Immedia Broadcasting plc
17 April 2007
17 April 2007
IMMEDIA BROADCASTING PLC
'Immedia' or 'the Company'
Update
Immedia Broadcasting Plc, the UK's leading provider of live tailored radio and
video for retail, today announces the following update:
Despite the particularly challenging retail market, we believe retailers
continue to be attracted by in-store media as a premium tool to build
relationships with both customers and staff and in this context, Immedia has
continued to progress during the year. Costs have been managed carefully, and
increased revenues from the subscription model have ensured that the Company
traded broadly in-line with market expectations for the year ending 31 December
2006.
Since the year end, Immedia has lost two contracts, one of which expired.
During 2006, these accounted for 12.5% of group turnover. However, the Company
has a healthy pipeline of new opportunities with a number of potential new
clients.
We expect to announce our Preliminary Results for the year ending 31 December
2006 during May 2007.
For further information please contact:
Immedia Broadcasting Plc
Bruno Brookes - Chief Executive 01635 572 800
Hudson Sandler
Nick Lyon / Sandrine Gallien / Amy Faulconbridge 020 7796 4133
Daniel Stewart & Company Plc
Paul Shackleton / Stewart Dick 020 7776 6550
This information is provided by RNS
The company news service from the London Stock Exchange
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