Milestone Group PLC Milestone Group Plc : Joint Venture Signed

 
TIDMMSG 
 
 
   MILESTONE GROUP PLC 
 
   ("Milestone" or the "Company") 
 
   Joint Venture Signed 
 
   Milestone (AIM:MSG), the AIM quoted provider of digital media and 
technology, announces that, further to the announcement made on 12 
February 2018, the Company has entered into a Joint Venture Agreement 
with Martin Heath. 
 
   The Joint Venture (the "JV") will trade under the name Trust in Media 
Ltd. 
 
   The purpose of the JV is to produce payment processing, copyright and 
intellectual property solutions, initially within the Media industry, 
utilising a combination of private and public blockchain technologies. 
The backbone of the solution will be based upon proven Mutual 
Distributed Ledger technology platforms provided by Z/Yen Group Limited 
and will utilise the expertise of Global Currency Exchange Network Ltd 
with regards to currency transactions. 
 
   The JV will also license marketing and analytical technologies from Seed 
Media Ltd. 
 
   Milestone Group will own 50.5% of the Joint Venture, with the remainder 
owned by Martin Heath. Milestone Group will receive 50.0% of the net 
profits created by the JV. 
 
   Tony Sanders CEO Milestone commented: "Milestone Group welcomes this 
latest revenue enhancing JV, as well as the implied expectation of a 
material uplift in shareholder value in due course." 
 
   For further information: 
 
 
 
 
Milestone Group PLC                              Tel: 020 7929 7826 
 Tony Sanders 
Cairn Financial Advisers LLP, Nominated Adviser  Tel: 020 7213 0880 
 Liam Murray / Jo Turner 
Hybridan LLP, Broker                             Tel: 020 3764 2341 
 Claire Louise Noyce 
 
 
 
   This announcement is distributed by Nasdaq Corporate Solutions on behalf 
of Nasdaq Corporate Solutions clients. 
 
   The issuer of this announcement warrants that they are solely 
responsible for the content, accuracy and originality of the information 
contained therein. 
 
   Source: Milestone Group PLC via Globenewswire 
 
 
  http://www.milestonegroup.co.uk/

(END) Dow Jones Newswires

March 26, 2018 08:59 ET (12:59 GMT)

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