- MGM Wireless has announced a massive expansion of New Zealand sales for its SPACETALK Children’s Smartwatch Phone today
- Big names like Noel Leeming, Harvey Norman and JB Hi-Fi will be selling the product in 118 new retail stores and online in the New Zealand region
- SPACETALK lets parents communicate with their children through calls and text messages, without giving the user access to the internet
- MGM shares are up 12.5 per cent today, trading for $3.60 each in a $44.05 million market cap
MGM Wireless has announced a massive expansion of its New Zealand sales for the SPACETALK Children’s Smartwatch Phone today.
The wearable mobile phone is being picked up by big names like Noel Leeming, Harvey Norman, and JB Hi-Fi. These companies will be selling the product in 118 new retail stores and online in New Zealand.
Specifically, SPACETALK will be distributed in 77 Noel Leeming stores, 35 Harvey Norman stores, and six JB Hi-Fi stores across the country.
Telecom company Spark New Zealand currently sells the product online and in 71 reatail stores.
MGM CEO Mark Fortunatow says the expansion of SPACETALK’s retail network to 189 stores is a big step toward mass market adoption of the product.
“This development supports the emergence of a new wearable mobile phone product category,” Mark said.
The SPACETALK smart watch is focused on allowing parents to communicate with their children through 3G mobile calls and text messages, without giving the children access to the internet.
“Specially designed Children’s Smartwatch Phone devices are a safe and responsible way for families to stay connected without the dangers of open internet, social media, bullying and the many other distractions associated with Smartphones,” Mark explained.
This means children can have access to all the communication benefits of a mobile phone, but without the risk of accessing web browsers, YouTube, or social media apps like Snapchat and Instagram.
The watch also includes GPS tracking which can alert parents if kids leave a designated safe zone, such as a school or a friend’s house.
Mark said that global spending on the wearable devices market is forecasted to reach US$42 billion in 2019, according to technology research and advisory company Gartner.
“This supports MGM Wireless’ view that children’s wearable mobile phone devices promises to be a high growth sector during the next decade,” Mark added.
MGM shares are up 12.5 per cent today after announcing the SPACETALK expansion, now trading for $3.60 each in a $44.05 million market cap.