Avanti wins Award

7 Feb 2005 09:37

Avanti Screenmedia Group PLC07 February 2005 For release 7th February 2005 Avanti Screenmedia Group Plc ("Avanti") Wins "Media Momentum Stars" Award for 'Growth potential and Management' Avanti, the market leading provider of retail television services to high streetretail and bar market clients, is pleased to announce that it was chosen as oneof the top five UK "Media Momentum Stars", selected for exceptional growthpotential and management, last Friday, 4th February 2005 at the annual MediaMomentum Awards. It was hosted by venture capitalist GP Capital, in associationwith the Barclays Media Team and Olswang. Avanti was rated for its "strength of management and packaged offering" and wasthe only AIM-quoted company to receive this award. Others in this category,sponsored by Barclays Bank and Olswang, were Espotting, Inspired BroadcastNetworks, Opera Telecom and Zone Vision. The judges were from a panel ofindustry experts, including Robert Leach, Head of Interactive BskyB, NickHorswell, Founder of PHD and Jon Farley, Head of the National Barclays Media SMEteam. Commenting, David WIlliams, Avanti Chief Executive said "We are obviouslygrowing fast, but it is nice to be singled out by such an eminent panel ofjudges for special recognition. It also marks the next step in the coming ofage as screenmedia as a large market in its own right. We are the onlyscreenmedia company in the list of top 50 fast growing media companies, whichfurther underlines our leadership position in this exciting new space." At the Media Momentum Awards, GP Capital also announced the 50 fastest growingmedia companies, in which Avanti ranked eleventh, given its reported revenuegrowth for the year 2002-2003 of 199%. GP Capital partner, Manish Madhvani, said: "We are delighted to announce the top50 as they not only represent the future of the UK media industry but areexciting examples of companies at the forefront of innovation. Despite a toughenvironment for the media sector, these 50 companies successfully grew theirrevenue base by an average of 149% in a 1 year period. It was interesting to seethe list draw upon leading companies from areas as diverse as music albumcompilations and digital MP3 terminals to Chelsea FC's media sales agency andleading international broadcasters. The results also indicate certain emergingindustry sectors - internet advertising, and mobile content being ones to watchfor 2005." Media Momentum Stars - Selected for "Exceptional Growth Potential" Company Name Judges particularly impressed with: Espotting Unbelievable growth and execution Inspired Broadcast Innovative nature of products and inspirational managementNetworks style Opera Telecom Company's ability to combine media and technology to create compelling content and service Avanti Strength of management team and packaged offeringScreenmedia Zone Vision For impressive international expansion ENDS For further information contact: Avanti Screenmedia Group plc David Williams, Chief Executive 0207 749 1600 Binns & Co PR Ltd Peter Binns, Jacqui Graves, Hannah Sloane 020 7786 9600 About Avanti Screenmedia: Avanti was established in 1996 and is the leading supplier of retail televisionservices to high street retail and bar market clients. Described by Avanti as"screenmedia", this market is rapidly expanding as companies recognise theadvantages of adopting their own TV channels to promote their brands andproducts, entertain customers and generate advertising revenue. Avanti offers a one-stop shop service including channel strategy, contentproduction, media distribution, advertising sales and research. About GP Capital: GP Capital is an entrepreneurial corporate finance boutique specialising in thetechnology and media sectors. It was founded in 2001 with a mission toprofessionalise the provision of corporate finance services to high growthcompanies. Since 2001 the GP Capital team has successfully completed 23 venturecapital and M&A transactions. GP Capital has developed an unmatched reputationfor delivering, with over 75% of its mandates reaching a successful conclusionin 2003/04. This information is provided by RNS The company news service from the London Stock Exchange