18 November 2024
This
announcement contains inside information for the purposes of
Article 7 of the Market Abuse Regulation (EU) 596/2014 as it forms
part of
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”)
Supply
of digital currency boards for First Rate Exchange in post
offices
50 installations now complete as part of “proof of
concept” project
MediaZest
plc (AIM: MDZ), the creative audio-visual solutions provider,
announces that it has completed installation for an initial “proof
of concept” project to supply digital currency boards in 50 UK Post
Office branches.
In
July 2024, the Company announced an
engagement with a new client to initiate a “proof of concept”
project to supply digital currency screens, although at the time
the customer and the specifics of the project were not disclosed.
The Company can now confirm that it has signed a service agreement
contract with First Rate Exchange Services Limited (“First Rate”)
for this project, and that digital signage boards have now been
installed in all 50 Post Office locations over the last three
months.
The
digital signage boards will offer Post Office customers daily live
exchange rates, supporting marketing materials and offers relating
to Post Office’s foreign currency exchange services.
If the
project is successful in demonstrating digital currency boards as
an effective alternative to the current static displays, the
Directors expect there to be an opportunity for MediaZest to expand
this engagement. First Rate currently provides rate boards to
approximately 1,500 Post Office branches and supply currency
exchange services to a range of clients including John Lewis, Hays Travel, and TUI. For further
information visit: https://www.firstrate.co.uk/clients/
Geoff Robertson, MediaZest Plc Chief Executive,
commented: “This
is another great opportunity for us to showcase the value of
digital signage within a broad range of retail and consumer
markets. First Rate is an excellent partner to work with and we are
confident that the shift to new digital currency screens will
further improve the way that foreign currency services are provided
to First Rates’s clients and ultimately to their
customers.
“The
implementation of this ‘proof of concept’ project has gone very
well over the last few months. We will evaluate the results along
with First Rate, and look forward to discussing the potential for a
wider roll out if these results are as positive as we
expect.”
For
further information please contact:
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MediaZest
Plc
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www.mediazest.com
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Geoff
Robertson, Chief Executive Officer
|
via
Walbrook PR
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SP
Angel Corporate Finance LLP (Nomad)
|
Tel:
+44 (0)20 3470 0470
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David
Hignell / Adam Cowl
|
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Hybridan
LLP (Corporate Broker)
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Tel:
+44 (0)20 3764 2341
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Claire
Noyce
|
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Walbrook
PR (Media & Investor Relations)
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Tel:
+44 (0)20 7933 8780 or
mediazest@walbrookpr.com
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Paul
McManus / Lianne Applegarth
Alice
Woodings
|
Mob: +44
(0)7980 541 893 / +44 (0)7584 391 303/
+44
(0)7407 804 654
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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.
MediaZest’s
new AIM rule 26 investor site is now available to view on the
Company website here:
https://www.mediazest.com/about/investor-relations/
