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KNeoMedia’s shares rise on continued sales growth in the U.S.

The new orders from special needs schools takes total annual seat licences to circa 12,000.
children learning
The new orders are from special needs schools

KNeoMedia Ltd (ASX:KNM) has sold a further 2000 seat licences to special needs schools, in District 75, New York City.

The company’s shares closed circa 8% higher on Monday, at $0.053.

KNeoMedia is an online education publisher that delivers education assessment products and games-based learning to global educational markets.

With the commencement of the first week of the U.S. scholastic year, sales of new seat licences are now materialising and are expected to build progressively in the coming months.

These new orders from special needs schools takes total annual seat licence sales and commitments to circa 12,000, a 20% increase from sales reported in late July.

Importantly, interest is building for KNeoMedia’s content across the U.S., with inquiries growing from other states and federal bodies with particular interest in the KNeoESP special needs content.

KNeoMedia has appointed experienced education sector executive Damian O’Sullivan to develop its Australian and Asian opportunities.

His immediate focus will be to replicate the company’s activities in the U.S. in Australia and develop opportunities in the Philippines.

The Philippines alone is a large market opportunity with circa two million special needs children.

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