From Moco News Qpass customers pass $30m in monthly revenue. .
SEATTLE, Jan. 12, 2005 (PRIMEZONE) -- Qpass(r), the proven and preferred provider of mobile commerce software, announced today the achievement of another major industry and company milestone. During the last month, Qpass customers collectively achieved more than $30 million of premium services revenue through Qpass' Prosperity Series(tm) software. These customers have processed more than 100 million transactions to date using Qpass software.
"We continue to see strong demand from our customers for these types of premium services," said Chase Franklin, Qpass CEO. "This milestone of more than $30 million per month represents significant momentum in our business. The premium services revenue our customers are achieving through Qpass software has grown more than 60 percent in the last 90 days and is solid evidence of accelerating expansion in mobile commerce."
Qpass gives operators control over their mobile commerce business and enables them to offer any type of premium service across any type of network using multiple payment methods. Mobile operators using Qpass' software are on track to exceed $1 billion in aggregate revenue from premium services in 2005, with an average growth rate of 60 percent compound quarterly growth rate over the last year.