MediaZest plc
22 December 2005
MediaZest Plc (the 'Company' or 'MediaZest')
Trading Update
The Board is pleased to announce that the Company has today signed an agreement
with 3M United Kingdom PLC ('3M') whereby MediaZest and 3M will be given access
rights to the each other's technologies to jointly present solutions to
customers within the digital signage and in-store media markets.
Additionally the Board of the Company is pleased to give the following trading
update to shareholders:-
During the second half of the year, MediaZest has grown organically and has
benefited from the contribution and synergies from its acquisition of Touch
Vision Limited in September 2005.
Since 1 July 2005, MediaZest has worked with a number of leading retailers and
brand owners including C&A in Germany and Motorola in the United States. A
successful trial of its licensed Whispering Window technology has been completed
with a leading UK pharmacy chain which has delivered substantial sales increases
to the pharmacy chain. MediaZest has been invited to tender for a number of
significant new projects, certain of which notably on a sole bidder basis.
Sean Reel, Chief Executive said: 'Our businesses are making good progress,
operationally and financially and as a result are on target to meet the Boards
expectations for 2005. The Company also has a strong pipeline moving into 2006.
We are moving swiftly with the integration of Touch Vision Limited, which will
help take the Group forward in its chosen markets. Overall, the Board remains
confident about the outlook for MediaZest as a whole.'
This information is provided by RNS
The company news service from the London Stock Exchange