Mediazest Regulatory News (MDZ)

22 Dec 2005 10:04

MediaZest plc22 December 2005 MediaZest Plc (the "Company" or "MediaZest") Trading Update The Board is pleased to announce that the Company has today signed an agreementwith 3M United Kingdom PLC ("3M") whereby MediaZest and 3M will be given accessrights to the each other's technologies to jointly present solutions tocustomers within the digital signage and in-store media markets. Additionally the Board of the Company is pleased to give the following tradingupdate to shareholders:- During the second half of the year, MediaZest has grown organically and hasbenefited from the contribution and synergies from its acquisition of TouchVision Limited in September 2005. Since 1 July 2005, MediaZest has worked with a number of leading retailers andbrand owners including C&A in Germany and Motorola in the United States. Asuccessful trial of its licensed Whispering Window technology has been completedwith a leading UK pharmacy chain which has delivered substantial sales increasesto the pharmacy chain. MediaZest has been invited to tender for a number ofsignificant new projects, certain of which notably on a sole bidder basis. Sean Reel, Chief Executive said: "Our businesses are making good progress,operationally and financially and as a result are on target to meet the Boardsexpectations for 2005. The Company also has a strong pipeline moving into 2006. We are moving swiftly with the integration of Touch Vision Limited, which willhelp take the Group forward in its chosen markets. Overall, the Board remainsconfident about the outlook for MediaZest as a whole." This information is provided by RNS The company news service from the London Stock Exchange