COPENHAGEN, May 27 /PRNewswire/ -- Vopium A/S has closed a venture capital financing agreement of EUR 4.2
million - approx. DKK 32 million - from the Luxembourg-based investment
company Enex Group SA. Thereby Vopium has secured the necessary capital for
its European expansion. In a short time, Vopium will be ready to deliver
telephony to Europeans wanting to save money on their international calls.
Vopium is a powerful software program for your mobile telephone which
makes it possible to make international calls using your mobile at prices
that are 50-90 per cent lower than the prices of major mobile service
providers. It only takes a few moments to download and install Vopium on your
mobile phone, either over the internet at Vopium.com or by text message.
International calls and texts are then sent via Vopium's gateways and
international telecom companies to receivers abroad. Vopium works on more
than 500 different mobile handsets supporting Symbian, Windows Mobile, Java
and Blackberry.
With Vopium, callers pay Vopium's low international rates plus their
normal mobile service provider's local per-minute rate. Once Vopium is
installed on your mobile phone, you can decide whether you want to use Vopium
or your normal mobile provider for international calls. It is the simplicity
of the concept and the obvious possibilities for international expansion that
have convinced the Enex Group of Vopium's potential.
"Vopium has a unique, well-designed and functional product which holds
considerable international potential. The company has already demonstrated
that it has what it takes to develop an outstanding product that gives the
user easy access to cheap international telephony without having to switch
provider or change SIM card. Vopium aims to be the sole longdistance provider
of its customers. All that's required now is to expand, so many more people
can enjoy the benefits of using Vopium," says Christian Eyde Møller, Chairman
of the Board of Vopium.
Enex Group SA is a private investment company based in Luxembourg. The
remaining capital of the company is owned by Vopium's original founders, the
Company's management and a number of minority shareholders. Vopium intends to
list its shares on a European stock exchange.
"We are delighted with Enex's investment. It enables us to launch Vopium
throughout most of Europe, giving Europeans the possibility of saving as much
as 90 per cent on international mobile calls - and it also enables us to
pursue our vision of making international calls free for all Vopium users.
During the past year we have tested Vopium in the Scandinavian market, and we
are convinced we have a world-class product," says Tanveer Sharif, Vopium's
CEO and co-founder.
Tanveer Sharif started Vopium together with partners in 2006 and the beta
version of Vopium was launched in May 2007 after less than two years of
development work. The development of a world class customer friendly software
solution for all mobile handsets became a reality in record time thanks to
help from skilled engineers and software developers in Pakistan, where Vopium
has a 30-strong development team.
"Six months ago we set out to secure the necessary funding for Vopiums
growth and now we have succeeded. We are now ready to boost marketing
activities in Vopium and quickly launch the company in other European
countries and harvest the "economies of scale" benefits. The company's
expansion is by no means limited to the European market - on the contrary,
there is just as much need for Vopium in Asia and the US," says Christian
Eyde Møller.
Further information about Vopium can be found at
http://www.vopium.com/press where you ca n also find press photos for free
use by the media (please state source).
Further information
Tanveer Sharif, Founder and CEO
Tel. +45-25-90-10-90
E-mail: ts@vopium.com
Christian Eyde Møller, Chairman of the Board
Tel. +45-40-17-02-20
E-mail: cem@vopium.com
Alternatively:
Mark, Lindberg & Partners A/S
Mads Lindberg, Communications Advisor
Tel. +45-30-31-71-41
E-mail: mal@marklindberg.dk
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