Messaging vendor to increase pocket money

Australian mobile messaging product vendor Pocketmail has posted a consolidated loss for its first half-year, but CEO David Marchant says the company remains optimistic.

The Sydney-based vendor, which launched its mobile telephone-email connection device in June last year, this week announced consolidated losses of $432,882.

Marchant attributed the losses to the abnormal administerial expenditure of his company's patron, WA-based mining company Asia Gold, leading up to a shut-down of most of that company's business in the Asia Pacific region. The result did not reflect the success of the company's Pocketmail product, he said.

Marchant said the company's flagship product, which retails for about $250, will appear in stores such as Harvey Norman and Dick Smith in the next two weeks. He expects the product will appear "fully in the reseller channel" by April 1.

Marchant said the company's next financial results would more accurately reflect the success of the Pocketmail device. However, he said it would not be possible to speculate on future company revenues for at least two months.

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