Information  X 
Enter a valid email address

Vimio PLC (VIM)

  Print   

Thursday 02 March, 2006

Vimio PLC

Trading Update


                    Embargoed not to be released until 7.00 am on 2 March 2006.

                     Vimio plc ('Vimio' or 'the Company')                      

                                Trading Update                                 

The Company is pleased to announce that both MTC - Vodafone (Bahrain) and
Umniah Mobile Company of Jordan have ordered upgrades of the Vimio Jukebox
technology which will be implemented in the next two months. In addition,
Samsung Electronics Co. Ltd ('Samsung') is implementing an upgrade of the Vimio
codec, with work on a third upgrade in progress and two more upgrades at the
planning stage. The Samsung agreement was signed in November 2005 and will have
a minimal impact on the Company's results to 31 December 2005 but the Directors
expect it to have a significant impact in 2006.

Negotiations are well advanced for a joint venture agreement, with an Indian
company having a large subscriber base, under which Vimio will provide a Vimio
Jukebox licence and supply live TV and other content

The Company is also currently negotiating a technical collaboration with a
French company, trials of live TV streaming with a Caribbean operator, an Irish
content reseller contract and live TV and content trials with an Irish telecoms
company.

Vimio Middle East LLC, the joint venture with Riyada Consulting LLC, is
progressing according to plan and trials are continuing with China Telecom.

For enquiries please contact:

Vimio plc

Padraic Marren +353 (0) 87 6980943

John East & Partners Limited

Jeffrey Coburn +44 (0) 20 7628 2200

Hansard Communications Limited

Chris Roberts/Andy Tan +44 (0) 20 7245 1100


                                                                                                                         

a d v e r t i s e m e n t