MediaZest plc
22 June 2006
MediaZest plc
('MediaZest' the 'Company' or together with its subsidiaries the 'Group')
Trading Update
The Company is pleased to give shareholders the following update:-
In the Chairman's statement in the preliminary results for the year ended 31
December 2005 the Company highlighted its advantageous position in the growing
in-store marketing arena. MediaZest is continuing to develop its business with
a number of notable orders across the Group despite the difficult retail
environment.
The Company has continued to work with its major existing client companies, such
as Motorola and Chivas, whilst adding new customers such as Vodafone, O2,
Diageo, Shell, Arsenal Football Club, Procter and Gamble, Dunnhumby, Musgraves
and Adidas.
The Group has continued to increase its portfolio of licenses and agreements to
utilise third party technologies during the current year. Of particular note are
the shelf-edge TV and interactive floor and wall devices that we have recently
launched, which are attracting considerable client interest.
The Company's relationship with 3M continues to strengthen. The Company has
jointly marketed its tailored solutions at a number of trade events including
the In-Store Show at Earls Court in June 2006. MediaZest's stand at this show
generated a lot of interest in respect of our approach towards marketing our
creative digital media solutions to both brands and agencies alike. The
directors of the Company anticipate that this will translate into meaningful
business in the future.
Touch Vision Limited, the Company's wholly owned subsidiary, has won a number of
new contracts this year. One notable success, won against strong tender
competition, is a new three-year framework agreement for the provision of sales,
installation, and maintenance of audiovisual equipment with London South Bank
University and London Metropolitan University, which currently spend on average
a combined total of £950,000 per annum on their audiovisual requirements, and we
would expect to receive a meaningful proportion of this in revenue.
MediaZest has invested heavily in its marketing and sales efforts during the
first half to meet the anticipated growth in its order book outlined above.
Whilst the business is historically second half weighted, the Company has had a
satisfactory start to the year and the outlook for the rest of the financial
year remains in line with the directors' expectations.
For further information please contact:
MediaZest
Sean Reel, Chairman and Chief Executive 0845 2079378
M: Communications
Nick Fox 020 7153 1540
Eleanor Williamson 020 7153 1539
Notes to Editors
MediaZest listed on AIM in February 2005. It is focused on the creative digital
media sector and delivers 'one-stop' audio, visual, aroma and content management
to its clients. MediaZest has licences and agreements with leading solutions
partners and in August 2005 it made its first acquisition buying TouchVision, a
wholly owned subsidiary of Touch Group Plc. TouchVision provides a range of
digital media solutions for leading companies in the retail, corporate,
education and leisure market sectors.
MediaZest's management is led by: Chief Executive Sean Reel, a former Boots and
IPC executive and Christopher Theis, former head of the small companies teams at
Hoare Govett and Smith New Court.
For further information please visit - www.mediazest.com
This information is provided by RNS
The company news service from the London Stock Exchange
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