MEDIAZEST PLC

Regulatory Filings • Mar 10, 2015

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MEDIAZEST PLC - Contract extension

PR Newswire

London, March 10

                             MediaZest Plc               ("MediaZest", the "Company" or "Group"; AIM: MDZ)           Contract extension for MediaZest Retail Analytics productMediaZest, the creative out-of-home audio-visual company, is pleased toannounce an extension of the contract for its retail data gathering product,"MediaZest Retail Analytics" originally announced in November 2014.Following successful early months with this product, the contract has beenextended by the client through to February 2016. Although the revenue streamfrom this extension is relatively small for a single site, it is ofsignificance that the system reports have been deemed sufficiently desirable towarrant contract extension at this early stage of development. Extension of thecontract demonstrates the scope for this product to generate additional streamsof recurring revenue for the Group.The Company will further promote the offering, along with its other services,at the Retail Design Expo which is being held at London Olympia this comingweek. The Group is exhibiting in conjunction with SFD Ltd following asuccessful strategic partnership established in early 2014 which has alreadyincluded a joint exhibition at Euroshop in Dusseldorf in February 2014.Chief Executive, Geoff Robertson, said "Extending the existing contract is ofgreat significance as it demonstrates the value of the product and that it isdelivering the big data information we expected with sufficient accuracy.As a retail focussed business, December and January are often quiet periods dueto Christmas and Sale activity respectively in stores during those times. Asthe year gathers momentum and based on current discussions, we expect toannounce further project wins in all of our core product areas with existingcustomers as well as several significant new clients."Enquiries:Geoff RobertsonChief Executive OfficerMediaZest Plc     020 7724 5680Edward Hutton / David HignellNominated AdviserNorthland Capital Partners Limited     020 7382 1100Claire Noyce / William Lynne / Niall PearsonBrokerHybridan LLP    020 3713 4581 / 4582 / 4583Notes to Editors:About MediaZestMediaZest is a creative media agency and audio visual systems integrator thatspecialises in providing innovative marketing solutions to leading retailers,brand owners and corporations, but also works in the public sector in both theNHS and Education markets. The Group supplies an integrated service fromcontent creation and system design to installation, technical support andmaintenance. MediaZest was admitted to the London Stock Exchange's AIM marketin February 2005. For more information, please visit www.mediazest.com