Mediazest Regulatory News (MDZ)

MediaZest Plc ("MediaZest", the "Company" or "Group"; AIM: MDZ) New Business Update MediaZest, the creative audio-visual company, is pleased to provideshareholders with a update on new business confirmed for delivery in thecalendar year 2015. The Group has continued to execute its strategy as set out previously, namely: * Maximise opportunities by focussing the Group's marketing and sales efforts to acquire and develop business with large scale customers with potential of rolling out digital signage in multiple locations; * Improve the Group's recurring revenue streams through different managed service offerings; * Develop proprietary products such as MediaZest Retail Analytics which can generate intellectual property on the balance sheet and provide ongoing revenue streams; * Market the Group's `one stop shop' positioning to a wide range of global retailers in conjunction with existing partners. Progress on all these fronts has been made in the first quarter of calendaryear 2015. Sales and New customers Following successful projects in 2014, ongoing work continues with clients suchas Samsung, Kuoni, HMV, Churchill Retirement Homes, ETC Venues, Belstaff andHyundai / Rockar. The education sector continues to be well represented with delivery of a largemulti-room installation project at University of London continuing and expectedto complete in April 2015 with a project value of in excess of £150,000. Otherorders from key clients in this sector total nearly £200,000. The deployment of the Hyundai / Rockar innovative showroom in Bluewater isleading to a number of additional opportunities with both parties. Some ofthese are ongoing revenue streams bringing additional work in the first fourmonths of 2015. The Board believe that this project will ultimately generatefurther substantial revenues for the Group with both clients in the first halfof the Group's financial year ending 31 March 2016 and beyond. The Group has continued to work with Pfizer providing marketing services atevents around the globe. Recent successful events have been delivered in Turin,New York, Berlin, Dublin and Las Vegas, with MediaZest technology and supportat each. More events are to follow, including UK based activity, starting inApril. Over the past 18 months, the Group has invested considerable time and effort todevelop an opportunity with one of the UK's largest retailers. Following asuccessful concept store project in Summer 2014, this has now led to anopportunity to demonstrate how MediaZest can use technology to transform andimprove customer journey and experience in the retail store. Deployment willinclude the Company's full managed service offering and, subject to successfulperformance, could lead to extremely large additional opportunities for theGroup over an extended period of time. Due to client confidentiality about theproject, the Company has been asked not to reveal details until it is formallyreleased into the public domain. The Group expects to be in a position toreveal further details of this project when it is launched later this quarter. Brand new clients in the period include Ted Baker, American Eagle, The Mall andAcuvue with several additional new customers expected to be confirmed in thenext quarter from existing pipeline opportunities. Total initial revenues generated from just the aforementioned projects alonetotal almost £1million of new work recognised in calendar year 2015 withongoing or additional projects for many of them already confirmed for later inthat year. Approximately 60% of the revenue from these new wins is expected tobe recognised in the financial year beginning 1 April 2015. Recurring Revenue Streams and MediaZest Retail Analytics To increase recurring revenue streams, the Group has renewed focus andpromotion of its consulting, content management and content creation skills.Being able to offer this as a managed service, combined with installation,integration and service and maintenance offerings, has proven successful inrecent weeks, particularly with clients looking to deploy digital signage forthe first time. The Group continues to promote the Retail Analytics product and with successfuldeployment and renewal now achieved it has demonstrated this in the publicdomain for the first time, at the Retail Design Expo at the beginning of March2015. Now the system has been tested and verified by a client in a live environment,new customers have been sought. It is the Board's expectation that, given thenature of this work, some clients will initially trial the system beforecommitting to projects. Two new clients have already been confirmed to trialthis over the next few months and the Group will report further on progress inthis area in due course. Enquiries: Geoff RobertsonChief Executive OfficerMediaZest Plc 020 7724 5680 Edward Hutton / David HignellNominated AdviserNorthland Capital Partners Limited 020 7382 1100 Claire Noyce / William Lynne / Niall PearsonBrokerHybridan LLP 020 3713 4581 / 4582 / 4583 Notes to Editors: About MediaZest MediaZest is a creative media agency and audio visual systems integrator thatspecialises in providing innovative marketing solutions to leading retailers,brand owners and corporations, but also works in the public sector in both theNHS and Education markets. The Group supplies an integrated service fromcontent creation and system design to installation, technical support andmaintenance. MediaZest was admitted to the London Stock Exchange's AIM marketin February 2005. For more information, please visit www.mediazest.com