MediaZest updates on business wins

MediaZest, the creative digital audio visual company, has issued an update to shareholders with more detail on recent business wins.

The group has confirmed that the new Rockar project noted in the results announcement of 12 August 2016 relates to audio visual design, build and installation services at their new showroom at Westfield Stratford in collaboration with Jaguar Land Rover.

This follows previous work with Rockar in conjunction with Hyundai, which began in 2014, with a first physical site at Bluewater shopping centre in Kent followed by a second Rockar-branded store in Westfield Stratford – a project for which the Company also completed the audio visual design, build and installation services.

Separate to this, the company is pleased to announce over £250,000 of new business wins secured since 12 August.

Chief executive Geoff Robertson said: “It is fantastic to work with another prestigious brand alongside Rockar, and we are incredibly proud of the work we have done with them. We are looking forward to completing this new project with Rockar and Jaguar Land Rover.

“It has been very pleasing to also confirm the additional new business wins, during what is historically a quiet period due to holidays. In particular, several new service and maintenance support contracts are further helping us to generate material growth in recurring revenues. The combined effect has been continued improvement in results and the Company’s cash position.”

At 4:01pm: (LON:MDZ) MediaZest PLC share price was +0.04p at 0.17p

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