GOWEX to become part of the MSCI Spain Index
· As of May 31 st , GOWEX shares will be included in the MSCI Spain Index.
· Following the announcement of encouraging FY 2012 results, GOWEX is currently road showing in the US until May 24 th .
Madrid, May 21 th 2013 -. GOWEX (GOW-MAB, ALGOW-NYSE Alternext, LGWXY –OTC Market) , a leading company in the creation of Wireless Smart Cities ® and Intelligent Wi-Fi Transport, will become part of the MSCI Spain Index .
MSCI Spain Index
The MSCI Spain Index is designed to measure the performance of the large and mid-cap segments of the Spanish market and covers approximately 85% of the equity universe in Spain. After the addition of GOWEX, the index will have 22 constituent companies.
GOWEX market capitalization significantly increased
After three years as a listed company, GOWEX has increased its market capitalisation more than seven times. In 2010 the company went public with a capitalisation of €40 million and has a current market cap of around €350 million.
GOWEX US Road show
Following the announcement of encouraging FY 2012 results on April 25 th , GOWEX is currently road showing in the US until May 24 th . During the visit to New York , GOWEX will attend the Global Technology, Media and Telecommunications Conference , organised by Barclays Capital in New York. The conference will be held from Wednesday 22 nd to Thursday 23 rd at the Crowne Plaza Hotel located in Times Square, which will bring together more than 100 international technology companies.
About GOWEX (GOW-MAB, ALGOW-NYSE Alternext, LGWXY –OTC Market)
GOWEX has operated in the telecommunications sector for 14 years. It is currently leading the creation of "Wi-Fi Smart Cities," which offers free and premium Wi-Fi connectivity on the street and in means of public transportation. The company is now exporting its innovative business models to over 65 cities in the world, thanks to different agreements with Public Administrations, Franchise stores, Associations and Transport companies.
In all its Wi-Fi cities, GOWEX works to create Wireless Smart Cities ® (Wi-Fi Smart Cities) that could offer free wireless Internet to all the citizens and that could improve the services given through wireless connectivity: online meter reading, traffic light control, public transport fleet management, video surveillance and so on.
In 2010, GOWEX became the first and only Spanish SMB to make a "dual listing," publicly traded in MAB (GOW) and NYSE-Alternext (ALGOW). The company's total revenue amounted to €66.7 million in 2011, and for the first half of 2012, it was €41 million (60% over the same period on 2011). On December 2012, GOWEX subscribed a €18 million capital, adding 1,528,404 new common shares to the market.
With offices in Madrid, Paris, Dubai, London, Buenos Aires, Shanghai and Costa Rica, GOWEX develops a sustainable business model in its Wi-Fi networks, based on the efficient and technical quality of their patented platforms: the Roaming Platform, which allows users to connect freely in all the cities, and the Geolocation Content and Advertisement Platform, which provides financing business through marketing and advertisement agreements.
In 2011, GOWEX joined the “Wireless Broadband Alliance” and received a prize for the “Best Web Company” on Internet.
In February 2012, Jenaro García GOWEX CEO received the “Entrepreneur of the Year Award” by Ernst & Young in the category of "Innovation”.
