REG-MediaZest Plc: Trading Update

MediazestAnnouncement

24/08/2021 07:05

24 August 2021

MediaZest Plc

("MediaZest", the "Company” or the “Group”; AIM: MDZ)

 Trading Update

MediaZest (AIM: MDZ), the creative audio-visual company, is pleased to provide
an update on current trading and new business wins.

Further to the announcements of 11 February and 30 March 2021, the Company
continues to win additional new project work with a strong uptake across the
main vertical sectors in which it operates, with many delivered across the
second half of the current financial year to 30 September 2021.

The main sectors the Company specialises in are Retail, Automotive, Corporate
office spaces (including Innovation centres and virtual meeting rooms) and
Education.

As expected and noted in the Unaudited Interim Results to 31 March 2021, the
impact of this new project work would, and has, led to a notable improvement
in the Company’s performance during the second half of the financial year.

In addition to project revenues, ongoing recurring revenue contracts continue
to be robust with several renewals and new contracts signed in the last 4 to 5
months (including a number of multi-year deals) with both new and existing
clients, providing greater visibility with regards to ongoing revenue across
the next 3 years and potentially beyond.

With the Group experiencing strong demand in all four sectors, the outlook
beyond 30 September 2021 also looks encouraging. As such the Group has
invested in additional sales resource, including the recruitment of a senior
salesperson for the Corporate Sector. This has been an area of growth in
recent years and particularly the last few months as clients and potential
customers adapt their places of business with new technology solutions in
order to safely accommodate the return to the office environment for their
staff.

Geoff Robertson, CEO commented, “We believe a lot of the changes in the
workspace environment that were taking hold before the pandemic are being
accelerated and following the recent improvement in the Company’s financial
performance, it is the right time to invest in further growing this side of
the business. Across all sectors, the number of projects coming from
established clients and the levels of renewal and growth of recurring revenue
contracts are both encouraging and show the results of steadily building the
business and client base in recent years.”

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.

 Enquiries:                                                                               
 Geoff Robertson Chief Executive Officer MediaZest Plc                     0845 207 9378  
 David Hignell/Adam Cowl Nominated Adviser SP Angel Corporate Finance LLP  020 3470 0470  
 Claire Noyce Broker Hybridan LLP                                          020 3764 2341  
                                                                                          

Notes to Editors:

About MediaZest

MediaZest is a creative audio-visual systems integrator 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



Copyright (c) 2021 PR Newswire Association,LLC. All Rights Reserved