Trading Statement
2008年1月11日 - 4:01PM
RNSを含む英国規制内ニュース (英語)
11th January 2008
VENUE SOLUTIONS HOLDINGS PLC
PRE-CLOSE STATEMENT
Venue Solutions Holdings Plc's ("Venue Solutions" or the "Company") financial
year ended on 30th November 2007 and the financial results will be published in
March 2008. 2007 was a year of further growth for the Group, turnover has
increased due to projects in partnership with Sony as well as repeat business
from existing customers - a testament to the Company's customer service
philosophy.
Losses for the year will be greater than anticipated due to the further
consolidation into the Company of YourDay Inc. ("YourDay") and two significant
contracts which were originally expected by the Company to be reflected in the
2007 year results but which have slipped into the current 2008 year end. One of
these is the Venue Solutions Limited installation at the Printworks urban mall
in Manchester which is currently being delivered. The other contract which
relates to a Sony installation is expected to be signed imminently. The 2007
financial year saw the Group investing in businesses and new products which are
expected to realise increased revenues and contributions during the current
financial year.
Since the financial year end, Venue Solutions has secured further contracts
with existing clients Savills, Chesterton, Riva Gaming, Vue Cinemas and Serious
Games Institute. Additionally, Venue Solutions has won prestigious projects
with the UK's home of motor racing, The Silverstone Circuit in
Northamptonshire, The Royal Albert Hall and The Pinewood Studios Group
supporting its launch of Project Pinewood, one of the most unique and ambitious
projects ever undertaken in the UK for the creative industries.
The Company's subsidiary, Destination Media Limited ("Destination Media"), the
brand play and specialist media agency which is now wholly owned by the
Company, delivered a first for the Group in October 2007, launching the UK's
first interactive floor network in major shopping centres for Sedona
Advertising Ltd ("Sedona"). Destination Media went live with the UK's number
one commercial children's television channel Nickelodeon's campaign of new
season programming, in six UK shopping malls: Metro Centre, Gateshead;
Lakeside, Thurrock; Castle Court, Belfast; Merry Hill, Dudley; Braehead,
Glasgow; and Printworks, Manchester. The Destination Media network reaches an
audience of in excess of 2.6 million consumers per week and Sedona has stated
that it wants to roll out to a further 20 shopping centres in 2008.
The Company's equity participation in YourDay, increased to 58% in November
2007, culminated in the deployment of a world-first video capture system at
Alton Towers in Staffordshire (part of the Merlin Entertainment Group). By the
end of the season in October 2007, six of the designated eight rides were fully
operational. All eight rides will be fully tested and live for the 2008 season
which starts in March 2008 when the park re-opens.
YourDay is in advanced negotiations with two further significant venue
destinations, one in the UK and one overseas, which gives the Board every
confidence on the roll-out of this business.
Dominic Berger, CEO of Venue Solutions Holdings Plc, commented: "We are very
pleased to have received support from new and existing shareholders throughout
last year. 2008 has started positively for the Group and its pipeline of
business remains strong."
For further information please contact:
Dominic Berger
Venue Solutions Holdings Plc
T: 0870 243 0908
Richard Day/Tom Fyson
Arden Partners Plc
T: 0207 398 1632
Lindsay Spencer
Tria Nomina Ltd
T: 0870 850 2157
END
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