Iconic Screens supply agreement
December 13 2010 - 1:00AM
RNS Non-Regulatory
TIDMRAM
RAM Investment Group PLC
13 December 2010
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FOR IMMEDIATE RELEASE 13 December 2010
RAM INVESTMENT GROUP'S PLC SUBSIDIARY, RAM VISION LIMITED, SIGNS PARTNERSHIP AND
SUPPLY AGREEMENT FOR SUPERIOR QUALITY SCREEN HARDWARE.
RAM Vision's expanding digital estate in UK shopping malls will be enhanced next
year by the installation of the latest generation of large iconic screens. The
agreement has been signed with MMD-Philips.
MMD-Philips is a wholly owned subsidiary of TPV Technology Limited, the largest
monitor maker in the world. TPV operates an exclusive brand licence with
Philips, the Electronics giant.
The agreement includes an underwritten buyback guarantee for the hardware.
Since the buyback guarantee makes the acquisition of the screens a proposition
for asset finance the company is in advanced talks with prospective lenders.
RAM Vision is currently contracted to, and broadcasting in, 41 UK shopping
malls; it plans to grow its digital estate to 74 malls in 2011.
Tim Baldwin, the Executive Chairman of Ram comments:
'The provision of superior screens from a top quality brand is excellent news
for the company. Moreover the beneficial consequence of the buyback guarantee is
that the digital estate will now expand with recourse to fewer group funds. As
growth proceeds, economies of scale with have a strongly positive effect on
earnings.'
For further information:
+-------------------------------------+------------------------------+
| RAM Investment Group plc | www.raminvestmentgroup.co.uk |
+-------------------------------------+------------------------------+
| Tim Baldwin, Executive Chairman | Tel: 0207 518 4300 |
+-------------------------------------+------------------------------+
| Sandy Jamieson Libertas Capital | Tel: 0207 569 9650 |
| Corporate Finance Limited | |
+-------------------------------------+------------------------------+
This information is provided by RNS
The company news service from the London Stock Exchange
END
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