Mediazest Regulatory News (MDZ)

22 Jun 2006 07:01

MediaZest plc22 June 2006 MediaZest plc ("MediaZest" the "Company" or together with its subsidiaries the "Group") Trading Update The Company is pleased to give shareholders the following update:- In the Chairman's statement in the preliminary results for the year ended 31December 2005 the Company highlighted its advantageous position in the growingin-store marketing arena. MediaZest is continuing to develop its business witha number of notable orders across the Group despite the difficult retailenvironment. The Company has continued to work with its major existing client companies, suchas Motorola and Chivas, whilst adding new customers such as Vodafone, O2,Diageo, Shell, Arsenal Football Club, Procter and Gamble, Dunnhumby, Musgravesand Adidas. The Group has continued to increase its portfolio of licenses and agreements toutilise third party technologies during the current year. Of particular note arethe shelf-edge TV and interactive floor and wall devices that we have recentlylaunched, which are attracting considerable client interest. The Company's relationship with 3M continues to strengthen. The Company hasjointly marketed its tailored solutions at a number of trade events includingthe In-Store Show at Earls Court in June 2006. MediaZest's stand at this showgenerated a lot of interest in respect of our approach towards marketing ourcreative digital media solutions to both brands and agencies alike. Thedirectors of the Company anticipate that this will translate into meaningfulbusiness in the future. Touch Vision Limited, the Company's wholly owned subsidiary, has won a number ofnew contracts this year. One notable success, won against strong tendercompetition, is a new three-year framework agreement for the provision of sales,installation, and maintenance of audiovisual equipment with London South BankUniversity and London Metropolitan University, which currently spend on averagea combined total of £950,000 per annum on their audiovisual requirements, and wewould expect to receive a meaningful proportion of this in revenue. MediaZest has invested heavily in its marketing and sales efforts during thefirst half to meet the anticipated growth in its order book outlined above.Whilst the business is historically second half weighted, the Company has had asatisfactory start to the year and the outlook for the rest of the financialyear remains in line with the directors' expectations. For further information please contact: MediaZest Sean Reel, Chairman and Chief Executive 0845 2079378 M: Communications Nick Fox 020 7153 1540 Eleanor Williamson 020 7153 1539 Notes to Editors MediaZest listed on AIM in February 2005. It is focused on the creative digitalmedia sector and delivers 'one-stop' audio, visual, aroma and content managementto its clients. MediaZest has licences and agreements with leading solutionspartners and in August 2005 it made its first acquisition buying TouchVision, awholly owned subsidiary of Touch Group Plc. TouchVision provides a range ofdigital media solutions for leading companies in the retail, corporate,education and leisure market sectors. MediaZest's management is led by: Chief Executive Sean Reel, a former Boots andIPC executive and Christopher Theis, former head of the small companies teams atHoare Govett and Smith New Court. For further information please visit - www.mediazest.com This information is provided by RNS The company news service from the London Stock Exchange