Immedia Broadcasting plc
11 February 2004
Immedia Broadcasting Plc
11 February 2004
Immedia Broadcasting Plc ('Immedia' or 'The Company')
Extension of Dixons contract
Highlights:
- Dixons is expected to extend the initial trial period of three months
by a further three months of its dedicated live radio station, branded 'Dixons
Live'.
- Dixons report that advertisers on the station have seen an uplift in
sales of an average of 9 per cent and in some cases by as much as 35 per cent.
- Advertisers on the station include Belkin, Freeserve, Grundig, HP/
Compaq, Kodak and Sky.
Immedia, the AIM quoted provider of live tailored in-store radio, today
announces that DSG Retail Limited ('Dixons') is to extend the trial period of
Dixons Live. On 1 December 2003, Immedia entered into a contract with Dixons to
provide a broadcast radio station for up 50 Dixons stores. This agreement was
for an initial trial period of up to 3 months and is now to be extended for a
further 3 months. The 50 Dixons stores carrying Dixons Live represent
approximately 70 per cent of Dixons turnover in the UK.
Commenting on the success of the initial trial, Billy Harley, Commercial
Director, Dixons said:
'We are very pleased with the results of the station so far. Staff and
customers like it and we have seen significant uplifts in sales of advertised
products in stores with the radio station, in some cases by as much as 35 per
cent. It has helped to inform staff and customers on the latest products and
technologies and we look forward to working with Immedia and our advertising
partners to develop the station during the coming months'
Bruno Brookes, CEO of Immedia, said:
'The extension of the Dixons contract with Immedia demonstrates the success of
the initial trial and provides firm evidence of the uplift in sales achievable
by the effective use of Immedia's tailored live radio stations.'
END
For further information contact:
Immedia Broadcasting Plc
Bruno Brookes - Chief Executive 01635 572 800
Teather & Greenwood
Stephen Austin 020 7426 9000
This information is provided by RNS
The company news service from the London Stock Exchange
*A Private Investor is a recipient of the information who meets all of the conditions set out below, the recipient:
Obtains access to the information in a personal capacity;
Is not required to be regulated or supervised by a body concerned with the regulation or supervision of investment or financial services;
Is not currently registered or qualified as a professional securities trader or investment adviser with any national or state exchange, regulatory authority, professional association or recognised professional body;
Does not currently act in any capacity as an investment adviser, whether or not they have at some time been qualified to do so;
Uses the information solely in relation to the management of their personal funds and not as a trader to the public or for the investment of corporate funds;
Does not distribute, republish or otherwise provide any information or derived works to any third party in any manner or use or process information or derived works for any commercial purposes.
Please note, this site uses cookies. Some of the cookies are essential for parts of the site to operate and have already been set. You may delete and block all cookies from this site, but if you do, parts of the site may not work. To find out more about the cookies used on Investegate and how you can manage them, see our Privacy and Cookie Policy
To continue using Investegate, please confirm that you are a private investor as well as agreeing to our Privacy and Cookie Policy & Terms.