Operational Status - January 2014
(Oslo Bors Newsfeed Via Acquire Media NewsEdge)
Entering December, Nio Inc. used four different
payment providers to secure payments. Starting early
December, one additional payment provider became
active on the auction sites. The Company still has
active dialogues with additional banks and acquirers
in order to secure more payment providers over the
next 6 months.
At the end of December the auctions sites had 11.300
customers, a growth of 14 per cent from the end of
November. The total amount is lower than expected due
to some internal technical issues in December.
However, marketing expenses and general operating
expenses have been lower for the last couple of
months, positively contributing to the Company's
operational performance. The technical issues have
been solved and the growth is expected to continue in
2014 accordingly with new payments providers becoming
The Company is overall satisfied with the current
development and the Company is on the right track in
order to achieve earlier growth scenarios.
For more information, please contact: Brian Mertz,
CEO, tel: +45 2390 3300
About Nio Inc.
Nio Inc. has two primary business areas; internet
auctions and online gaming. Nio owns and operates
Internet auction sites which offer a unique and
entertaining way to shop on the Internet, and the
gaming sites Panda365.com, Lunacasino.com and
Lunacasino.dk. Nio Inc. is a US company with its
headquarter in Oslo, Norway and listed on the Oslo
Stock Exchange (ticker: NIO).
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