Paragon Entertainment Limited Contract win

TIDMPEL

Paragon Entertainment Limited

25 February 2019

Date: 25 February 2019

On behalf of: Paragon Entertainment Limited ("Paragon", the "Company" or the "Group")

Paragon Entertainment Limited

Contract Win

Paragon Entertainment Limited (AIM: PEL), the attractions design, production and fit-out business, announces that it has entered into contract with Lamda DOMI in Athens to create a new Family Entertainment Centre in their Golden Hall shopping mall in Athens.

The EUR4.2m project commenced this month and will be completed by the end of 2019. This contract underpins the previously announced forecast financial performance of between GBP6.0m and GBP6.5m of revenue for the half year ending 30 June 2019.

Commenting on the announcement, Mark Pyrah, Development Director and Founder of Paragon Entertainment said:

"This is an exciting contract for Paragon. We have been working closely with the Lamda DOMI team for over three years to bring this and other projects in their portfolio to the development and construction phase. It is also great for our team to be working for such an innovative client that is investing in attractions and leisure to enhance their retail assets."

- ENDS -

 
For further information: 
 
 Paragon Entertainment Limited 
 Mark Taylor (Chairman) 
                                                     01904 608020 
 finnCap Ltd 
 Julian Blunt / Simon Hicks (corporate finance) 
 Alice Lane (corporate broking)                     020 7220 0500 
 

Notes to Editors:

About Paragon

Paragon Entertainment Limited (AIM:PEL) is an award winning provider of attraction services from initial design production and consulting through to the fit out and installation of themed attractions, heritage exhibits, museums, aquariums and water parks, inter alia. Paragon Entertainment is the holding company for Paragon Creative Limited.

The Group's projects have included:

   --     The build of Rolling Stones Exhibitionism at the Saatchi Gallery, London; 
   --     The Award winning 'Dig It!' attraction brand; 
   --     The design and build of Kidzania, London and Kidzania Abu Dhabu; 

-- The design and build of galleries at the Olympic Museum for the IOC in Lausanne, Switzerland;

   --     The design and build of the Dig It concepts worldwide; 
   --     The design and build of Titanic Belfast; 
   --     The design and build of Motiongate and Lionsgate theme parks in the UAE; 

The Group listed on AIM in 2011. Further information can be found at: http://www.paragonent.com.

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February 25, 2019 07:30 ET (12:30 GMT)