REG - Zoo Digital Group - AGM Statement <Origin Href="QuoteRef">ZOO.L</Origin>

Zoo DigitalAnnouncement

28/09/2016 07:05

RNS Number : 0019L
Zoo Digital Group PLC
28 September 2016
28 September 2016
ZOO DIGITAL GROUP PLC
("ZOO" or "the Company")
AGM Statement
At ZOO's Annual General Meeting to be held later today, Roger Jeynes, Chairman, will make the following statement:
"2016 marked the beginning of a new era in screen entertainment with online retailers of video content now delivering internet TV networks to almost every country in the world. There is an unprecedented number of new TV episodes being produced annually, and since English is predominantly the source language of global screen entertainment, the demand for high quality localisation services to adapt programmes for international distribution is growing.
"ZOO is at the forefront of innovation in this market, delivering premium services to major content owners and online retailers through the use of the Company's proprietary cloud software. This enables ZOO to offer fast, reliable and scalable propositions for localisation and digital distribution that set the Company apart from its competitors.
"Following the addition of a number of major clients over the summer, there is now greater diversity in our revenue sources, and growth in the number of video minutes processed each month.
"ZOO continues to invest in R&D, extending its software platforms to apply automation that improves quality, lowers cost and enhances management control, and innovating to offer end-to-end services for worldwide digital video distribution.
"We will continue to seek to grow our share of the expanding market with a differentiated and superior proposition.
"Trading in the first five months of the year has generated a small profit before interest, tax, depreciation and amortisation. Consistent with the second half of FY15/16, cashflow from operations in the first half to date has been neutral with the board continuing to manage the business throughout the period within available facilities."
A short presentation on the Company's capabilities will be given by Stuart Green, CEO of ZOO, during the AGM. A copy of the presentation will be available on the Company's website (www.zoodigital.com) subsequent to the meeting.
Ends
For further enquiries please contact:
ZOO Digital Group plc
0114 241 3700
Stuart Green - Chief Executive Officer
Helen Gilder - Group Finance Director
FinnCap
020 7220 0500
Ed Frisby / Emily Watts (corporate finance)
Camille Gochez (corporate broking)
About ZOO Digital Group plc:
ZOO Digital is a provider of services allowing quality TV and movie content to be subtitled in any language and prepared for sale with all major online retailers. ZOO's clients are some of the best-known brands in the world including major Hollywood studios, global broadcasters and independent distributors.
ZOO's point of difference in the marketplace is its development and use of innovative cloud technology. This ensures that content is subtitled in any language and delivered to all the major online platforms such as Amazon, iTunes, Google and Hulu with reduced time to market, higher quality and lower costs. ZOO's agile, cloud-based business model enables clients to respond to market trends, scale easily with business growth and capitalise on new routes to market in the fast moving and evolving digital industry.
ZOO operates from the entertainment hubs of Los Angeles and London with a development and production centre in Sheffield. Its full-service proposition includes digital distribution, subtitling & captioning, metadata creation & localization, dubbing, artwork localization, workflow and asset management.
www.zoodigital.com

This information is provided by RNS
The company news service from the London Stock Exchange
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