MDZ.L

MediaZest Plc
MediaZest Plc - Further £500,000 in new orders secured
15th July 2024, 06:00
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15 July 2024

This announcement contains inside information for the purposes of Article 7 of
the Market Abuse Regulation (EU) 596/2014 as it forms partof UK domestic law by
virtue of the European Union (Withdrawal) Act 2018 ("MAR"), and is disclosed in
accordance with the Company's obligations under Article 17 of MAR.

MediaZest Plc

("MediaZest", the "Company", or the "Group")

Further £500,000 in new orders secured

Existing clients continue to roll-out digital signage across multiple sites

Initial project win for digital currency screens "proof of concept"

MediaZest plc (AIM: MDZ), the creative audio-visual solutions provider,
announces it has secured an additional £500,000 of new business over the past
two months, with existing key customers continuing to roll-out digital signage
installations across multiple sites in the UK and Europe, and a new client
initiating a "proof of concept" project to supply digital currency screens in UK
high street locations.

Projects undertaken for existing clients include a further roll-out of new
digital signage across eight UK Pets at Home stores, a further three
installations in Lululemon Athletica stores in Oslo, Stockholm and Berlin, and
additional Kia dealerships in Europe.

The new client project win is an initial three month "proof of concept" contract
to install digital currency screens and content management software across a
number of UK locations. If the project is successful in demonstrating digital
signage as an effective alternative to the current static displays, there is the
opportunity for MediaZest to expand this engagement.

As a result of these wins, the Company remains on track to deliver year-on-year
organic revenue growth and continues to target a return to profitability. The
substantial increase in recent project wins has also significantly improved cash
generation in the second half of MediaZest's financial year.

Geoff Robertson, Group Chief Executive, commented: "We are so pleased to be
building momentum with existing clients; their desire to expand digital signage
into new locations is testament to the success of these current projects.

"We are also delighted to be working with new clients as they begin their
journey with digital signage. The Group's vast experience and ability to fulfil
all elements of a project from content creation plus design and build services,
through to installation and then ongoing support and maintenance across the UK,
Europe, and in some instances globally, is proving attractive.

"The contracts announced today demonstrate the Group's ability to successfully
convert its pipeline into revenue-generating deals with long term substantial
growth opportunities. We remain encouraged by recent progress and our ability to
continue to build value in the business."

For further information please contact:

MediaZest Plc           www.mediazest.com
Geoff Robertson,        via Walbrook PR
Chief Executive
Officer

SP Angel Corporate      Tel: +44 (0)20 3470 0470
Finance LLP (Nomad)
David Hignell / Adam
Cowl

Hybridan LLP            Tel: +44 (0)20 3764 2341
(Corporate Broker)
Claire Noyce

Walbrook PR (Media &  Tel: +44 (0)20 7933 8780 or mediazest@walbrookpr.com
Investor Relations)
Paul McManus /          Mob: +44 (0)7980 541 893 / +44 (0)7884 664 686 /
Charlotte Edgar /
                        +44 (0)7407 804 654
Alice Woodings

About MediaZest (www.mediazest.com)

MediaZest is a creative audio-visual solutions provider that specialises in
delivering innovative digital signage and audio systems to leading retailers,
brand owners and corporations. The Group offers an integrated service from
content creation and system design to installation, technical support, and
maintenance. MediaZest was admitted to the London Stock Exchange's AIM in
February 2005.

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