Executive Summary
RAM Investment Group plc is a holding company focused on Digital Out Of Home (DOOH) investment opportunities through the Company’s wholly owned subsidiaries TrainFX, which specialises in providing communication solutions, predominantly within the railway sector and RAM Vision, a digital out of home media specialist. A third subsidiary, Media Rail, has now been formed to pursue the opportunity to generate advertising revenue while broadcasting passenger information and news reports on screens in passenger carriages.
Company History
The Company was incorporated on 29 October 1993 and obtained a quotation on AIM on 25 October 1996. In October 2008 Tim Baldwin became the Chairman of the Company. At an EGM on 29 December 2008 the shareholders approved the sale of the last of its previous assets, the restructuring of the balance sheet and a change into an investing company under AIM Rules for Companies.
However, RAM is no longer an investing company and its investing policy has ceased. Following a Reverse Takeover and Re-Admission on 17 Sep 10, RAM was transformed into a focussed Digital Out Of Home (DOOH) media company. RAM now operates in two fast developing markets – digital screens in shopping malls from which it generates advertising revenue and communication solutions for the rail industry to which it sells its technology and software.
These businesses are managed through two operating subsidiaries: Ram Vision and Train FX. A third subsidiary, Media Rail, has been established to exploit the synergies between the TrainFX platform and RAM Vision’s broadcasting and advertising sales network.
Current Events
In November 2009, TrainFX signed a contract for the installation of a Passenger Information Service on First Great Western to the value of £1m for the installation of PICS systems on approximately 150 vehicles. In May 2010 it was further announced that TrainFX had signed a contract for the installation of a Passenger Information Service on the Southern operated Class 313 (EMU) fleet, worth approximately £0.4m.
Since this time, further contracts worth £1.1m have been won with Chiltern Railways and LNWR (Arriva Wales) making £2.5m worth of work in hand. RAM announced in Oct 2010 that installation had commenced on the First Great Western contract, representing a milestone success for TrainFX.
Further, RAM has said it is tendering for a substantial amount of further work in advanced passenger information systems, CCTV and train management information solutions. The company…
