3 Oct 2011 07:00
03.10.11
PIVOT ENTERTAINMENT GROUP PLC
("Pivot Entertainment" or "the Group")
Trading Update
Pivot Entertainment Group plc (AIM: PVT), the transatlantic media and entertainment company, is pleased to provide a trading update for the three months to 30 September 2011.
In addition to continuing to work with its normal base of clients in theatre and film, the Group has continued to develop new high profile client relationships that include:
New York
·; The Broadway production of Ghost
·; The Broadway production of One Man, Two Guvnors
·; The Broadway production of A Streetcar Named Desire
·; Hugh Jackman Back on Broadway
·; New York City Opera
London
·; Singin' in the Rain in the West End
·; Broken Glass in the West End
·; Driving Miss Daisy in the West End
·; Paul McCartney - Oceans Kingdom
These new client relationships will begin to impact revenue by Q4 2011 and therefore the new turnover will primarily be reflected next year signaling a strong beginning for 2012.
Also, the Group's London front of house and fascia display operations has performed strongly over the last three months. This included provision of signage for the World Premiere of Harry Potter in Trafalgar & Leicester Squares, Regent Street Christmas lights, Christmas signage for Boots' flagship Oxford Circus store and The Gap's new flagship store in Rome.
Jeremy Barbera, CEO of Pivot Entertainment, says:
"I am pleased to be able to report that the Group has continued to grow its client base, which will have a further positive impact on our turnover. This builds on a successful start to the year in which we have already seen an increase in turnover and a reduction in losses at the interim stage."
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Enquiries:
Pivot Entertainment Corporation Plc
Jeremy Barbera/David Stoller/ Shirley Stapleton Tel: +44 20 79930000
Seymour Pierce Limited
Stewart Dickson/Tom Sheldon (Corporate Finance) Tel: +44 20 71078000
Katie Ratner (Corporate Broking)
XCAP Securities plc
Adrian Kirk / David Lawman (Joint Broker) Tel: +44 207 101 7070
Bishopsgate Communications Limited
Deepali Schneider/Natalie Quinn Tel: +44 20 75623350
pivotentertainment@bishopsgatecommunications.com