26th Sep 2013 12:12
LONDON (Alliance News) - In a statement ahead of its annual general meeting, ZOO Digital Group PLC said Thursday that it had seen positive trading momentum following its investment and restructuring.
The company said that its cloud-based subtitle production and management system had been endorsed by new customers, and that it had finalised its engagement with a third major film studio. It said that this success gave it cause to believe that this was an area of potential significant growth.
The digital content and video post production services company said that it was pursuing an extension of the term of its convertible loan note of USD2.7 million, and is confident that terms will be amended and agreed before the term matures on October 31.
Shares in ZOO were trading up 13% following the news at 9.50 pence Thursday morning.
By Hana Stewart-Smith; [email protected]; @HanaSSAllNews
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