Rns...22 Jun 2010 08:24
RNS Number : 9830N
i-design Group Plc
22 June 2010

IDG 22 June 2010 I-DESIGN GROUP PLC ("i-design" or "the Group") First Contract in South America i-design, which has developed and supplies a market leading ATM advertising solution ("atmAd"), enabling ATM network owners to run both third party advertising and their own internal marketing campaigns, is pleased to announce its first contract in the South American marketplace. The contract, secured via channel partner, Teller Service CIA. LTDA ("Teller"), has been signed with a major bank in Ecuador and is for the deployment of i-design's atmAd solution across the bank's network of approximately 500 ATMs in Ecuador. Under the terms of the agreement, following the implementation of atmAd, i-design will benefit from an ongoing revenue stream derived from fees relating to the use of its proprietary systems, which facilitate the management of ATM advertising campaigns. Implementation of atmAd is expected to commence in the coming weeks, with sites expected to go live in the beginning of the fourth quarter of 2010. The Company views this agreement as a significant strategic gain, establishing atmAd (and the concept of third party advertising on ATMs) in a new territory and helping to open up further opportunities in South America. Importantly, atmAd is a platform independent solution, capable of operating across multiple ATM networks. Teller also represents the Group in a number of other South American countries. This new contract follows the announcement issued on 27 May 2010, which reported that the Group had secured its first agreement in the USA, with Cardtronics, Inc, the world's largest non-bank owner of ATMs. Ana Stewart, CEO of i-design, commented: "This is a strategically important agreement for us, establishing our ATM advertising solution in a major new marketplace, South America. We are confident that the benefits of atmAd, which remains globally an unrivalled ATM advertising solution - capable of running on multiple ATM networks - will lead other ATM network owners in South America to explore the opportunity atmAd offers both for market positioning and new revenue generation. We continue to remain very positive about prospects for expansion both in the UK and internationally." Enquiries:
i-design group plc
Ana Stewart, Chief Executive Ian Sunter, Finance Director
T: 01382 541 041
Biddicks
Katie Tzouliadis
T: 020 7448 1000
Sophie Lane
Arbuthnot Securities
Tom Griffiths
T: 020 7012 2000
Alasdair Younie
About i-design group plc i-design (AIM: IDG) is the world-leading specialist provider of ATM advertising software and services and developer of atmAd, the only platform independent end-to-end ATM mark