Advert Post: Tingo Mobile Limited and Pluggdd Mobile OPC PVT Ltd

For Immediate Release;

Representatives of Tingo Mobile PLC and Pluggdd Mobile OPC Private limited disclosed that Tingo Mobile PLC will invest USD 2 Million into Pluggdd India, to create an special purpose vehicle company in India.

Tingo Mobile rose to prominence so quickly by focussing on Nigeria and East Africa, selling cheap smart and feature phones to farmers' cooperatives, market cooperatives, artisans and transport unions across Nigeria. Tingo Mobile sold over eight million phones to these groups in the first quarter of 2015.

Tingo is also taking the mobile chat and mobile payments market by surprise, with emphasis on African and Indian contents.

"We are innovating and uncovering how best a cloud operating system and applications that can become friendlier for markets such as Africa and India. Along with the Operating Systems, we are also working on smart and super phones that alleviate battery and connectivity challenges. We thoroughly understand the technology needs of third world markets and we are addressing them." - Tabrez Alam (Chief Executive Officer, Pluggdd India).

“The merger is expected to be concluded in a couple of weeks as shareholders of both entities have approved. We expect that the parties to this transaction will conclude and consummate this deal"- Chidiebere Ugochukwu-Company Secretary, Tingo Mobile.

Pluggdd India Vision:

Design and develop hardware for smartphone and feature phones, keeping in mind the needs of the Indian Subcontinent and African Continent markets. The company shall design/ ideate and collaborate with OEMs to launch products that can make a mark in the above mentioned markets.

Design and develop applications and software for smartphones and feature phones, that improve the utility of smartphones for end users. Apart from developing indigenous versions of already available applications (such as messengers, wallets, etc); also look at developing new products for Smartphones.

Key Objectives
• Launch Pluggdd/ Tingo branded phones in the Indian Market

• Look at capturing 10% of the Indian Smartphone Market

• Design and Develop convergent systems and applications for mobile phones

Pluggdd India – Current Focus Areas

1) Battery - Longetivity and Speed of Charging: Identification and finalization of technologies to be used for improving the longetivity and charging speed of batteries.

2) Operating System (Cloud Based): To develop and proprietary Operating System that serves the purposed of the devices launched by Tingo and Pluggdd.

3) Applications (Existing/New and Innovation): Ideate and develop more applications and enhancements to existing applications for greater ease of use for the end users.

Watch video below;