We said last Friday that this week would not be quiet and so far this week, our industry has seen announcements from three AIM listed companies; on Monday it was MediaZest and their partnership with Cisco, on Tuesday it was VMG and their deal with Clear Channel and today it is the turn of Avanti Screenmedia Group plc, that announced it has extended its contract to provide Spar TV to Tates Ltd. for a further two years.
There are a number of SPAR operators but Tates are by the far the largest.
The newly extended contract will now run until 31 December 2011.
RNS Number:8857P Avanti Screenmedia Group PLC 11 March 2008
12 March 2008
Avanti Screenmedia Group plc
Existing contract extended
Avanti Screenmedia Group plc (“Avanti”), the AIM listed leading digital screen media specialist, is delighted to announce today that it has extended its contract to provide Spar TV to Tates Ltd, the largest SPAR multi-site operator for a further two years. Tates Ltd. is part of A.F. Blakemore & Son Ltd., the largest of the six SPAR wholesalers.
Tates Ltd. currently manages approximately 200 Spar stores and had commenced the second year of an existing three year contract. The newly extended contract will now run until 31 December 2011.
Commenting, Simon Rees, CEO of Avanti Screenmedia said: “As part of our strategy is to successfully develop and extend existing client relations, we are pleased that our partnership with Tates Ltd. has been extended until the end of 2011. In today’s competitive retail environment a focused and concentrated approach is vital and we believe that Avanti can deliver a real added value solution”