Trading Update

29 Jul 2005 10:27

Avanti Screenmedia Group PLC29 July 2005 Avanti Screenmedia Group plc ("Avanti Screenmedia"or "the Company") Trading Update Avanti Screenmedia Group plc ("Avanti") today announces a trading update. Thefinancial year ended on June 30th 2005 with a strong finish with results in linewith market expectations. The Group ended the period with over £3m cash. The Company has made a strong start to the year, experiencing a high level ofinterest in its services, especially in the retail sector. The launch of a newproduct in the leisure sector has also been well received and there are earlysigns that advertising demand for the shopping mall offering is strong. A changing business mix is likely to result in dramatically higher revenues for2006 than was expected, with trading broadly in line with marketexpectations. For further information please contact: David Williams, Chief Executive Avanti Screenmedia Group plc 020 7749 1600Jacqui Graves / Peter Binns Binns & Co PR Ltd 020 7786 9600Mark Percy Seymour Pierce 020 7107 8000 This information is provided by RNS The company news service from the London Stock Exchange