CORPORATE
Kuala Lumpur, MALAYSIA.
6 July 2015
Dear Editor,
I am very pleased to share some exciting news on behalf of iCar (ASX:ICQ). The Company recently announced to the market that it has raised $11.5 m which has been determined enough capital to see the business through to profitability. The funds will be invested to launch market leading consumer apps in 3 countries and launch new products to accelerate revenue growth, and capitalise on the massive market opportunity that exists for the leading automotive classified sites in Malaysia, Indonesia & Thailand. Thailand being one of the fastest growing car markets globally with a market opportunity of more the US$5b by 2020.
I have attached iCar’s ASX release along with investor presentation below.
Please let me know if you would be interested in speaking further with iCar CEO, Damon Rielly on this opportunity and company developments.
I am very pleased to share some exciting news on behalf of iCar (ASX:ICQ). The Company recently announced to the market that it has raised $11.5 m which has been determined enough capital to see the business through to profitability. The funds will be invested to launch market leading consumer apps in 3 countries and launch new products to accelerate revenue growth, and capitalise on the massive market opportunity that exists for the leading automotive classified sites in Malaysia, Indonesia & Thailand. Thailand being one of the fastest growing car markets globally with a market opportunity of more the US$5b by 2020.
I have attached iCar’s ASX release along with investor presentation below.
Please let me know if you would be interested in speaking further with iCar CEO, Damon Rielly on this opportunity and company developments.
Look forward to speaking to you soon!
Best Regards,
Peggy Lee
Director of Corporate Communications
Catcha Group
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