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12 Nov 2010 11:43
12th November 2010 MediaZest Plc Contract Extension
MediaZest Plc (MediaZest or "the Group"; AIM: MDZ), the creative digital out-of-home advertising company and audio-visual integrator, announces the following contract extension.
Touch Vision Limited, a wholly-owned subsidiary, has an existing contract for the supply of audio-visual equipment to three large purchasing consortia which has been extended by a further year to 31 December 2011.
The purchasing consortia are the North Western Universities Purchasing Consortium, Crescent Purchasing Consortium, and Advanced Procurement for Universities and Colleges in Scotland.
Together they cover 676 institutions, with a combined annual AV spend of approximately £1.8 million in the year to 31 July 2010. TouchVision is one of five suppliers under these agreements.
Geoff Robertson, CEO of MediaZest, commented:
"We are delighted to have our contract extended for a further year and believe our audio visual knowledge and the cost saving solutions that we bring to the market can be used to great effect to bring real value to the institutions we are servicing, which is particularly important in the current economic and funding environment."
Notes to Editors:About MediaZest
MediaZest is a creative media agency that specialises in providing innovative out-of-home marketing solutions to leading brand owners and media agencies. The group supplies an integrated service from content creation and system design to installation, technical support and maintenance. MediaZest has its headquarters in London, whilst Touch Vision, its design and engineering division, is based in Farnham in Surrey. Its customer base includes Adidas, Boots, Chivas, Diesel, L'Oreal, Motorola, Nintendo, Nokia, O2, Shell and Vodafone. MediaZest was admitted to London's AIM market in February 2005. For more information, please visit www.mediazest.com.
Enquiries:
Geoff Robertson, Chief Executive 020 7724 5680 Officer MediaZest Plc
Stuart Lane/Rod Venables, Nominated Adviser 020 7492 4770
Northland Capital Partners Limited
Claire Noyce, Broker 020 7947 4350
Hybridan LLP
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