3 March 2017
MediaZest Plc
("MediaZest"or the
"Company”; AIM: MDZ)
New Business
Update
MediaZest, the creative digital audio visual company, is pleased
to update shareholders on recent business wins.
Since the start of 2017, the Group has already confirmed
business wins in the retail sector alone that relate to projects
that will generate approximately £500,000 of new revenue. These
projects include the ongoing roll out of business from existing
clients and a substantial new project for a UK high street bank.
All are due for completion by 30 June
2017.
These new business wins include a large proportion of UK based
work but also installations as far afield as the United States and Australia.
In addition, the Group continues to grow its recurring revenue
base, which has underpinned recent improved results. At present,
run rate recurring revenues total approximately £400,000 per annum
and management expect these to grow by at least 15% during the next
quarter.
Geoff Robertson, CEO, commented:
“More and more companies within the retail sector are looking to
change the way they do business in the multichannel world in which
we now live and shop, and our expertise in enabling them to do that
is proving a strong draw for clients.
The work we have done to develop business partnerships
outside of the UK is enabling us to undertake projects on a
worldwide basis. This represents a significant ongoing opportunity
for the Company, as clients increasingly look to establish a
durable relationship with one supplier who can deliver solutions to
all their retail stores to the very highest standards.
The improvement in recurring revenues and hence quality of
revenue for the business has been instrumental in moving the
business forward financially. Further progress in this area
continues to be a major strategic focus.”
This announcement contains inside information for the purposes
of Article 7 of Regulation (EU) 596/2014.
Enquiries:
Geoff Robertson
Chief Executive Officer
MediaZest Plc |
0845 207 9378 |
|
|
Edward Hutton / David
Hignell
Nominated Adviser
Northland Capital Partners Limited
|
020 3861 6625 |
|
|
Claire Noyce / William
Lynne / Niall Pearson
Broker
Hybridan LLP |
020 3764 2341/ 2342/
2343 |
Notes to Editors:
About MediaZest
MediaZest is a creative media agency and audio visual systems
integrator that specialises in providing innovative 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