REG-MediaZest Plc: Supply of digital currency boards for First Rate Exchange in post offices

MediazestAnnouncement

18/11/2024 07:15

18 November 2024

 

This announcement contains inside information for the purposes of Article 7 of
the Market Abuse Regulation (EU) 596/2014 as it forms part of UK domestic law
by virtue of the European Union (Withdrawal) Act 2018 ("MAR"), and is
disclosed in accordance with the Company's obligations under Article 17 of
MAR.

 

MediaZest Plc

(“MediaZest”, the “Company”, or the “Group”)

 

Supply of digital currency boards for First Rate Exchange in post offices

 

50 installations now complete as part of “proof of concept” project

 

MediaZest plc (AIM: MDZ), the creative audio-visual solutions provider,
announces that it has completed installation for an initial “proof of
concept” project to supply digital currency boards in 50 UK Post Office
branches.

 

In July 2024, the Company announced an engagement with a new client to
initiate a “proof of concept” project to supply digital currency screens,
although at the time the customer and the specifics of the project were not
disclosed. The Company can now confirm that it has signed a service agreement
contract with First Rate Exchange Services Limited (“First Rate”) for this
project, and that digital signage boards have now been installed in all 50
Post Office locations over the last three months.

 

The digital signage boards will offer Post Office customers daily live
exchange rates, supporting marketing materials and offers relating to Post
Office’s foreign currency exchange services.

 

If the project is successful in demonstrating digital currency boards as an
effective alternative to the current static displays, the Directors expect
there to be an opportunity for MediaZest to expand this engagement. First Rate
currently provides rate boards to approximately 1,500 Post Office branches and
supply currency exchange services to a range of clients including John Lewis,
Hays Travel, and TUI. For further information visit:
 https://www.firstrate.co.uk/clients/

 

Geoff Robertson, MediaZest Plc Chief Executive, commented: “This is another
great opportunity for us to showcase the value of digital signage within a
broad range of retail and consumer markets. First Rate is an excellent partner
to work with and we are confident that the shift to new digital currency
screens will further improve the way that foreign currency services are
provided to First Rates’s clients and ultimately to their customers.

 

“The implementation of this ‘proof of concept’ project has gone very
well over the last few months. We will evaluate the results along with First
Rate, and look forward to discussing the potential for a wider roll out if
these results are as positive as we expect.”

 

For further information please contact:    

 

 MediaZest Plc                                                          www.mediazest.com                                                    
 Geoff Robertson, Chief Executive Officer                               via Walbrook PR                                                      
                                                                                                                                             
 SP Angel Corporate Finance LLP (Nomad)                                 Tel: +44 (0)20 3470 0470                                             
 David Hignell / Adam Cowl                                                                                                                   
                                                                                                                                             
 Hybridan LLP (Corporate Broker)                                        Tel: +44 (0)20 3764 2341                                             
 Claire Noyce                                                                                                                                
                                                                                                                                             
 Walbrook PR (Media & Investor Relations)  Tel: +44 (0)20 7933 8780 or mediazest@walbrookpr.com                                              
 Paul McManus / Lianne Applegarth Alice Woodings                        Mob: +44 (0)7980 541 893 / +44 (0)7584 391 303/ +44 (0)7407 804 654  
                                                                                                                                             

 

About MediaZest (www.mediazest.com)

MediaZest is a creative audio-visual solutions provider that specialises in
delivering innovative digital signage and audio systems to leading retailers,
brand owners and corporations. The Group offers 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 in
February 2005.

 

MediaZest’s new AIM rule 26 investor site is now available to view on the
Company website here: https://www.mediazest.com/about/investor-relations/

 

 



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