MediaZest Plc
("MediaZest", the "Company" or "Group"; AIM: MDZ)
Contract extension for MediaZest Retail Analytics product
MediaZest, the creative out-of-home audio-visual company, is pleased to
announce an extension of the contract for its retail data gathering product,
"MediaZest Retail Analytics" originally announced in November 2014.
Following successful early months with this product, the contract has been
extended by the client through to February 2016. Although the revenue stream
from this extension is relatively small for a single site, it is of
significance that the system reports have been deemed sufficiently desirable to
warrant contract extension at this early stage of development. Extension of the
contract demonstrates the scope for this product to generate additional streams
of recurring revenue for the Group.
The Company will further promote the offering, along with its other services,
at the Retail Design Expo which is being held at London Olympia this coming
week. The Group is exhibiting in conjunction with SFD Ltd following a
successful strategic partnership established in early 2014 which has already
included a joint exhibition at Euroshop in Dusseldorf in February 2014.
Chief Executive, Geoff Robertson, said "Extending the existing contract is of
great significance as it demonstrates the value of the product and that it is
delivering the big data information we expected with sufficient accuracy.
As a retail focussed business, December and January are often quiet periods due
to Christmas and Sale activity respectively in stores during those times. As
the year gathers momentum and based on current discussions, we expect to
announce further project wins in all of our core product areas with existing
customers as well as several significant new clients."
Enquiries:
Geoff Robertson
Chief Executive Officer
MediaZest Plc 020 7724 5680
Edward Hutton / David Hignell
Nominated Adviser
Northland Capital Partners Limited 020 7382 1100
Claire Noyce / William Lynne / Niall Pearson
Broker
Hybridan LLP 020 3713 4581 / 4582 / 4583
Notes to Editors:
About MediaZest
MediaZest is a creative media agency and 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
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