Big Sofa Technologies Group PLC AGM Statement (9473L)

TIDMBST

RNS Number : 9473L

Big Sofa Technologies Group PLC

25 July 2017

25 July 2017

Big Sofa Technologies Group plc

("Big Sofa" or the "Company")

AGM Statement

Big Sofa (AIM: BST), a fast-growing international video analytics provider to consumer brands and market research agencies, is pleased to announce that, at the Annual General Meeting of the Company to be held later today, the chairman, Nicholas Mustoe, will make the following statement:

"We continue to be greatly encouraged by the progress Big Sofa is making, in particular with its significant customer partnerships including P&G, Unilever, Ipsos and SC Johnson - each of which is recognising the value of incorporating video into its consumer insight activities. The board is confident that these partnerships will deliver material revenue growth in the current year and we are already seeing evidence of this in Big Sofa's expanding near-term new business pipeline, which includes some valuable and exciting projects. We also continue to develop opportunities with additional significant customers and are confident that one or two of these will start to deliver revenue in the second half. We look forward to continuing to update shareholders throughout the second half of the current year."

For further information, please contact:

 
 Big Sofa Technologies Group        via Vigo Communications 
  plc 
 Simon Lidington, CEO 
 Matt Lynch, CSO 
 Joe MacCarthy, CFO 
 
                                    [phone] 
 SPARK Advisory Partners (NOMAD)     3554 
 Neil Baldwin / Mark Brady 
 
                                    [phone] 
 Hobart Capital Markets (Broker)     5656 
 Lee Richardson / Raju Haldankar 
 
 Vigo Communications (Financial     [phone] 
  Public Relations)                  9700 
 Jeremy Garcia / Ben Simons 
  / Antonia Pollock 
 

About Big Sofa

Big Sofa is a B2B technology business servicing the marketing and consumer insight industries with video analytics.

Our software platform collates, analyses and organises large volumes of raw/unstructured video content enabling companies to perform detailed and sophisticated consumer insight analysis; and make genuine use of their video content.

Until recently, video has been difficult and expensive to capture, upload, store, manage and analyse as a consumer insight tool. However, proliferation of smart phones has empowered consumers to speak directly to brands resulting in an evolution of consumer insight and data analytics techniques, with video emerging as a key platform in a massive $33 billion consumer research market.

Big Sofa's shares are admitted to trading on the London Stock Exchange's AIM market under the ticker BST.L.

To find out more, visit www.bigsofatech.com

Follow us on twitter at @bigsofatech

This information is provided by RNS

The company news service from the London Stock Exchange

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July 25, 2017 02:00 ET (06:00 GMT)