Re Contract

30 Sep 2009 09:43

30 September 2009

ASG Media plc

("ASG" or the "Company") (AIM: ASG.L)

Advertising Sales Agreement with Vision Media Group (UK) Limited ("VMG")

ASG, the leading digital out of home specialist, announces today it has signed a 12 month agreement with VMG to sell national advertising across its landscape screen Shopping Mall network. 

The contract encompasses the nine shopping malls owned by Capital Shopping Centres, including Lakeside, The Metro Centre and Braehead in Glasgow, and the LED screen and landscape network at Frenchgate in Doncaster.

The agreement increases ASG's national footprint to 56 malls with an annual footfall of 820 million, and includes four of the top five malls in the UK.*

ASG announced on 28 September 2009 that it had received further funding from Neo Media Group SA and that the Company is continuing to seek further funding for its immediate working capital requirements and to support recent new contract wins. 

Gary Truman, CFO of ASG stated "This deal demonstrates not only the regard for which our media sales team is held, but also the increasing level of understanding and cooperation that is emerging between operators in the Digital out of home sector". 

Dominic Brookman, CEO of VMG "The deal allows us to maximise revenues from our current mall network, whilst we focus on the deployment of our Digital six sheet pods." 

*Source: Trevor Wood Associates.

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