15 Jan 2008 07:00
YooMedia Plc ("YooMedia" or the "Company") New Customer Agreement
YooMedia Plc, the AIM quoted interactive media and games group announces an agreement with a leader in the market for parking services, NCP Services Limited, to provide its YooPark PCN solution for the payment of penalty charge notices. The YooPark PCN product line is expected to provide over ‚£200,000 of gross profit contribution in the next twelve months to the YooMedia Group.
The YooPark PCN solution is to be implemented by NCP Services for their contract with Brighton & Hove City Council in the south of England and will be integrated with the Council's enforcement database. The new service will provide both interactive voice response and web solutions to enable motorists to pay penalty charge notices issued for parking offences. YooMedia will earn a transaction fee for each payment processed.
This agreement, combined with the contract with Meteor Parking Limited announced in August 2007, indicates that the Company is making significant penetration into the high value car parking market.
Neil MacDonald, CEO, YooMedia Plc, commented:
"This agreement furthers the transformation of YooMedia's business into a leading provider of interactive transaction based products and services. It demonstrates that the Company is able to successfully grow its market share and the proposed integration of Fresh and the strategic repositioning of the enlarged business will strengthen our presence in this sector."
Nigel Coltman, NCP Services' Head of On-Street Operations, commented:
"NCP Services has consistently driven the evolution of the parking industry and our aim is to ensure we constantly improve the service we deliver to local authorities and the public. Today's innovative new arrangement with YooMedia will help us to build on that."
15 January 2008Enquiries:YooMedia PLC +44 (0) 207 462 0870 Neil MacDonald, CEO Nexus Financial Ltd +44 (0) 207 451 7068 Nicholas Nelson/John Mundy Nicholas.nelson@nexusgroup.co.uk Seymour Pierce Limited +44 (0) 207 107 8000 Mark Percy
YOOMEDIA PLC