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4 Jun 2009 13:01
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4Β JuneΒ 2009
AvantiΒ ScreenmediaΒ GroupΒ plc
("Avanti"Β orΒ theΒ "Company")Β (AIM:Β ASG.L)
FurtherΒ ContractΒ winsΒ andΒ amendedΒ contractΒ withΒ Spar
Avanti is pleased to announce that it has secured two further shopping mall contracts. The Company will provide digital marketing services for Redleaf Limited Partnership's two malls at Ladysmith in North London and Castlegate, Ashton under Lyme. This takes Avanti's portfolio to 41 shopping malls in the UK, with a combined weekly footfall of 10.6 million and confirms Avanti's position as the largest provider of out of home digital screenmedia within shopping malls in the UK.
Avanti is also pleased to announce that it has agreed a new addendum to its contract with Spar, the convenience store retailer, to reflect new and significantly less onerous terms for Avanti, and with an extension to contract until to May 31 2012. Under the new agreement Avanti will also install a further 300 new Spar sites, taking the total screened estate to 500 stores. This creates one of the largest digital screen networks in the retail sector.
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AvantiΒ ScreenmediaΒ GroupΒ plc SimonΒ Rees,Β ChiefΒ Executive GaryΒ Truman,Β FinanceΒ Director |
020Β 7902Β 2345 |
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CharlesΒ StanleyΒ SecuritiesΒ NominatedΒ Adviser RussellΒ Cook/FreddyΒ CrossleyΒ |
020Β 7149Β 6000 |
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BishopsgateΒ CommunicationsΒ Limited RobynΒ Samuelson/SiobhraΒ Murphy |
020Β 7562Β 3355 |
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