Big Sofa Technologies Group PLC AGM Statement (9473L)
July 25 2017 - 2:00AM
UK Regulatory
TIDMBST
RNS Number : 9473L
Big Sofa Technologies Group PLC
25 July 2017
25 July 2017
Big Sofa Technologies Group plc
("Big Sofa" or the "Company")
AGM Statement
Big Sofa (AIM: BST), a fast-growing international video
analytics provider to consumer brands and market research agencies,
is pleased to announce that, at the Annual General Meeting of the
Company to be held later today, the chairman, Nicholas Mustoe, will
make the following statement:
"We continue to be greatly encouraged by the progress Big Sofa
is making, in particular with its significant customer partnerships
including P&G, Unilever, Ipsos and SC Johnson - each of which
is recognising the value of incorporating video into its consumer
insight activities. The board is confident that these partnerships
will deliver material revenue growth in the current year and we are
already seeing evidence of this in Big Sofa's expanding near-term
new business pipeline, which includes some valuable and exciting
projects. We also continue to develop opportunities with additional
significant customers and are confident that one or two of these
will start to deliver revenue in the second half. We look forward
to continuing to update shareholders throughout the second half of
the current year."
For further information, please contact:
Big Sofa Technologies Group via Vigo Communications
plc
Simon Lidington, CEO
Matt Lynch, CSO
Joe MacCarthy, CFO
+44 (0)20 3368
SPARK Advisory Partners (NOMAD) 3554
Neil Baldwin / Mark Brady
+44 (0) 20 7070
Hobart Capital Markets (Broker) 5656
Lee Richardson / Raju Haldankar
Vigo Communications (Financial +44 (0) 20 7830
Public Relations) 9700
Jeremy Garcia / Ben Simons
/ Antonia Pollock
About Big Sofa
Big Sofa is a B2B technology business servicing the marketing
and consumer insight industries with video analytics.
Our software platform collates, analyses and organises large
volumes of raw/unstructured video content enabling companies to
perform detailed and sophisticated consumer insight analysis; and
make genuine use of their video content.
Until recently, video has been difficult and expensive to
capture, upload, store, manage and analyse as a consumer insight
tool. However, proliferation of smart phones has empowered
consumers to speak directly to brands resulting in an evolution of
consumer insight and data analytics techniques, with video emerging
as a key platform in a massive $33 billion consumer research
market.
Big Sofa's shares are admitted to trading on the London Stock
Exchange's AIM market under the ticker BST.L.
To find out more, visit www.bigsofatech.com
Follow us on twitter at @bigsofatech
This information is provided by RNS
The company news service from the London Stock Exchange
END
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