SeeThruEquity Issues Update on One Horizon Group (NASDAQ: OHGI) Highlighting Over Ten Million Aishuo App Downloads

NEW YORK, NY / ACCESSWIRE / October 30, 2015 / SeeThruEquity, a leading independent equity research and corporate access firm focused on small-cap and micro-cap public companies, today announced it has issued an update on One Horizon Group, Inc. (NASDAQ: OHGI).

“OHGI continues to impress us with its ability to utilize strategic partnerships to advance the adoption of its VoIP services. In August the company announced an agreement with YTO Express to trial Aishuo for communication among its drivers, dispatch and service professionals in the Jiangsu province. YTO Express is one of the largest logistics businesses in China after China Post, with 8 logistics compounds, operates 72 transfer centers and over 12,500 pick-up points, and has over 180,000 employees servicing more than 2,300 cities in China. We see partnership opportunities like these as holding significant promise for the Aishuo,” stated Ajay Tandon, CEO of SeeThruEquity. “Assuming a reasonable subscriber retention rate and continued robust growth in downloads, OHGI does appear to be on course for reaching its goal of 15mn Aishuo subscribers in its first two years. We hope to hear more soon from OHGI about its ability to convert downloads to revenue generating subscribers, and its plans for overall revenue generation and monetization in its Chinese and its carrier licensing businesses. We are maintaining our 12-month price target of $5.03 per share. In light of what appears to be strong initial adoption of OHGI’s retail mobile VoIP offering in China, we recently increased our price target for OHGI to $5.03 from the prior target of $4.05. OHGI has made substantial progress launching its consumer VoIP solution in China since our initiation of coverage on the company on February 2, 2015. We expect a continuation of strong download growth as the company pursues its goal of 15mn subscribers within the first two years of launch.”

The report is available here: OHGI October 2015 Update Note. SeeThruEquity is an approved equity research contributor on Thomson First Call, Capital IQ, FactSet, and Zack’s. The report will be available on these platforms. The firm also contributes its estimates to Thomson Estimates, the leading estimates platform on Wall Street.

Additional highlights from the update note are as follows:

Aishuo surpasses 10mn downloads in just eight months

OHGI has been focused on the launch and rollout of Aishuo, its retail VoIP service in China. We have been impressed by the rate at which the company has added downloads, and note that on October 29, 2015, the company announced that Aishuo had surpassed 10mn downloads. In our view, 10mn downloads is a significant milestone, providing a wide base of potential subscribers for the company to monetize as it pursues its goal of 15mn subscribers in the first two years of the service. 10mn downloads represents substantial growth from 1.6mn downloads at the end of 1Q15 – and 92.7% growth from the end of 2Q15, when OHGI reported that Aishuo had 5.19mn downloads. Assuming a reasonable subscriber retention rate from, this places the company well on course for surpassing its goal of accumulating 15mn subscribers within two years of launch.

Mobile VoIP still in early stages in large China market

One of the attractive attributes of the Aishuo opportunity for OHGI is that the market for mobile VoIP in China is still in its infancy as early iterations of mobile VoIP applications developed a reputation for poor service quality. This has potentially created an opportunity for OHGI and Aishuo, as the Aishuo Platform utilizes the proprietary, patented technology in OHGI’s Horizon Platform, which excels at reducing the network load and results in fewer lost packets and higher quality. According to the company high network loads were a root cause of the “choppy” voice and poor quality of prior mobile VoIP players’ solutions – Aishuo should therefore be able to stand out as a top flight VoIP consumer solution in the market. Although, revenue generation from mobile VoIP in China has been slow to develop, there are over 600mn smartphones in circulation in China – a figure expected to approach 1.2bn by 2018E, representing a massive opportunity for Aishuo if it can execute.

Please review important disclosures on our website at www.seethruequity.com.

About One Horizon Group, Inc.

One Horizon Group Inc.’s business is to optimize communications over the Internet through its wholly owned subsidiary, Horizon Globex GmbH, which develops and markets one of the world’s most bandwidth-efficient mobile voice over Internet Protocol (VoIP) platforms for smartphones, and also offers a range of other optimized data applications including messaging and mobile advertising. Horizon Globex GmbH is an ISO 9001 and ISO 20000-1 certified company. The Company has operations in Switzerland, the United Kingdom, China, India, Singapore, Hong Kong and Ireland.

For more information on the Company, its products and services, please visit www.onehorizongroup.com.

About SeeThruEquity

SeeThruEquity is an equity research and corporate access firm focused on companies with less than $1 billion in market capitalization. The research is not paid for and is unbiased. The company does not conduct any investment banking or commission based business. SeeThruEquity is approved to contribute its research to Thomson One Analytics (First Call), Capital IQ, FactSet, Zacks, and distribute its research to its database of opt-in investors. The company also contributes its estimates to Thomson Estimates, the leading estimates platform on Wall Street.

For more information visit www.seethruequity.com.

Contact:

Ajay Tandon
SeeThruEquity
info@seethruequity.com

SOURCE: SeeThruEquity

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