4 Jun 2009 13:01
4 June 2009
Avanti Screenmedia Group plc
("Avanti" or the "Company") (AIM: ASG.L)
Further Contract wins and amended contract with 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.
| Avanti Screenmedia Group plc Simon Rees, Chief Executive Gary Truman, Finance Director | 020 7902 2345 |
| Charles Stanley Securities Nominated Adviser Russell Cook/Freddy Crossley | 020 7149 6000 |
| Bishopsgate Communications Limited Robyn Samuelson/Siobhra Murphy | 020 7562 3355 |