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"2014 was a transformative year for One Horizon," said Brian Collins, founder and CEO of One Horizon. "We have proven and validated our technology by signing up Tier-1 carriers such as SingTel, Smart Communications and Smartfren. Our first milestone was to demonstrate the value proposition the One Horizon platform brings. The next step is testing, due to Tier 1 carriers demanding stringent tests and carrier-grade requirements to gain acceptance before full adoption. We've been pleased to report that we passed their due diligence and have commenced rollouts in multiple capacities. A few of the aforementioned carriers have begun rollouts using our App technology, while another started shipping handsets with our platform pre-downloaded into the operating system as a standard feature."

"A few weeks ago we launched our platform in China, brand named Aishou. We immediately embarked on a rollout entailing multiple leveraging strategies including advertisements, search engine optimization, press releases, event marketing, business-traveler direct marketing, on and off-line promotions as well as the brand new One Horizon Sponsored-Call platform. We are very excited about this rollout since we have direct control of marketing efforts. I'm excited to report that we have seen considerable traction and will be reporting on key stats shortly," continued Mr. Collins.

Full Year 2014 Financial Results

Our revenue for the twelve months ended December 31, 2014 was approximately $5.1 million as compared to approximately $9.1 million in the same period in 2013. The decrease was primarily due to revenue generated in 2013 for the maintenance of a banking software which is now no longer supported by One Horizon, and licenses for a customer booked in January 2013 which were due for renewal in December 2013 and consequently issued and invoiced in December 2013, two of which accounted for approximately $700,000 in revenue for the comparative period in 2013. Going forward, the Company expects the percent of total sales to come from software licenses and revenue share which inherently incorporates higher margins. The Company expects revenue to increase in 2015 as more customers launch their service using the Horizon products and Aishou platform gains further traction.

Gross profit and gross profit margins amounted $2.9 million and 56.0% respectively for the twelve months ended December 31, 2014.

Operating expenses for the twelve months ended December 31, 2014 declined to $5.1 million from $6.9 million during the same period in 2013. In an effort to shift the Company's business model from being purely a B2B business, the Company has allocated its resources to developing the B2C network and system in China where they have a greater influence on customer product development. One Horizon undertook considerable work in 2014 and launched its App on B2C network February 2015.

Net loss and net loss per share attributable to common stockholders for the twelve months ended December 31, 2014 were $1.9 million and $0.06, respectively, compared to a net loss of $0.6 million and a net loss per share of $0.02 during the same period in 2013. The weighted average shares outstanding increased to 33.0 million for the twelve months ended December 31, 2014 from 31.7 million as of December 31, 2013.

Financial Condition

The company had $3.2 million in cash as of December 31, 2014, which includes proceeds from a private placement of $3.5 million that closed in December 2014. The Company has $24.4 million of assets and $17.0 million shareholders' equity as of December 31, 2014. Cash outflows from operations were $1.8 million for the twelve months ended December 31, 2014.

About One Horizon Group, Inc.

One Horizon Group Inc.'s business is to optimize communications over the Internet through its wholly owned subsidiary, Horizon Globex GmbH, Baar, which develops and markets one of the world's most bandwidth-efficient mobile voice over Internet Protocol (VoIP) platforms for smartphones, and also offers a range of other optimized data Applications including messaging and mobile advertising. The company owns and operates the Aishuo mobile VoIP service in China. Horizon Globex GmbH is an ISO 9001 and ISO 20000-1 certified company. The Company has operations in Switzerland, the United Kingdom, China, India, Singapore, Hong Kong and Ireland. For more information on the Company, its products and services, please visit http://www.onehorizongroup.com.

Safe Harbor Statement

This news release may contain "forward-looking" statements. These forward-looking statements are only predictions and are subject to certain risks, uncertainties and assumptions that could cause actual results to differ from those in the forward looking-statements. Potential risks and uncertainties include such factors as uncertainty of consumer demand for the Company's products, as well as additional risks and uncertainties that are identified and described in Company's SEC reports. Actual results may differ materially from the forward-looking statements in this press release. Statements made herein are as of the date of this press release and should not be relied upon as of any subsequent date. The Company does not undertake, and it specifically disclaims, any obligation to update any forward-looking statements to reflect occurrences, developments, events or circumstances after the date of such statement.