INC.L Regulatory News (INC)

13 Sep 2007 07:01

Avanti Screenmedia Group PLC13 September 2007 13 September 2007 Avanti Screenmedia Group plc ('Avanti') (AIM: ASG) Contract Update Avanti Screenmedia Group plc, the AIM listed leading digital screen mediaspecialist, is delighted to announce today that it has signed a deal withElectric Health Media (EHM), expected to raise revenues of between £500,000 and£1m in the next 12 months. EHM offers patient information and advertising on screens in NHS Trust hospitalsand GP surgeries throughout England. Broadcast content includes 40% national and15% regional advertising, with a further 40% reserved for NHS information andhealth messages and 5% for EHM corporate messages. The contract gives Avantithe rights to sell local advertising for EHM on their current portfolio of 150screens at 105 sites, which EHM expect to expand to 350 screens by December2007. The Board continues to seek funding for both the short term working capitalrequirements and continuing development of the Company. Commenting, Simon Rees, CEO of Avanti Screenmedia said: "This is Avanti's first venture into local sales for a third party and firstfocus on the health sector. We are delighted to partner with EHM in thisventure and it demonstrates Avanti's intention to explore new revenue generatingmodels." -ends- Enquiries: Avanti Screenmedia Group plc 0207 902 2345Simon Rees, CEO Charles Stanley Securities 020 7149 6112Nominated AdviserRussell Cook/Freddy Crossley Bishopsgate Communications Limited 020 7562 3355Maxine Barnes/Jenni Herbert This information is provided by RNS The company news service from the London Stock Exchange