Mediazest Regulatory News (MDZ)

25 Nov 2010 14:58

For Immediate Release25 November 2010 MediaZest Plc Contract Win

MediaZest Plc ("MediaZest" or "the Group"; AIM: MDZ), the creative digital out-of-home advertising company and audio-visual ("AV") integrator, announces that its wholly owned subsidiary, TouchVision Limited, has been successful in tendering for a number of specific Lots under the following Inter-Regional AV Equipment Framework Agreement ("Framework Agreement").

The Framework Agreement will run for a term of three years, 2 November 2010 to 1 November 2013, with provision for an extension of a further year. The Framework Agreement covers four purchasing consortia:

* Higher Education Purchasing Consortium, Wales ("HEPCW") - comprising 12 members * Value Wales - comprises 122 member institutions and includes public sector bodies such as Companies House, the DVLA and the Food Standards Agency, as well as a number of Educational institutions * London Universities Purchasing Consortium ("LUPC") - comprising 68 full member institutions * Southern Universities Purchasing Consortium ("SUPC") - comprising 112 member institutions

The Lots which TouchVision has successfully tendered for are as follows:

AV equipment supply only - for HEPCW, Value Wales, LUPC, SUPC. This Lot has an estimated annual value of £2million and TouchVision is one of five companies to have been successful in tendering for this Lot.

AV presentation systems, equipment and services (including design, supply and installation) - for HEPCW, Value Wales and LUPC. The HEPCW and Value Wales element has an estimated annual value of £1million and Touch Vision is one of eleven companies to have been successful in tendering for this Lot. The LUPC element of this Lot has an estimated annual value of an additional £2.5million and TouchVision is one of nine companies to have been successful in tendering for this section of the Lot.

Supply of projector lamps - for all four purchasing consortia. This Lot has an estimated annual value of £2million. TouchVision is one of four companies to have been successful in tendering for this Lot.

The expected total annual spend by the consortia in respect of the Lots to which TouchVision has been appointed is £7.5million.

Geoff Robertson, CEO of MediaZest, commented:

"TouchVision is excited to be joining the tender framework of these prestigious buying consortia for the first time. The company has historically worked with several of the member institutions over the last 35 years under separate agreements and looks forward to continuing this work through the Inter-regional AV Equipment Framework Agreement. We recognise this is a challenging time for public sector bodies including the Educational sector in the UK but believe we can add significant value to the institutions covered under the tender to help them meet cost saving targets whilst providing a first class learning environment for students, a first class teaching environment for academic staff or a first class working environment for stakeholders.

This is a great opportunity for our business and we are committed to working hard with all members of the consortia to mutual benefit."

Notes to Editors:

About MediaZest

The MediaZest Group has two specialist divisions. MediaZest Ventures is a creative media agency that specialises in providing innovative out-of-home marketing solutions to leading brand owners and retailers. It supplies an integrated service from concept design, content creation and system design to installation, technical support and maintenance and is headquartered in London. TouchVision, its engineering offering, is based in Farnham in Surrey. It is an audio visual systems integrator with over 35 years of high quality engineering experience, primarily in the Education/Public Sector, Retail and Corporate sectors. MediaZest was admitted to London's AIM market in February 2005. For more information, please visit www.mediazest.com and www.touchvision.tv.

Enquiries:

Geoff Robertson, Chief Executive 020 7724 5680 Officer MediaZest Plc

Stuart Lane/Rod Venables, Nominated Adviser 020 7492 4750

Northland Capital Partners Limited

Claire Noyce, Broker 020 7947 4350

Hybridan LLP