15 July 2024
This
announcement contains inside information for the purposes of
Article 7 of the Market Abuse Regulation (EU) 596/2014 as it forms
part of
UK domestic law by virtue of the European Union (Withdrawal) Act
2018 ("MAR"), and is disclosed in accordance with the Company's
obligations under Article 17 of MAR.
MediaZest
Plc
(“MediaZest”,
the “Company”, or the “Group”)
Further
£500,000 in new orders secured
Existing clients continue to roll-out digital signage
across multiple sites
Initial project win for digital currency screens “proof
of concept”
MediaZest
plc (AIM: MDZ), the creative audio-visual solutions provider,
announces it has secured an additional £500,000 of new business
over the past two months, with existing key customers continuing to
roll-out digital signage installations across multiple sites in the
UK and Europe, and a new client
initiating a “proof of concept” project to supply digital currency
screens in UK high street locations.
Projects
undertaken for existing clients include a further roll-out of new
digital signage across eight UK Pets
at Home stores, a
further three installations in Lululemon
Athletica stores in
Oslo, Stockholm and Berlin, and additional Kia
dealerships
in Europe.
The new
client project win is an initial three month “proof of concept”
contract to install digital currency screens and content management
software across a number of UK locations. If the project is
successful in demonstrating digital signage as an effective
alternative to the current static displays, there is the
opportunity for MediaZest to expand this engagement.
As a
result of these wins, the Company remains on track to deliver
year-on-year organic revenue growth and continues to target a
return to profitability. The substantial increase in recent project
wins has also significantly improved cash generation in the second
half of MediaZest’s financial year.
Geoff Robertson, Group Chief Executive,
commented: “We
are so pleased to be building momentum with existing clients; their
desire to expand digital signage into new locations is testament to
the success of these current projects.
“We
are also delighted to be working with new clients as they begin
their journey with digital signage. The Group’s vast experience and
ability to fulfil all elements of a project from content creation
plus design and build services, through to installation and then
ongoing support and maintenance across the UK, Europe, and in some instances globally, is
proving attractive.
“The
contracts announced today demonstrate the Group’s ability to
successfully convert its pipeline into revenue-generating deals
with long term substantial growth opportunities. We remain
encouraged by recent progress and our ability to continue to build
value in the business.”
For
further information please contact:
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MediaZest
Plc
|
www.mediazest.com
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Geoff
Robertson, Chief Executive Officer
|
via
Walbrook PR
|
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SP
Angel Corporate Finance LLP (Nomad)
|
Tel:
+44 (0)20 3470 0470
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David
Hignell / Adam Cowl
|
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Hybridan
LLP (Corporate Broker)
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Tel:
+44 (0)20 3764 2341
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Claire
Noyce
|
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Walbrook
PR (Media & Investor Relations)
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Tel:
+44 (0)20 7933 8780 or
mediazest@walbrookpr.com
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Paul
McManus / Charlotte Edgar /
Alice
Woodings
|
Mob: +44
(0)7980 541 893 / +44 (0)7884 664 686 /
+44
(0)7407 804 654
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About
MediaZest (www.mediazest.com)
MediaZest
is a creative audio-visual solutions provider that specialises in
delivering innovative digital signage and audio systems to leading
retailers, brand owners and corporations. The Group offers 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 in February 2005.
