26th Oct 2012 07:00
26 October 2012
MediaZest Plc ("MediaZest", the "Company" or "Group"; AIM: MDZ) POPAI award win and new business update
MediaZest, the creative digital out-of-home advertising company, is pleased to announce it has won its second major industry award at the POPAI awards (Point-of-Purchase Advertising International) this week. The Company's trading subsidiary, TouchVision Limited, took a silver prize for instore work with HMV on their revamped headphone tables, which launched with great success in late 2011.
In addition, the Board is pleased to announce significant new business wins since the last trading update in mid June 2012. Subsequent to that update the Company has confirmed new business project orders totalling over £800,000 with delivery completed in the intervening period or expected to be finished within the next nine months. This includes work from existing and new clients across the retail, education, and hospitality sectors. Ongoing contractual recurring revenues for this period based on current contracts in addition to these new business projects is expected to be in the region of £300,000-£400,000.
There are several other key opportunities that the Company hope to crystallise that will add to this total in the coming months and a strong pipeline of new business opportunities that will also contribute and assist in driving the business forward.
The Board are particularly pleased to note confirmed projects include some work in the United States as the Group looks to exploit its unique positioning in territories outside of Europe in the current economic climate. As the Group strives to add recurring revenues, increased interest in the services it provides is leading to more opportunities to move the business model towards more predictable revenues, based on repeat consulting fees as opposed to project work. This will in turn allow the Group to move to more consistent revenues and profitability.
Enquiries:Geoff RobertsonChief Executive OfficerMediaZest Plc 020 7724 5680Gavin Burnell / Edward HuttonNominated Adviser
Northland Capital Partners Limited 020 7796 8800
Claire Noyce / Deepak ReddyBrokerHybridan LLP 020 7947 4350Notes to Editors:About MediaZest
MediaZest is a creative media agency that specialises in providing innovative out-of-home marketing solutions to leading retailers, brand owners and corporations, but also works in the public sector in both the NHS and Education markets. The Group supplies an integrated service from content creation and system design to installation, technical support and maintenance. MediaZest was admitted to the London Stock Exchange's AIM market in February 2005. For more information, please visit www.mediazest.com
Seems a little hostage to fortune, would suggest perhaps the following: There are several other key opportunities which we hope to be able to crystallise in the coming months.
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