MediaZest Plc New Business Update

 
TIDMMDZ 
 
3 March 2017 
 
                                 MediaZest Plc 
 
                    ("MediaZest"or the "Company"; AIM: MDZ) 
 
                              New Business Update 
 
MediaZest, the creative digital audio visual company, is pleased to update 
shareholders on recent business wins. 
 
Since the start of 2017, the Group has already confirmed business wins in the 
retail sector alone that relate to projects that will generate approximately GBP 
500,000 of new revenue. These projects include the ongoing roll out of business 
from existing clients and a substantial new project for a UK high street bank. 
All are due for completion by 30 June 2017. 
 
These new business wins include a large proportion of UK based work but also 
installations as far afield as the United States and Australia. 
 
In addition, the Group continues to grow its recurring revenue base, which has 
underpinned recent improved results. At present, run rate recurring revenues 
total approximately GBP400,000 per annum and management expect these to grow by 
at least 15% during the next quarter. 
 
Geoff Robertson, CEO, commented: "More and more companies within the retail 
sector are looking to change the way they do business in the multichannel world 
in which we now live and shop, and our expertise in enabling them to do that is 
proving a strong draw for clients. 
 
 The work we have done to develop business partnerships outside of the UK is 
enabling us to undertake projects on a worldwide basis. This represents a 
significant ongoing opportunity for the Company, as clients increasingly look 
to establish a durable relationship with one supplier who can deliver solutions 
to all their retail stores to the very highest standards. 
 
The improvement in recurring revenues and hence quality of revenue for the 
business has been instrumental in moving the business forward financially. 
Further progress in this area continues to be a major strategic focus." 
 
This announcement contains inside information for the purposes of Article 7 of 
Regulation (EU) 596/2014. 
 
Enquiries: 
 
Geoff Robertson                                                0845 207 9378 
Chief Executive Officer 
MediaZest Plc 
 
Edward Hutton / David Hignell                                  020 3861 6625 
Nominated Adviser 
Northland Capital Partners 
Limited 
 
 
Claire Noyce / William Lynne / Niall               020 3764 2341/ 2342/ 2343 
Pearson 
Broker 
Hybridan LLP 
 
Notes to Editors: 
 
About MediaZest 
 
MediaZest is a creative media agency and audio visual systems integrator that 
specialises in providing innovative marketing solutions to leading retailers, 
brand owners and corporations, but also works in the public sector in both the 
NHS and Education markets. The Group supplies 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 market 
in February 2005. For more information, please visit www.mediazest.com 
 
 
 
END 
 

(END) Dow Jones Newswires

March 03, 2017 02:00 ET (07:00 GMT)