Zoo Digital Regulatory News (ZOO)

23 Apr 2007 07:01

Zoo Digital Group PLC23 April 2007 Embargoed for 7.00am 23 April 2007 ZOO DIGITAL GROUP PLC ("ZOO" or "the Group") TRADING UPDATE ZOO Digital Group today announces an update on trading for the year ended 31 March 2007, ahead of its preliminary results announcement in June. Further to the trading statement on 19 January 2007, the Group's performance is expected to meet revised market expectations for the year ended 31 March 2007 with a cash balance of £2.0 million at the year end. Following an increase in interest for ZOO's products, the Group has continued to strengthen and grow its sales team, employing several highly qualified individuals with extensive business experience and proven track records in the video production industry, including with Technicolor and Warner Home Video. In the first quarter of 2007 the group generated its first revenues from its Templated Authoring System ("TAS"). The Group signed a major Hollywood studio as its first customer for the use of TAS in October 2006. Under this contract, TAS will be used to produce DVD titles and revenues will be derived on a per title basis. This system is now in full production and is generating income which reduces the reliance on interactive DVD's and provides a higher level of recurring revenue throughout the year. Stuart Green, Chief Executive of ZOO Digital Group, commented: "Further to the trading statement in January, we are pleased to report that the Group has had a strong final quarter of the financial year. "We are very excited that our Templated Authoring System is now in full production by a major Hollywood studio. Not only does this demonstrate the advanced DVD technology developed by the Group, but also generates a reliable income stream. We anticipate this contract will open up further opportunities and, combined with our expanded sales team, look forward to the future with confidence." - ends - Enquiries: ZOO Digital Group plc Tel: 0114 241 3700Stuart Green - Chief Executive OfficerHelen Gilder - Group Finance Director KBC Peel Hunt Ltd Tel: 020 7418 8900Patrick Booth-Clibborn Weber Shandwick Financial Tel: 020 7067 0700Chris Lynch/Helen Thomas Notes to Editors ZOO Digital Group ('ZOO') is an innovative software solutions company that helps video publishers and rights owners maximise revenues and profits by exploiting their content across multiple platforms, languages and territories. ZOO has a portfolio of over 60 patents (granted or pending) and a depth of knowledge in digital media processes which has few rivals. ZOO's key products include: Interactive DVD software - world leading tool for creating interactive DVDs. Most of the interactive titles played on any household DVD player are made with ZOO's software. Notable titles include 'Who Wants to be a Millionaire?', 'Question of Sport' and 'Madagascar - Animal Trivia Game'. Linear DVD production software - technology to automate the production of linear (movies & TV shows) digital media. With this automation comes a significant reduction in time-to-value for the intellectual property, as well as radically changing the economies of publishing back catalogues. Multi-language production software - technology to 'localise' text that appears in digital media. This software automates the localisation process for video publishers. Previously, highly-skilled technicians were required to manipulate graphical data. Now, with ZOO's software, text that needs translation is extracted and replaced with corresponding translations - reducing time, errors and labour costs. Template Authoring System (TAS) - TAS has been designed to accommodate currentand future video-based technologies. By dening templates for differentplatforms, alternative versions of the titles - such as HD DVD and Blu-ray Disccan be quickly and easily created using the same system but different assetdata. This information is provided by RNS The company news service from the London Stock Exchange