REG - Visum Technologies - Admission on AQSE and First Day of Dealings

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RNS Number : 7017Q  Visum Technologies PLC  30 June 2022

30 June 2022

VISUM TECHNOLOGIES PLC
("VISUM" or the "Company")

Admission to Trading on AQSE

and

First Day of Dealings

Visum Technologies Plc (AQSE:VIS), a video technology company focused on the
global leisure market,  is pleased to announce that admission of its shares
to trading on the Aquis Exchange Growth Market ("AQSE") will take place and
dealings will commence at 8.00 a.m. today, under the ticker "VIS" and ISIN
number GB00BN0ZLR96.

The Company has been admitted to the Access segment of AQSE and the
commencement of trading of the Company's Ordinary Shares follows a successful
subscription and placing by Visum Technologies Plc for a total of 4,294,196
Ordinary Shares at £0.14 per ordinary share, raising gross proceeds of
£601,187.64 (before expenses).

On Admission, the Company will have 50,721,287 Ordinary Shares in issue and
the market capitalisation of the Company will be approximately £7,100,981.89.

About Visum Technologies Plc

The Company's Business is to own and operate an "on-ride" video and
photographic camera system that it sells and/or licenses to Customers (being
theme parks, ride manufacturers, souvenir imaging providers, and other leisure
operators). The camera system operates in extreme conditions and provides a
fully integrated digital solution for Customers to allow ride visitors to buy
unique video and photographic content created for them when using such rides.
This gives Customers an additional revenue stream for their Business and
improved rider satisfaction as well as visitor-led social media marketing for
the customer. The acquired content is shared digitally with visitors' online
friends and contacts. The Directors believe that the Company's camera system
is the market-leading "on-ride" fully integrated video and photo souvenir
system available to theme parks. Although the Company is newly incorporated
and has no historical financial information available for the geographic
markets it intends to operate in, the Business has been operational since
2011.

Marc Dixon, CEO of Visum, commented:

 

"Over the past decade, our technology has been developed into an exciting
platform that ideally placed to capitalise on the digitalisation of the global
souvenir market. Visum's proven technology can create a solid and stable
revenue opportunity for the parks and deliver a stable and highly scalable
income stream.

 

"We are excited about our potential flotation on the Aquis Exchange Growth
Market, which I believe will provide an ideal platform from which to execute
on our growth ambitions and deliver the next phase of growth for our
business."

The Company's admission document is available to view on its website
www.visumtechnologies.net (http://www.visumtechnologies.net)

This announcement contains information which, prior to its disclosure,
constituted inside information as stipulated under Regulation 11 of the Market
Abuse (Amendment) (EU Exit) Regulations 2019/310 (as amended).

 

The directors of Visum Technologies Plc accept responsibility for this
announcement.

Board members:

 

Andrew Edge, Independent Non-Executive Chairman

 

Andy Edge holds a 1stclass degree from De Montfort University in Business
& Marketing. He started his career at Kraft Foods in 1992. Having spent 11
years in FMCG (mainly PLC) companies, in 2004 he moved into private equity
backed leisure when he was appointed as Sales and Marketing Director of The
Tussauds Group (now Merlin Entertainments). During his appointment, the
business grew in value from £800m when acquired in 2004 by Dubai Investment
Capital to £1billion in March 2007 when it was sold to Blackstone. Andy then
joined the board of Park Resorts as Sales & Marketing Director in
September 2007. The business operated 39 leisure and holiday parks and a
turnover of £170million. Andy left Park Resort and joined Odeon & UCI
Cinemas in April 2012 as Commercial Director running the sales, marketing and
retail across their 125 sites. He was part of the leadership team that went on
to sell the business to AMC Cinemas in 2017. Andy subsequently joined the
board of Away Resorts, a private equity backed business and helped steer it
through to a £100m sale in 2019. He is currently working in a senior
leadership role in Diageo as their Head of Commercial Growth and Digital for
their Irish Brand Homes portfolio. It is this broad leisure sales and
marketing experience that Andy brings to the board of the Company.

 

Marc Dixon, Chief Executive Officer

 

Marc Dixon has 28 years of experience in the travel and leisure market. As
CEO, he is responsible for the day-to-day running of the Company and
delivering on the strategy as set by the Board of Directors. Marc started his
career in 1994 as an Operations Manager before being appointed as Director of
Business Development (Americas) for Eastman Kodak/Kodak Alaris in 1998. Marc
stayed in this role until 2018 when he joined PicSolve Inc as Director of
Business Development before moving into consultancy roles through his own
firm, MAD Consulting LLC. Marc has developed significant leadership expertise
in operations, IT, account management, and business development, and held
executive roles with Kodak and Picsolve giving direct industry experience
relevant to the Company. In addition to his theme park and attractions
experience, he has developed several strategic alliances with channel partners
throughout the Caribbean, South America, and Mexico.

 

He has been instrumental in developing sponsorship programs various of
prominent brands throughout his career and has a track record of delivering
high-volume, multi-million-dollar annual growth. He brings executive-level
expertise in operational performance to the Company and is adept at start-up
infrastructure planning and installation phases. Recognised by Executives and
peers for solid leadership and organisational skills, his industry contacts
and relationships are the core of his value proposition to his partners and
colleagues.

 

Michael Stilwell ACA, Chief Financial Officer

 

Michael is a CFO with over 9-years' experience of executive positions with
publicly traded companies. Michael is a Chartered Accountant (ACA) having
trained with KPMG which he joined in 1997. Michael was previously Group CFO of
AIM-listed FireAngel Safety Technology Group PLC (AIM listed), appointed in
December 2018. Before that he was CFO of Synectics PLC (AIM listed) having
joined the business in October 2012. Before this, he held senior finance roles
with the Saint-Gobain Group, Coventry Building Society, and the Caparo Group.
Michael qualified as a Chartered Accountant with KPMG and has a first-class
degree in Accounting and Financial Analysis from the University of Warwick.

 

Michael will oversee all global finance and reporting responsibilities for
Visum Technologies and will work with the Board on complying with the
Company's regulatory and other requirements as a result of being a listed
company.

 

 

 

 

Senior Management Team:

 

Jens Scheberg, Chief Technical Officer

 

A technology engineer with over 30 years of experience in specialty camera
engineering, design, and production, Jens serves as the technology lead for
Visum Technologies. Founder of Divicom Europe, Scheberg engineered the first
endoscopy camera in the world to record live surgical procedures. He sold and
distributed globally by Olympus Medical and Phillips. Leading hospitals,
universities have used his patented technology and veterinary clinics to
enable neurosurgeons, cardiologists, and specialists to share real-time data
during surgery, changing the medical industry standards globally.

 

In 2004, Jens adapted his one-of-a-kind endoscopic camera to the travel and
leisure market, modifying the small, high-quality camera to the complex
dynamics of amusement rides. His design, engineering, and development include
the world's leading amusement park camera system, Ridercam 4.0, owned and
operated by Visum Technologies. The largest amusement parks have employed
Scheberg's intricate camera recording, technology, and data transmission
solution in the world. Its latest iteration incorporates the first of its kind
AI learning software. As Chief Technical Officer for Visum Technologies,
Scheberg is charged with continuous product design improvement on the world's
most thrilling attractions.

 

Beth Newnam, VP of Business Development and Marketing

 

Beth has over 20 years in the attraction/hospitality industry and has driven
substantial growth for Magic Memories and Sharpshooter Imaging as a Business
Development and Marketing leader with a record of success propelling revenue,
account growth, client retention, product innovation and market
competitiveness. Sought out to revamp business development and marketing
operations to penetrate new markets, capture market share, and accelerate top
and bottom-line revenue growth.

 

As VP of Business Development and Marketing, Beth will oversee all aspects of
business development and marketing, including developing a comprehensive
pipeline and target markets to achieve our growth objectives worldwide.

 

Joseph Rinaudo, Product Development Manager

 

Joe has been working to provide unique products and services for over 20
years. He launched his career with Eastman Kodak Company as a Software
Engineer in the Medical Products Division, where his digital capture and
printing products were awarded a patent for their innovation.

 

He has since held Global Leadership positions in Software Development, Product
Commercialization, Integration, Training, Systems Engineering, and Service at
Kodak and BlueCrest. Joe also worked with Herschend Family Entertainment,
leading Business Process initiatives.

 

Product Innovation/Delivery has been a passion for Joe, and it has ultimately
led him to his role as Product Development Manager at Visum Technologies,
where Joe will oversee all future product development initiatives.

 

 

For further information please contact:

 

 Visum Technologies

 Marc Dixon, Chief Executive Officer         marc.dixon@visumtechnologies.net

 Michael Stilwell, Chief Financial Officer

 First Sentinel Corporate Finance Limited

 (AQSE Corporate Adviser)                    +44 (0) 203 989 2222

 Brian Stockbridge                           Brian@first-sentinel.com

 

END

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