Business
Boomerang wins contract with
Boomerang wins contract with.
About this update from Audioboom Group Plc
[{"type":"text","content":"\n RNS Number : 4772B Boomerang Plus PLC 28 October 2009 \n \n\n\nDate: 28 October 2009\nOn behalf of: Boomerang Plus plc ('Boomerang' or 'the Group') \nEmbargoed until: 0700hrs\n\n\nBoomerang Plus plc \nBoomerang wins four year contract with S4C worth £3.2 million\n\nBoomerang Plus plc (AIM: BOOM.L), a multi-genre, independent television production group based in Cardiff, is pleased to announce that it has won, in open competition, the tender to film and broadcast events from the Royal Welsh Showground. Boomerang is the incumbent provider.\n\nThe contract, worth £800,000 per annum, will run for four years, from 2010 to 2014 and include broadcasts from the Royal Welsh Agricultural Show, Winter Fair and Smallholder and Garden Festival. First revenues from the contract will be recognised in the financial year ending 31 May 2010. \n\nThis contract was not included in the £42.9 million programming pipeline announced in the Company's preliminary results on 26 October 2009.\n\n\n\nCommenting on the contract, Huw Eurig Davies, CEO of Boomerang Plus, said: \n\n\"We are very pleased to renew the Royal Welsh Showground contract with S4C. We have successfully demonstrated our ability to produce high quality programming from the Royal Welsh Showground and look forward to continuing this in the future, a relationship that we value greatly.\n\n\"This contract adds to our existing strong pipeline of revenue, further boosting the Group's visibility going forward.\" \n\n\n\n- Ends -\n\nFor further information, please contact:\n\n\n\n\n\nBoomerang Plus plc \n\n\nVia Redleaf Communications \n\n\n\n\nHuw Eurig Davies, Chief Executive\n\n\n\n\n\n\n\nMark Fenwick, Finance Director\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\nRedleaf Communications\n\n\n020 7566 6731\n\n\n\n\nAnna Dunkin/ Samantha Robbins\n\n\[email protected]&nb...