REG - Aeorema Comms Plc - New York Office & Digital Events Platform

Aeorema CommunicationsAnnouncement

14/09/2020 07:00

For best results when printing this announcement, please click on link below:
http://pdf.reuters.com/htmlnews/htmlnews.asp?i=43059c3bf0e37541&u=urn:newsml:reuters.com:20200914:nRSN8194Ya

RNS Number : 8194Y  Aeorema Communications Plc  14 September 2020

The Information communicated within this announcement is deemed to constitute
information as stipulated under the Market Abuse Regulations (EU) No.
596/2014. Upon the publication of this announcement, this inside information
is now considered to be in the public domain.

 

Aeorema Communications plc / Index: AIM / Epic: AEO / Sector: Media

 

 

14 September 2020

 

Aeorema Communications plc ('Aeorema', the 'Company', or the 'Group')

 

Opening of New York Office &

Launch of Digital Events Platform

 

Aeorema Communications plc, the AIM-traded live events agency, is pleased to
announce the commencement of a physical presence in North America with the
opening of an office in New York. The office will represent the second office
for Cheerful TwentyFirst, the Company's events business, and will increase the
work force to 24 strong globally.

 

The opening of an office in New York is a strategic decision by the Board of
Aeorema signifying a dedicated approach to supporting the growing needs and
requests of the Company's clients in the United States, as well as
internationally, as a result of an increase in potential business in the
region.

 

In addition to the expansion into the United States, the Company has completed
the development of its own virtual events platform, which has been branded
KIT. As an increasing focus and demand from clients is on live digital and
hybrid events, it is important for the Company to have its own platform from
which to deliver digital, interactive events for its clients. KIT is a
software platform that hosts streaming, broadcasts and online content
experiences.  The platform provides a wide range of interactive features for
presenters and viewers to connect remotely, such as Q&A, live chat, live
polls, sponsor pages and video features. KIT will be an essential tool as
Aeorema continues to deliver briefs for its existing and new client base.

 

Steve Quah, Chief Executive Officer, commented; "We are excited to be taking a
historical step in Aeorema's development. Our experience to date has shown
that US clients are enthusiastic about British creativity and production and
as such New York is the first phase of our committed approach to supporting
our US-based and global clients. The New York office opens as a direct result
of increasing work in the US, and will allow us to better service those
clients with on-the-ground support and within a complementary time zone.

 

"The event landscape has been transformed in the last six months and the Board
feels it makes strategic and commercial sense to have a localised, in-market
solution for a growing number of US clients.

 

"We also see this as a strategic business move to support our current US
client base ahead of Brexit, allowing our customers to benefit from in-market
billing and direct USD-EURO transactions, a move that secures our position as
a global partner to our customers that operate in multiple markets. The level
of firm interest from companies in the US that we have already seen is
expected to cover the costs of opening the office in the first year of
operation.

 

"Finally, the completion of the development of KIT to coincide with the US
office opening has been a tremendous effort by the team involved and we look
forward to its use on both sides of the Atlantic."

 

 

**ENDS**

 

 For further information visit www.aeorema.com (http://www.aeorema.com/)
 or contact:

 

 Mike Hale                                           Aeorema Communications plc                              Tel: +44 (0) 20 7291 0444
 John Depasquale / Liz Kirchner (Corporate Finance)  Allenby Capital Limited (Nominated Adviser and Broker)  Tel: +44 (0)20 3328 5656

 Kelly Gardiner (Sales)
 Catherine Leftley                                   St Brides Partners Ltd                                  Tel: +44 (0) 20 7236 1177

 

 

This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact
rns@lseg.com (mailto:rns@lseg.com)
 or visit
www.rns.com (http://www.rns.com/)
.

RNS may use your IP address to confirm compliance with the terms and conditions, to analyse how you engage with the information contained in this communication, and to share such analysis on an anonymised basis with others as part of our commercial services. For further information about how RNS and the London Stock Exchange use the personal data you provide us, please see our
Privacy Policy (https://www.lseg.com/privacy-and-cookie-policy)
.   END  MSCGPUAABUPUUBW