SpaceandPeople Regulatory News (SAL)

9 Aug 2007 07:01

SpaceandPeople PLC09 August 2007 Press Release 9 August 2007 SpaceandPeople Plc ("SpaceandPeople" or "the Company") Contract Announcement SpaceandPeople Plc (AIM:SAL), which facilitates and manages the sale ofpromotional space in malls and shopping centres, today announces that it hassigned a five year contract with ECE Projektmanagement GmbH ("ECE") of Hamburgto exclusively manage, market and sell all promotional opportunities initiallyin 55 shopping centers in Germany, this will increase to 67 in 2009. The dealwill see the number of shopping centers that SpaceandPeople manage increase from172 to 227. SpaceandPeople expects that it will be able to start its German operations onthe 1st September 2007. ECE is a leading European shopping centre business and has been developing,planning, building, leasing and managing shopping centres since 1965. Theshopping centres that SpaceandPeople will manage for ECE are almost exclusivelyprestigious inner city venues within Germany's major cities and have largefootfalls in excess of 13 million per week combined. Commenting on the deal Matthew Bending, Joint CEO of SpaceandPeople said: "This contract is important. In addition to adding 55 new centers to ourportfolio, it allows SpaceandPeople to export its unique business model toEurope's largest market. We are delighted that ECE, a market leader hasrecognised SpaceandPeople's expertise in mall promotions and we look forward toworking with them at this exciting stage of our markets development." - Ends - Enquiries: SpaceandPeople Plc Matthew Bending Tel: +44 (0) 705 900 3134 matthew.bending@spaceandpeople.com www.spaceandpeople.com JMFinn Capital Markets Clive Carver Tel: +44 (0) 203 207 3212 c.ccarver@finncapitalmarkets.com www.jmfinn.com Media enquiries: Abchurch Charlie Jack / Emma Johnson Tel: +44 (0) 207 398 7706 charlie.jack@abchurch-group.com www.abchurch-group.com Notes to Editors SpaceandPeople Plc (SAL.L) is a leading B2B provider which markets, sells andadministers promotional space in a variety of high footfall venues across theUK. The Company was founded in 2001 with the aim to enable shopping centreprofessionals to centrally market, administer, promote and sell theirpromotional mall space in an easily accessible and profitable way. The team isin constant dialogue with the UK's biggest brand owners, field marketing, PR andsales promotion agencies to increase occupancy and the quality of promotions invenues. The Company's website, which is the UK's most comprehensive sales database ofShopping Centre mall space and its dedicated call centre allows advertisers andbrands to book space for short-term retailing and experiential marketingpromotions on a national basis. The service also aids management control,minimises paperwork and releases administration on site. SpaceandPeople listed on the AIM market in November 2004 and is included in theFTSE Media sector. Turnover for the year ended October 2006 increased by 37%,to £1.9 million, generating a 48% increase in profit before tax to £455,000. The combined footfall in SpaceandPeople's venue portfolio is now in excess of 40million people a week in over 230 venues Europe wide. Further information on SpaceandPeople Plc can be found at www.spaceandpeople.com About ECE Projektmanagement GmbH ("ECE") ECE has been developing, planning, building, leasing and managing shoppingcentres since 1965. With a total of 90 shopping centres under management inEurope of which 67 are in Germany the company is the European market leader inthe shopping centre sector. ECE specialise in creating each centre as a highlycomplex and unique project. Its tailored architectural designs range from historically oriented tofuturistic are developed by more than 300 experienced ECE architects andconstruction engineers, as well as cooperating with star architects likeProfessor Dr. Gunter Henn or Renzo Piano. The sensitive and unique way itintegrates shopping centres in the city centre environment takes full account oflocal interests and the existing local settings. This information is provided by RNS The company news service from the London Stock Exchange