DeFi Global, Inc announced today that it has begun generating revenues from the licensing of its smart phone mobile software and navigational application that was launched earlier this year on board the world’s largest cruise ship. DeFi Global reported revenues increased by 217% for the six months ended June 30, 2010 compared to the same period of 2009, marking the Company’s transition from development to commercialization phase.
Revenues in 2009 were from custom mobile software development and the beta testing of the Company’s mobile communications platform and services. Additional revenues in 2010 were from the licensing its mobile software solution on Apple iPhones as part of a three-year development and licensing agreement with its business customer. “Our revolutionary technology aims to achieve a higher level of customer intimacy and guest satisfaction, and create a platform for new sources of revenues for our enterprise customers,” said Jeff Rice, CEO of DeFi Global, Inc. “Our results in the first six months of 2010 represent only partial sales from our long-term licensing agreement. We expect to continue to ramp up revenues throughout 2011.”
Using DeFi Global mobile software solutions, venue owners and operators have the ability to customize and brand Internet access devices, including smart phones, laptops, set-top-boxes, IPTV and many emerging protocols and devices to provide location-based navigation, tracking of people and devices, chat, voice calling, real-time information, concierge services, marketing tools and other services that improve and enhance the overall customer experience, and potentially generate new sources of revenue. DeFi Global’s patent pending technology supports multiple mobile platforms providing services to many verticals including gaming, location based navigation, location based services, advertising and transactions for venue operators, the hospitality industry, Carriers, OEMs and Enterprise businesses.