AGM Statement

RNS Number : 7007O

Zoo Digital Group PLC

22 September 2011

 



22 September 2011

ZOO DIGITAL GROUP PLC

("ZOO" or "the Group")

AGM STATEMENT

At ZOO's Annual General Meeting to be held later today, Roger Jeynes, Chairman, will make the following statement:

"Following the completion of our recent fundraising and the restructuring of our convertible loan notes, we are pleased to report that ZOO has a sound balance sheet and a solid platform for further growth.

"The Company continues to add to its suite of software and seek additional uses for its work flow management tools and now has a much broader offering and addressable market than ever before. Whilst the mainstay of our business remains working with the major Hollywood studios, we have managed to diversify our product offering to be relevant to a much greater audience. As mentioned at the time of our fundraising, the continuing upheaval in the filmed entertainment industry has affected the work flow from our major customer, however, the subsequent recovery in this work has been encouraging.

"We have made great advances in the Electronic Sell Through market and our relationship with Multi Packaging Solutions, Inc. continues to highlight attractive possibilities in a wide range of industries. We also believe that the rapidly growing e-Book market represents an exciting opportunity for ZOO.

"Whilst it is still clearly early in the current financial year, the Board believes that we are on track to meet market expectations."

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For further enquiries please contact:

ZOO Digital Group plc	0114 241 3700
Stuart Green - Chief Executive Officer
Helen Gilder - Group Finance Director
FinnCap	020 7600 1658
Marc Young / Henrik Persson (corporate finance) Tom Jenkins / Joanna Weaving (corporate broking)
Threadneedle Communications	020 7653 9850
Josh Royston / Terry Garrett / Hilary Millar

Notes to Editors

About ZOO Digital Group plc

ZOO Digital Group plc provides software and related services that support the authoring, re-purposing and distribution of creative media. ZOO's products form an integrated suite of web-based and desktop applications for audio/visual content and printed materials, adapting these media for different languages, formats and delivery mechanisms. 

By centralising editorial and approval processes via secure web-based platforms, ZOO's proprietary patented software helps customers to increase their speed of production, reduce costs and protect their brand integrity. ZOO's services enable quicker and more cost effective processes across a wide range of applications and formats, including packaging, printed materials, DVD, Blu-ray Disc, video on demand, electronic sell-through, broadcast, music and electronic books. 

The Group's largest customers include major Hollywood studios, for which the production, marketing and distribution of titles in numerous formats across many geographies and languages has previously been a lengthy, costly and largely manual process. Increasingly the Group's software is benefiting a variety of companies across sectors where the development of media products, printing, packaging and marketing involves complex processes in multiple countries and languages, particularly where brand integrity is of core importance.

 

END

 

 

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