Milestone Group PLC : Legal agreement signed wi...

MILESTONE GROUP PLC
("Milestone" or the "Company")

Legal agreement signed with Intervictus (UK) Ltd

Milestone, the AIM quoted (AIM: MSG) provider of digital media and technology solutions is pleased to announce that it has signed an agreement with Intervictus (UK) Ltd ("Intervictus") to provide mobile solutions to support the installation and monitoring of their Energy Management Solutions.

Intervictus specialise in the supply of Energy Management Solutions, offering bespoke and comprehensive real-time energy monitoring systems that enable companies to manage all aspects of energy usage. This has already been successfully trialled in a number of sectors including Engineering, Construction, Education and Healthcare.

The Intervictus offering will be underpinned and delivered by Intervictus and any third party workforce using Milestone mobile technology throughout the process. It will combine the emotional intelligence training in all training courses for new employees sourced via Milestone, the Passion Project and / or any associated introductions.

As a founder member of the Company's youth employment initiative, the Passion Project, Intervictus will benefit from the cross promotion of services across the programme's digital ecosystem whilst actively utilising the programme's network of Youth Organisations to promote, recruit and train young people to become job ready and form part of their future workforce.

The initiative has a pilot commencing in October 2014 with a London Housing Association ("LHA") whose current housing stock comprises of 9,000 dwellings. Following the pilot, it is anticipated that the programme will be rolled out across all the LHA's properties and interest is already being shown by a number of other housing associations in the UK. It is anticipated that the delivery model to survey and install into the 100 homes for the pilot would see 14 individuals being recruited and trained. Post successful pilot, it is anticipated that this number would increase to 200 - 250 delivery personnel.

The financial details of the agreement will see Milestone generating revenues from the mobile solutions provided at a rate of £20 per user per month, Passion Project engagement fees of £50 per young person, £350 per person for emotional intelligence training and introducer's fees for all new business introduced via its networks.

David Jones of Intervictus, commented:

"Milestone Group's activities with the Passion Project are able to accelerate and realise relevant commercial opportunities for Intervictus. The provision of cutting-edge training programmes and mobile solutions adds value to our proposition."

Deborah White, CEO of Milestone Group PLC, commented:

"We are delighted to be joining Intervictus in a phase of growth and possibilities, with Intervictus as a key solution provider to our commercial network, whilst adding value by providing them with valuable mobile monitoring and training services. This type of arrangement is a core tenet of the Passion Project eco-system that Milestone owns and gives a flavour for the potential revenues on offer."

 For further information:

Milestone Group PLC Deborah White, Chief Executive	Tel: [phone]
Cairn Financial Advisers LLP, Nominated Adviser Liam Murray / Avi Robinson	Tel: [phone]
Hybridan LLP, Broker Claire Louise Noyce	Tel: [phone]

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Source: Milestone Group PLC via Globenewswire

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