Wireless shares have been in a trading halt since May 22 as the company works out a new customer agreement and navigates COVID-19-related issues. The company said on June 1 it expects to lift the trading halt by this week, but with three hours left of the trading day, shares are still locked up tight.

Shares in MGM last traded for 14 cents each.

Originally posted: https://themarketherald.com.au/mgm-wireless-asxmwr-taps-investors-for-1-5m-gears-up-to-launch-senior-smartwatch-2020-06-05/

MGM completes oversubscribed $5.5 million share placement

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MGM Wireless, the makers of the SPACETALK all-in-one children’s smartphone, watch and GPS device, have raised $5.5 million in an oversubscribed share placement with Australian investors.

Funds from the placement are earmarked to support MGM’s future growth initiatives including purchase of stock and working capital required to ramp up sales of SPACETALK and the accompanying AllMyTribe app.

The share offer was cornerstoned by a number of institutional and sophisticated investors including Thorney Investment Group, Perennial Value, Eight Investment Partners and James Spenceley.

The Australian-listed MGM Wireless (ASX:MWR) will issue approximately 1.62 million new fully paid ordinary shares at $3.40, a 9.7% discount to the 10-day volume weighted average price and a 9.8% discount to MGM Wireless’ last traded share price.

Canaccord Genuity (Australia) was sole bookrunner and joint lead manager of the placement with Gleneagle Securities.MGM expects settlement of the placement to take place on 26 September and new shares allotted on 27 September.

New shares under the placement will rank equally with existing ordinary shares, with 369,397 new shares to be issued within the company’s current placement capacity under listing rule 7.1 and 1,248,250 new shares under listing rule 7.1A.

In August, MGM announced it had secured a “watershed agreement” with UK-based Sky, Europe’s leading media, entertainment and telecommunications company, which has commenced selling SPACETALK through Sky Mobile on a £10 per month plan.

MGM sold 18,270 SPACETALK units in FY19, up 1,023% compared with 1,785 units in its first nine months of availability, and the company anticipates sales of approximately 90,000 SPACETALK watches in FY20 as Sky accelerates its roll out and further agreements with distributors in Europe and Australia are finalised.

Once settlement of the placement is completed, the company will have approximately 14,132,147 shares on issue and MGM’ board has resolved that at the upcoming annual general meeting, it will ask shareholders to approve a share split which it believes will increase the general trading liquidity of the stock.

While the ratio of the split is still to be finalised, it is expected to be 10 new shares for every current share.

MGM Wireless CEO Mark Fortunatow said: “The success of the placement demonstrates strong support for the company from institutional and sophisticated investors who recognise the significant market opportunity for SPACETALK and its clear competitive advantage in the children’s wearables market,” said MGM Wireless CEO Mark Fortunatow.

“We are delighted to welcome new shareholders and thank existing shareholders who participated in the placement.”

Originally posted: https://www.itwire.com/listed-tech/mgm-completes-oversubscribed-$5-5-million-share-placement.html