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TMCNet:  Operational Status - January 2014

[January 09, 2014]

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 active.

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).

Click here for more information: http://www.newsweb.no/index.jsp?messageId=343488

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