INC.L Regulatory News (INC)

15 Nov 2005 08:38

Avanti Screenmedia Group PLC15 November 2005 For release 08.30am 15 November 2005 AVANTI SCREENMEDIA GROUP PLC ("AVANTI" or "the COMPANY"): CONTRACT GAIN 5-Year Contract from Sheffield's Meadowhall Centre Avanti, the market leading provider of screenmedia services to high streetretail shops, shopping malls and the pub and bar markets, today announces thatit has been awarded a contract by Meadowhall Centre Limited for the managementof a five year contract term of a screenmedia network at Meadowhall shoppingcentre in Sheffield. The contract involves the sale of advertising ontwenty-one 50-inch Plasma screens and a videowall. Commenting, David Williams, Avanti Chief Executive said: "We are honoured to beselected by Meadowhall, which is one of the most prestigious malls in thecountry, one of six super regionals in the country. Our geographical reach inshopping mall screenmedia is largely complete, with a nationwide audience now of7.5m customers per week, and our strategy is now to infill the network withpremium locations." Kate Mason commenting for Meadowhall said: "Avanti is a clear market leader interms of quality, scale and financial stability. Meadowhall has led the marketfor innovation in malls. We need to work with suppliers capable of meeting highexpectations, Avanti fits the bill." ENDS For further information: Avanti Screenmedia Group PlcDavid WilliamsChief Executive Tel: 020 7749 1600 Financial PR:Binns & Co PR LtdPeter Binns Tel: 020 153 1479 Trade PR:Martin Loat, Neil BestonPropeller Communications Tel 020 7437 3370 NOTES TO EDITORS ABOUT AVANTI •Avanti is the clear market leader in screenmedia in the UK by client sites installed, breadth of industry coverage and profits. •It has over 1200 sites with over 4,000 plasma screens showing advertising •"Screenmedia" means TV channels at or close to the point of sale which retailers, pubs and malls use for brand promotion and advertising. •Avanti is unique in its ability to provide all elements of a screenmedia service - network, creative, media sales - using skilled and dedicated in-house resources, •Avanti also operates an emerging business supplying broadband by satellite. •In August 2005 Avanti won a right to use, in perpetuity a license to operate satellites covering Europe and potentially Africa as well. •Avanti's first satellite will launch in 2008. •The first satellite can service up to 170,000 broadband customers in Europe, or could broadcast thousands of digital TV channels. •The capacity of Avanti's license could be used to service as many as 15,000,000 broadband customers. •The Company was admitted to AIM on 9 July 2004. •Avanti generated net profit in the year to June 2005 of £2.0m on turnover of £8.4m. This information is provided by RNS The company news service from the London Stock Exchange