REG-MediaZest Plc: Further £500,000 in new orders secured

MediazestAnnouncement

15/07/2024 07:15

15 July 2024

 

This announcement contains inside information for the purposes of Article 7 of
the Market Abuse Regulation (EU) 596/2014 as it forms part of UK domestic law
by virtue of the European Union (Withdrawal) Act 2018 ("MAR"), and is
disclosed in accordance with the Company's obligations under Article 17 of
MAR.

 

MediaZest Plc

(“MediaZest”, the “Company”, or the “Group”)

 

Further £500,000 in new orders secured

 

Existing clients continue to roll-out digital signage across multiple sites

Initial project win for digital currency screens “proof of concept”

 

MediaZest plc (AIM: MDZ), the creative audio-visual solutions provider,
announces it has secured an additional £500,000 of new business over the past
two months, with existing key customers continuing to roll-out digital signage
installations across multiple sites in the UK and Europe, and a new client
initiating a “proof of concept” project to supply digital currency screens
in UK high street locations.

 

Projects undertaken for existing clients include a further roll-out of new
digital signage across eight UK Pets at Home stores, a further three
installations in Lululemon Athletica stores in Oslo, Stockholm and Berlin, and
additional Kia dealerships in Europe.

 

The new client project win is an initial three month “proof of concept”
contract to install digital currency screens and content management software
across a number of UK locations. If the project is successful in demonstrating
digital signage as an effective alternative to the current static displays,
there is the opportunity for MediaZest to expand this engagement.

 

As a result of these wins, the Company remains on track to deliver
year-on-year organic revenue growth and continues to target a return to
profitability. The substantial increase in recent project wins has also
significantly improved cash generation in the second half of MediaZest’s
financial year.

 

Geoff Robertson, Group Chief Executive, commented: “We are so pleased to be
building momentum with existing clients; their desire to expand digital
signage into new locations is testament to the success of these current
projects.

 

“We are also delighted to be working with new clients as they begin their
journey with digital signage. The Group’s vast experience and ability to
fulfil all elements of a project from content creation plus design and build
services, through to installation and then ongoing support and maintenance
across the UK, Europe, and in some instances globally, is proving attractive.

 

“The contracts announced today demonstrate the Group’s ability to
successfully convert its pipeline into revenue-generating deals with long term
substantial growth opportunities. We remain encouraged by recent progress and
our ability to continue to build value in the business.”

 

For further information please contact:    

 

 MediaZest Plc                                                          www.mediazest.com                                                     
 Geoff Robertson, Chief Executive Officer                               via Walbrook PR                                                       
                                                                                                                                              
 SP Angel Corporate Finance LLP (Nomad)                                 Tel: +44 (0)20 3470 0470                                              
 David Hignell / Adam Cowl                                                                                                                    
                                                                                                                                              
 Hybridan LLP (Corporate Broker)                                        Tel: +44 (0)20 3764 2341                                              
 Claire Noyce                                                                                                                                 
                                                                                                                                              
 Walbrook PR (Media & Investor Relations)  Tel: +44 (0)20 7933 8780 or mediazest@walbrookpr.com                                               
 Paul McManus / Charlotte Edgar / Alice Woodings                        Mob: +44 (0)7980 541 893 / +44 (0)7884 664 686 / +44 (0)7407 804 654  
                                                                                                                                              

 

About MediaZest (www.mediazest.com)

MediaZest is a creative audio-visual solutions provider that specialises in
delivering innovative digital signage and audio systems to leading retailers,
brand owners and corporations. The Group offers an integrated service from
content creation and system design to installation, technical support, and
maintenance. MediaZest was admitted to the London Stock Exchange's AIM in
February 2005.

 



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