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i-design Group Plc
08 October 2007
IDG.L
I-DESIGN GROUP PLC
("i-design" or "the Group")
Trading Update
i-design, the media company which has developed a market leading ATM advertising
solution (ATM:ad), enabling ATM network owners to run their own and third party
advertising campaigns across their ATMs, is pleased to provide the following
update on trading since the Group's IPO in July 2007.
The Board expects results for the financial year to 30 September 2007 to be in
line with expectations and looks forward to updating shareholders when
preliminary results are issued on 29 November 2007.
The sale of software licences for ATM:ad has progressed well. In September,
i-design secured a five year contract with Alliance & Leicester plc. The
contract comprises an initial licence fee for the use of i-design's software but
also includes the exclusive rights for i-design to sell third party advertising
space across Alliance & Leicester's ATM network. The impact of the contract is
potentially significant, more than doubling the number of ATMs over which the
Group has exclusive media sales rights. The contract is i-design's third major
agreement, having already secured contracts with Nationwide Building Society and
HSBC. In total, i-design now has sold ATM:ad software licences for 8,000 ATMs
plus 2,200 in-branch internet kiosks and has exclusive media sales rights over
approximately 2,500 of those ATMs.
In line with the stated strategy at the time of flotation, i-design has
strengthened both its software and media sales operations. It has recently
appointed a Business Development Director for Software, to assist in developing
licence sales in the UK and overseas. A Head of Media Sales, who will be
responsible for driving media sales, will be joining the Group this month.
Enquiries:
i-design group plc Ana Stewart, Chief Executive T: 01382 541 041
Ian Sunter, Finance Director
Biddicks Katie Tzouliadis T: 020 7448 1000
Sophie Lane
Arbuthnot Securities Tom Griffiths T: 020 7012 2000
Alasdair Younie
This information is provided by RNS
The company news service from the London Stock Exchange