LONDON (Alliance News) - MediaZest PLC shares jumped early Wednesday after the company won contracts in the retail and education sectors with revenues of at least GBP580,000.
The digital out-of-home advertising house said it will provide programming, development and installation services for a multi-national company and its partners on a new retail concept.
MediaZest said the initial project is expected to generate revenue of GBP400,000, with potential for future further revenue if the concept rolls out nationwide.
In addition, the group said it has won several new deals in the education sector, with the largest of the contracts valued at over GBP220,000 and set to generate revenue of GBP180,000.
All the contracts are set to be delivered in the fourth quarter of this year.
MediaZest shares were up 17.5% to 0.188 pence in early trade, making it the second best performer on the AIM All-Share.
By Sam Unsted; samunsted@alliancenews.com; @SamUAtAlliance
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Mediazest (MDZ)