ACCESSO TECHNOLOGY GROUP PLC

M&A Activity • Aug 12, 2014

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RNS Number : 8307O

Accesso Technology Group PLC

12 August 2014

12 August 2014

accesso® Technology Group plc

("accesso" or the "Group")

Partnership Agreement

- accesso signs partnership agreement with Vision Works Global -

- Agreement with South Korean firm expands accesso's growth opportunities in Asia -

accesso® Technology Group plc (AIM: ACSO), the premier technology solutions provider to the global attractions and leisure industry, today announces that it has signed a three year partnership agreement with Vision Works Global to help facilitate accesso's expansion into the fast-growing South Korean theme park market.

Vision Works Global provides consulting, deal structuring and brokering, and new business development for a range of location-based entertainment projects in South Korea. The Company's extensive professional contacts will enable accesso to expand its virtual queuing solutions into the country's rapidly evolving attractions industry.

South Korea's theme park and entertainment services market continues to attract significant interest from developers with the top theme parks in the country enjoying attendance increases of 10 per cent.  The country's investment in theme parks and destination resorts is helping attract visitors from Southeast Asia and Mainland China, regions that continue to benefit from an increase in disposable income.  

Commenting on the agreement, Tom Burnet, Chief Executive Officer of accesso said:

"This partnership represents another significant milestone for our Company as we look to extend our presence in the important Asian market. The theme park and attractions industry in South Korea has abundant opportunity for growth and expansion, and has also reached a level of maturity where operators are placing a greater emphasis on the guest experience and revenue optimisation. Our innovative technologies, particularly those that are mobile-centric, partnered with Vision Work Global's local knowledge and industry expertise, will enable us to make a greater impact across the region."

Jin Wook Choi, CEO of Vision Works Global, said:

"The monetisationof queue lines is a revolutionary concept for many of our clients particularly in terms of driving additional revenue streams. We have also noticed a trend of attractions taking pain staking efforts during the planning and design phase in order to ensure an improved overall guest experience. Accesso's innovative technology helps our clients realisethese ambitions which is why we're excited to be working together to take this partnership forward."

For further information, please contact:

accesso Technology Group plc	+44 (0)118 934 7400
Tom Burnet, Chief Executive Officer
John Alder, Chief Financial Officer
FTI Consulting, LLP	+44 (0)20 3727 1000
Matt Dixon, Lucy Delaney, Jessica Liebmann
Canaccord Genuity Limited	+44 (0)20 7523 8000
Simon Bridges, Cameron Duncan, Brendan Gulston
Numis Securities Limited	+44 (0)20 7260 1000
Etienne Bottari, Simon Willis, Mark Lander

accesso® Technology Group: about us

accesso (AIM: ACSO) is the premier technology solutions provider to the global attractions and leisure industry. Our patented and award-winning solutions drive increased revenue for attraction operators by significantly improving the most important part of an attraction visit: the guest experience.  Our solutions add value to operators at every point in the guest journey:

·      We drive attendance

The accesso Passport® ticketing suite is a comprehensive, easy-to-use cloud solution that processes many millions of ticket and season passes every year, enabling operators to maximise up-sell and cross-sell with ease to drive greater revenue.

·      We handle payments

Our payment gateway carries level 1 PCI security certification and 24/7 support.  It provides the tools, security and support operators need to drive sales and has so far processed more than $5 billion in transactions.

·      We take guests out of line

Since 2001 over nine million guests have used a patented accesso LoQueueSM solution to queue less, ride more, enjoy a better experience and increase their in-attraction spend.

·      We simplify point-of-sale

We offer a comprehensive point-of-sale solution through software modules combine ticketing, membership, retail, food/beverage transactions, rentals, credit card processing and many other functions into in a single system eliminating the need for separate systems and databases.

·      We increase engagement

accesso enables operators to engage more deeply and profitably with guests: pre-sale, in-attraction or post-visit.  Our mobile apps have provided more than 2.75 million people with rich iOS and Android content to better plan their visit, buy their ticket on-the-go and unlock new experiences within an attraction. 

Over 400 attractions worldwide currently employ accesso technology - from theme parks and water parks, to cultural attractions, sporting events, and ski and snow parks.  We are proud that our solutions are trusted by the majority of the leading names in the leisure industry, including Six Flags Entertainment, Cedar Fair Entertainment, Merlin Entertainments, International Speedway Corporation, Palace Entertainment, Compagnie des Alpes, and Herschend Family Entertainment.

accesso is a public company, listed on AIM: a market operated by the London Stock Exchange.

For more information visit www.accesso.com 

About Vision Works Global

Vision Works Global is a location-based entertainment consultant that offers a range of services to the theme park and attractions industry.  Based in Seoul, South Korea, Vision Works Global provides new business development, and brokers deals and projects for theme parks, amusement parks, standalone entertainment centres, water parks, retail entertainment facilities, zoos, aquariums, and indoor children and family entertainment centres.

For more information visit http://www.visionworks.co.kr/main/eng.php.

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