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New Contract Wins

8th Aug 2014 07:00

MEDIAZEST PLC - New Contract Wins

MEDIAZEST PLC - New Contract Wins

PR Newswire

London, August 7

MediaZest Plc ("MediaZest", the "Company" or "Group"; AIM: MDZ) New contract wins MediaZest, the creative digital out-of-home advertising company, is pleased toannounce several new contract wins which are in line with the Company's policyof improving its recurring revenue base. Current trading in H1 `15 Several new service contracts have been signed including a three year deal withan existing client to rationalise their estate costs which will help to provideadditional surety and visibility of revenue for the Company. In total new service contract revenue confirmed for the next three yearsexceeds £85,000 during the current half year (April to September 2014). Ongoing work in Q2 `15 The Group is providing development and installation services for foursubstantial new projects this current quarter. These projects have combinedinitial revenues of £320,000 and the potential to realise both significantadditional future project work and ongoing revenue streams. Three of themrelate to new concept store developments with potential for roll out at afuture date. The Company was delighted to be invited to work again with Samsung furtherduring July 2014 on their flagship CIO marketing summit, the Futurescape event.This was intended to bring together senior industry decision makers, analystsand opinion formers to discuss the future of technology in the businessenterprise and travel sectors. The event showcased Samsung's latest technologyfor these sectors first hand through a series of specially designed and themedexperience zones. These zones incorporated some third party solutions includingseveral from MediaZest, along with bespoke content also provided by theMediaZest team. Geoff Robertson, MediaZest CEO commented: "These new business wins aresignificant in their value but also in the nature of the work being delivered.By delivering projects with greater potential for recurring revenue streams andlarger scale roll outs of technology, the Board believes it can best delivervalue to shareholders. Pipeline opportunities are strong and the Board expectsto announce more significant new business wins before the end of the halfyear." Enquiries: Geoff RobertsonChief Executive OfficerMediaZest Plc 020 7724 5680 Gavin Burnell / Edward HuttonNominated AdviserNorthland Capital Partners Limited 020 7382 1100 Claire Noyce / Niall PearsonBrokerHybridan LLP 020 3713 4581 / 4583 Notes to Editors: About MediaZest MediaZest is a creative media agency that specialises in providing innovativemarketing solutions to leading retailers, brand owners and corporations, butalso works in the public sector in both the NHS and Education markets. TheGroup supplies an integrated service from content creation and system design toinstallation, technical support and maintenance. MediaZest was admitted to theLondon Stock Exchange's AIM market in February 2005. For more information,please visit www.mediazest.com

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