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Result of AGM

5 Jul 2012 09:20

RNS Number : 9913G
Vianet Group PLC
05 July 2012
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Press Release

5 July 2012

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Vianet Group plc

("Vianet" or "the Group")

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Result of AGM

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Vianet Group plc (AIM:VNET), the leading provider of real time monitoring systems and data management services for the leisure and forecourt services sectors, announces that at the Group's Annual General Meeting held today, all the resolutions put to shareholders were duly passed.Β 

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- Ends -

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Enquiries:

Vianet Group plc

James Dickson, Chief Executive

Tel: +44 (0) 1642 358 800

james.dickson@vianetplc.com

www.vianetplc.com

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Cenkos Securities plc

Stephen Keys / Camilla Hume

Tel: +44 (0) 20 7397 8900

www.cenkos.com

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Media enquiries:

Abchurch Communications

Joanne Shears / Oliver Baxendale

oliver.baxendale@abchurch-group.com

Tel: +44 (0) 207 398 7720

www.abchurch-group.com

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About Vianet

Vianet Group is focused on the provision of real time monitoring systems and data management services for theΒ UK's leisure and petrol forecourt sectors. Since its admission toΒ AIMΒ in 2006, the Group has grown both organically and through a series of strategic acquisitions to give the Group access to key vertical markets. The Group operates two divisions which comprise five key product groups:

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LEISURE DIVISION

Beer Monitoring

(BMS)

The Group's core product, BMS, is widely used by owners and operators within theΒ UKΒ licensed on-trade, especially the tenanted / leased pub sector. Flow meters connected to draught beer dispense lines send data via an on-site communication panel to a secure central database. Liquid volumes by fount, draught wine or post mix are tracked as they are served, thereby helping customers to maximise sales, service and quality as well as managing their costs. BMS is installed in over 18,000 pubs and manages data for more than one in threeΒ UKΒ pubs.

iDraughtTM

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A more recent and rapidly growing product offer is iDraughtTM, an extension of the Group's BMS, which scrutinises the quality of products running through beer lines in a bar; measuring volume, temperature, flow rate and liquid type (e.g. beer, cleaning fluid or water) at the point of dispense. iDraughtTM is the first system to provide effective measurement of true yields on draught products.Β Actual dispense volumes are compared with till transactions to identify shrinkage from products given away, pilferage and wastage. iDraughtTM measures the precise temperature of every pint as it is dispensed, the time taken to dispense each drink, and automatically identifies the liquid allowing customers to know exactly when lines are cleaned. Wherever they are,Β customers can stay in control through accessing their information on a secure web site.Β 

GamingΒ 

Machine Data Services

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The acquisition of Coin Metrics in May 2007 was a strong strategic fit with Vianet's existing Machine Insite business which already provides gaming machine data management and consultancy services to operators within the pub, club and leisure markets. Customers benefit from state-of-the-art real-time data capture and reporting systems that deliver improved machine profitability and operational security.

VendExpertTM

VendingΒ 

Telemetry

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The Group's subsidiary Vianet Limited is a pan-European provider of telemetry solutions and data applications to the vending industry. It provides services for all vending management needs; from operations, sales, field services, national accounts to senior management.

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FUEL SOLUTIONS DIVISION

UKΒ Petrol Forecourt Fuel Asset Management

Services

Vianet Fuel Solutions ("VFS"), supplies key management information and associated services to independent, multi branded owner, and supermarket petrol forecourt operators to ensure they have total visibility and control of their end-to-end business via a single web-based solution.

VFS offers the only one stop shop offering for end-to-end fuel asset management products and services, which allow customers to maximise ROI from fuel stocks and assets which store, control and issue fuels.

Our wet stock analysis provides key management information to independent, multi branded owner, and supermarket petrol forecourt operators helping them to reduce loss of fuel and improve profitability.

VFS is the UK market leader in fuel pump calibration, adjustment and legal verification, and also a leading provider of forecourt audit and compliance services.

Our proprietary web-based contract management solutions for forecourt operations have been designed to significantly simplify management of multiple contractors for both reactive and preventive maintenance, as well as ensuring regulatory compliance in a sector where exemplary control measures are essential. In addition, VFS offers forecourt engineering and project management solutions to a number of forecourt operators.

VFS is the UK distributor for OPW Fuel Management System's tank gauging solutions and also performs tank relining, liquefied petroleum gas and small forecourt service works.

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Headquartered inΒ Stockton-on-Tees, Vianet employs more than 270 people.Β 

For further information, please visitΒ www.vianetplc.com

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This information is provided by RNS
The company news service from the London Stock Exchange
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END
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