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YOO Yoomedia

126.50
0.00 (0.00%)
Last Updated: 01:00:00
Delayed by 15 minutes
Share Name Share Symbol Market Type Share ISIN Share Description
Yoomedia LSE:YOO London Ordinary Share GB00B29WFV68 ORD 100P
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  0.00 0.00% 126.50 0.00 01:00:00
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
0 0 N/A 0

Re Agreement

15/01/2008 7:00am

UK Regulatory


    YooMedia Plc                                  

                         ("YooMedia" or the "Company")                         

                            New Customer Agreement                             

YooMedia Plc, the AIM quoted interactive media and games group announces an 
agreement with a leader in the market for parking services, NCP Services
Limited, to provide its YooPark PCN solution for the payment of penalty 
charge notices. The YooPark PCN product line is expected to provide 
over £200,000 of gross profit contribution in the next twelve months to
the YooMedia Group.

The YooPark PCN solution is to be implemented by NCP Services for their
contract with Brighton & Hove City Council in the south of England and will be
integrated with the Council's enforcement database. The new service will
provide both interactive voice response and web solutions to enable motorists
to pay penalty charge notices issued for parking offences. YooMedia will earn a
transaction fee for each payment processed.

This agreement, combined with the contract with Meteor Parking Limited
announced in August 2007, indicates that the Company is making significant
penetration into the high value car parking market.

Neil MacDonald, CEO, YooMedia Plc, commented:

"This agreement furthers the transformation of YooMedia's business into a
leading provider of interactive transaction based products and services. It
demonstrates that the Company is able to successfully grow its market share and
the proposed integration of Fresh and the strategic repositioning of the
enlarged business will strengthen our presence in this sector."

Nigel Coltman, NCP Services' Head of On-Street Operations, commented:

"NCP Services has consistently driven the evolution of the parking industry and
our aim is to ensure we constantly improve the service we deliver to local
authorities and the public. Today's innovative new arrangement with YooMedia
will help us to build on that."

                                                                15 January 2008

Enquiries:

YooMedia PLC                        +44 (0) 207 462 0870                     
                                                                             
Neil MacDonald, CEO                                                          
                                                                             
Nexus Financial Ltd                 +44 (0) 207 451 7068                     
                                                                             
Nicholas Nelson/John Mundy          Nicholas.nelson@nexusgroup.co.uk         
                                                                             
Seymour Pierce Limited              +44 (0) 207 107 8000                     
                                                                             
Mark Percy                                                                   



END


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