Major German Contract Win

RNS Number : 5729W

SpaceandPeople PLC

22 November 2010

 



22^nd November 2010

SpaceandPeople plc (SpaceandPeople or the Company)

Major German Contract Win

SpaceandPeople, (AIM: SAL) the leading experiential marketing and media group, is pleased to announce that Retail Profile Europe G.m.b.H (Retail Profile Europe), its wholly owned subsidiary, has signed a major contract with ECE Projektmanagement, the leading Germany-based shopping centre management company to provide leasing, management, marketing and operations of Retail Merchandising Units (RMUs) across its portfolio of major shopping centres.

Under the five year exclusive agreement with GB Immobilien G.m.b.H, which is a wholly owned subsidiary of ECE Projektmanagement G.m.b.H & Co, KG, Retail Profile Europe will install and operate RMU's in two Hamburg Centres for the Christmas season. This will be followed by a full roll-out programme in Germany, commencing in the first quarter 2011.

It is anticipated that by end of 2012 there will be approximately 200 RMU's in operation. The Company does not intend or require to raise any additional funding to carry out the contract.

RPE G.m.b.H, is the German based arm of Retail Profile, the RMU specialist business in the SpaceandPeople Group. The contract is the first that Retail Profile has signed in Germany, which is a major market for SpaceandPeople, and illustrates the cross-selling opportunities the acquisition of the two businesses earlier in the year has presented.

This contract follows on from the successful announcement at the interim results in September that gross revenues for SpaceandPeople Germany, the Destination Media Specialists were up 59% on the same period last year.

Current trading is in line with market expectations.

Enquiries:
SpaceandPeople Plc		0845 241 8215
Matthew Bending
Seymour Pierce Limited		020 7107 8000
John Cowie
Stewart Dickson
Pelham Bell Pottinger		020 7861 2861
David Rydell
Charlotte Offredi

About SpaceandPeople plc

The Company facilitates and manages promotional space for marketing campaigns in shopping centres and other high footfall locations, such as theme parks and airports. Clients include world leading brands such as BT, Hilton, Coca-Cola, Orange, Mazda, Gillette, Siemens, Smirnoff and Pepsi. SpaceandPeople is at the forefront of developing the concept of space as an advertising and promotional medium.  It offers consumer brands the opportunity to promote their products through direct engagement with consumers through a mix of experiential marketing events and complementary above the line advertising and multimedia campaigns. SpaceandPeople offers a comprehensive service covering brokerage, consultancy and venue centric media buying.  SpaceandPeople is independently funded and its shares are admitted to trading on AIM.

The Company acquired Retail Profile, the RMU specialist, in April 2010.

 

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