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New Contract Wins

7th Nov 2013 07:00

MEDIAZEST PLC - New Contract Wins

MEDIAZEST PLC - New Contract Wins

PR Newswire

London, November 6

MediaZest Plc ("MediaZest", the "Company" or "Group"; AIM: MDZ) New contract wins 7 November 2013 MediaZest, the creative digital out-of-home advertising company, is pleased toannounce new contract wins. The Board has pursued a policy this year of increasing its investment in thedevelopment of new business in the Corporate sector. The Company is thereforepleased to announce the following progress: * A major engagement in the design and build of a large video wall project on behalf of a well-known financial institution located in the City of London; and * Delivery of a bespoke hologram display unit for another large and newly acquired corporate customer in the airport security and threat detection industry. The Retail and event marketing business continues to grow as demonstrated by anumber of contract wins. * Following a successful campaign in February 2012, MediaZest has built a relationship with Topshop and delivered a large scale projection campaign for their Autumn Winter 2013 launch. This included a live stream from the catwalk show to the front of their Oxford Street flagship store. The Company is currently engaged in providing additional displays for the Christmas 2013 campaign. * In November the Company will also design, build and install Christmas window displays for O2 and Boots in a number of their highest profile retail outlets. The combined revenues from all these new contracts will be in excess of £300,000 in the current financial year. The Board appreciates shareholders are eager to be updated on progress on thelarge contract with a large multinational brand announced April 2013. Theproject is now live and deployment has successfully commenced in over half adozen countries around the world. It is anticipated that this project will beexhibited in approximately 60 countries during the next nine months. The Grouphas been asked to maintain confidentiality over the project at this time butwill further update shareholders when able. It has already been successful in securing some small additional revenuesrelated to the project and the Board believes there is potential for furthersignificant additional work with this client. The project implementation stage has begun well and the Company has to datereceived over £850,000 in payment for services rendered. Revenue for the current financial year ending 31 March 2014 is alreadysignificantly in excess of last year's turnover. The Company expects to buildon that in the remaining months of the period. Enquiries: Geoff Robertson Chief Executive Officer MediaZest Plc 020 7724 5680 Gavin Burnell / Edward Hutton Nominated Adviser Northland Capital Partners Limited 020 7796 8800 Claire Noyce / William Lynne Broker Hybridan LLP 020 7947 4350 / 4361 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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Mediazest
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