Progress at RAM Vision
September 13 2010 - 2:30AM
RNS Non-Regulatory
TIDMRAM
RAM Investment Group PLC
13 September 2010
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News Release
September 13h 2010
RAM INVESTMENT GROUP PLC: SUBSTANTIVE NEW OUTDOOR DIGITAL ADVERTISING CONTRACTS
WITH SHOPPING MALLS THROUGHOUT THE UK
Ram Investment Group PLC ("RAM") announces its outdoor digital subsidiary Ram
Vision has signed 17 contracts - in the last eight weeks - with shopping malls
across the UK. This more than doubles the number of contracts signed since Ram
Vision was formed in November 2009, when RAM acquired the assets of ASG Media
PLC (ASG) and the business of Estates Media Partners Ltd. (EMP) two players in
the nascent outdoor digital industry.
The four largest of these recently signed contracts have a combined annual
shopper footfall of 100 million: Liverpool 1, Liverpool; Lakeside, Thurrock
Eldon Square, Newcastle and Stop Shop, Clapham London.
RAM's Executive Chairman, Tim Baldwin, commented:
"While the newly signed contracts have added 60% to the Ram Vision portfolio of
formalised digital contracts, the footfall in the mall space has increased by an
even greater percentage.
Ram Vision's early activity was the legal formalisation of the trading relations
with malls that were inherited on creation Increasingly though agreements are
being made with new malls and owners. Mall owners with which we now trade
include: Grosvenor Estates, Land Securities, Hammerson, Henderson, Capital
Shopping Centres, Capital & Regional and Frogmore.
Significantly, all but four of the 17 recent mall contracts are entirely new
relationships. The advent of new relationships began with the five year contract
this March in Birmingham; 29 new screens supplied and installed by Ram Vision in
the famous Bullring which has the UK's highest annual footfall of shoppers, 39
million."
The additional 17 recently won mall contracts, are expected to deliver new
additional annual revenues of GBP1,275,000 reflecting an average annual
forecasted income of GBP75,000 per mall per annum.
"Ram Vision is continuing to tie up contractually other trading relationships
with malls that it inherited. The total number of trading relationships both
formally contracted and pending amount to 45.
RAM Vision has also scored a first for outdoor digital by adopting YCD
multi-media software. This software is able to deliver cinema broadcast
quality. "Greater quality of resolution means that advertisers will start to see
outdoor digital as an even more attractive medium to promote their brands" says
Tim Baldwin. He concludes: "The substantial increase in our network, the strong
endorsements implicit in our new property partner arrangements and our new
technology tie-ups gives us a strong platform for significant revenue growth in
2011. Despite the uncertain economy in the UK, the board of RAM is comfortable
with its strong expectations for Ram Vision."
This information is provided by RNS
The company news service from the London Stock Exchange
END
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