New Contract Wins
07/11/2013 07:00
MediaZest Plc
("MediaZest", the "Company" or "Group"; AIM: MDZ)
New contract wins
7 November 2013
MediaZest, the creative digital out-of-home advertising company, is pleased to
announce new contract wins.
The Board has pursued a policy this year of increasing its investment in the
development of new business in the Corporate sector. The Company is therefore
pleased to announce the following progress:
* A major engagement in the design and build of a large video wall project on
behalf of a well-known financial institution located in the City of London;
and
* Delivery of a bespoke hologram display unit for another large and newly
acquired corporate customer in the airport security and threat detection
industry.
The Retail and event marketing business continues to grow as demonstrated by a
number of contract wins.
* Following a successful campaign in February 2012, MediaZest has built a
relationship with Topshop and delivered a large scale projection campaign
for their Autumn Winter 2013 launch. This included a live stream from the
catwalk show to the front of their Oxford Street flagship store. The
Company is currently engaged in providing additional displays for the
Christmas 2013 campaign.
* In November the Company will also design, build and install Christmas
window displays for O2 and Boots in a number of their highest profile
retail outlets.
The combined revenues from all these new contracts will be in excess of
300,000 in the current financial year.
The Board appreciates shareholders are eager to be updated on progress on the
large contract with a large multinational brand announced April 2013. The
project is now live and deployment has successfully commenced in over half a
dozen countries around the world. It is anticipated that this project will be
exhibited in approximately 60 countries during the next nine months. The Group
has been asked to maintain confidentiality over the project at this time but
will further update shareholders when able.
It has already been successful in securing some small additional revenues
related to the project and the Board believes there is potential for further
significant additional work with this client.
The project implementation stage has begun well and the Company has to date
received over 850,000 in payment for services rendered.
Revenue for the current financial year ending 31 March 2014 is already
significantly in excess of last year's turnover. The Company expects to build
on that in the remaining months of the period.
Enquiries:
Geoff Robertson
Chief Executive Officer
MediaZest Plc 020 7724 5680
Gavin Burnell / Edward Hutton
Nominated Adviser
Northland Capital Partners Limited 020 7796 8800
Claire Noyce / William Lynne
Broker
Hybridan LLP 020 7947 4350 / 4361
Notes to Editors:
About MediaZest
MediaZest is a creative media agency that specialises in providing innovative
marketing solutions to leading retailers, brand owners and corporations, but
also works in the public sector in both the NHS and Education markets. The
Group supplies an integrated service from content creation and system design to
installation, technical support and maintenance. MediaZest was admitted to the
London Stock Exchange's AIM market in February 2005. For more information,
please visit www.mediazest.com
END