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MySQUAR targets more users after hitting one million mark in Myanmar

The chief executive of MySQUAR (LON:MYSQ), Eric Schaer, says the Myanmar-focused social media group is aiming for 2 million users in the country next year.

Today the company, which listed on AIM in July, told investors it had knocked down a key milestone – it now has over 1 million users.

Myanmar, still known as Burma to many here in the UK, emerged four years ago from half a century of military dictatorship to embrace liberal democracy and the free market.

MySQUAR is offering the youth audience there a mini social revolution with mobile apps such as MyChat and MySocial as well as games.

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MySQUAR's AIM debut ensures profitability

MySQUAR (LON:MYSQ) CEO Eric Schaer tells Proactive Investors that he is very pleased with the company’s debut on AIM where shares traded at a premium allowing the company to raise £1.67mln. “This funding will be sufficient for us to reach profitability and cash flow positive.” The...

on 07/01/2015

2 min read