Mandalay Digital Expands Relationship with SingTel

LOS ANGELES, June 2, 2014 /PRNewswire/ -- Mandalay Digital Group, Inc. (Nasdaq: MNDL), a leading provider of mobile technology solutions, announced today that it has expanded its relationship with SingTel to include direct billing connectivity with its DT Pay product. 

"We are excited to further solidify our long-standing relationship with SingTel, Asia's premier communications services provider," said Peter Adderton, Chief Executive Officer of Mandalay Digital. "The relationship will be extended to Digital Turbine's other products including DT Ignite, DT IQ and DT Content Management."

About Mandalay Digital Group
Mandalay Digital Group, Inc., through its wholly owned subsidiary, Digital Turbine, provides mobile solutions for wireless carriers globally to enable them to better monetize mobile content. The company's products include mobile application management through DT Ignite, user experience and discovery through DT IQ, application stores and content through DT Marketplace, and content management and mobile payments through DT Pay.  With global headquarters in Los Angeles, and offices throughout the U.S., Asia Pacific and EMEA, Mandalay Digital's solutions are used by more than 31 million consumers each month across more than 20 global operators. For additional information, visit www.mandalaydigital.com.

About SingTel
SingTel is Asia's leading communications group providing a portfolio of services including voice and data solutions over fixed, wireless and Internet platforms, as well as infocomm technology and pay TV.  The Group has presence in Asia and Africa with 515 million mobile customers in 25 countries, including Bangladesh, India, Indonesia, the Philippines and Thailand.  It also has a vast network of offices throughout Asia Pacific, Europe and the United States.  For additional information, visit info.singtel.com.

Forward-Looking Statements
Statements in this news release concerning future results from operations, financial position, economic conditions, product releases and any other statement that may be construed as a prediction of future performance or events, including statements that the company's relationship with SingTel will be extended to Digital Turbine's other products including DT Ignite, DT IQ and DT Content Management, are forward-looking statements that involve known and unknown risks, uncertainties and other factors that may cause actual results to differ materially from those expressed or implied by such statements.  These factors include the inherent and deal-specific challenges in converting discussions with carriers and other business partners into actual contractual relationships, product acceptance new products such as the DT product suite in a competitive marketplace, the potential for unforeseen or underestimated cash requirements or liabilities, the company's ability as a smaller company to manage international operations, varying and often unpredictable levels of orders, the challenges inherent in technology development necessary to maintain the company's competitive advantage such as adherence to release schedules and the costs and time required for finalization and gaining market acceptance of new products, changes in economic conditions and market demand, rapid and complex changes occurring in the mobile marketplace, pricing and other activities by competitors, and other risks including those described from time to time in Mandalay Digital Group's filings on Forms 10-K and 10-Q with the Securities and Exchange Commission (SEC), press releases and other communications.

For more information contact:
Laurie Berman/Matt Sheldon
PondelWilkinson Inc.
(310) 279-5980
[email protected]

SOURCE Mandalay Digital Group, Inc.

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