Re Joint Venture (3142A)
January 31 2011 - 1:00AM
UK Regulatory
TIDMRAM
RNS Number : 3142A
RAM Investment Group PLC
31 January 2011
FOR IMMEDIATE RELEASE 31 January 2011
Ram Investment Group plc
("RAM" or the "Company")
Large 3D Screens
Further to the announcement of 16 December 2010, the Board of
RAM is pleased to announce that its wholly owned subsidiary, RAM
Vision Limited ("Ram Vision"), has signed a joint venture agreement
for 3D flat screen hardware viewed without the need of special
glasses with Free Ray UK Limited, a subsidiary of Free Ray FZ LLC
("FREE RAY"), the sole distributer and business partner of
Tridelity Display Solutions Gmbh ("Tridelity").
FREE RAY, based in Dubai, is to invest GBP1.5m into capital
expenditure as part of a joint venture arrangement with RAM Vision.
The arrangement comprises of individual exclusivity terms on each
of RAM Vision's contracted UK shopping malls scheduled for the 3D
roll out. The joint venture is to market under the brand name
RAM3D. The screens use cutting edge technology that allows viewing
with no need for specialist 3D glasses.
Ram Vision is projecting gross sales revenues for the joint
venture from 3D advertising sales to exceed GBP600,000 in the first
year of operations with the expectation that this new prospective
profit centre will not impair the advertising revenues it currently
generates with 2D advertising.
FREE RAY, jointly with Tridelity, has successfully fulfilled
major advertising projects in Dubai, Abu Dhabi, Turkey, Egypt,
Tunis, Kuwait and Lebanon for major international brands.
Executive Chairman of RAM, Tim Baldwin commented:
"We are very pleased about the joint venture. Firstly because it
will give us incremental revenue without the costs of deploying
capital or material additional operating expense. Secondly because
it demonstrates to our property partners that we are at the leading
edge of new technology to enhance the Mall environment and thirdly
because 3D is likely to bring us in touch with a greater range and
depth of premier international brands."
For further information:
RAM Investment Group plc www.raminvestmentgroup.co.uk
-------------------------------------------- -----------------------------
Tim Baldwin, Executive Chairman Tel: 0207 518 4300
-------------------------------------------- -----------------------------
Sandy Jamieson Tel: 0207 569 9650
Libertas Capital Corporate Finance Limited
-------------------------------------------- -----------------------------
Rivington Street Corporate Finance Limited Tel: 0207 562 3389
-------------------------------------------- -----------------------------
This information is provided by RNS
The company news service from the London Stock Exchange
END
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