MediaZest Announces Good Progress

Adrian J Cotterill, Editor-in-Chief

MediaZest plc published its final results for the year ended 31 December 2007 earlier today – posting a narrower loss before tax in 2007 and announcing that “it has made good progress in terms of revenue generation and improved margins as it continued to focus on its retail and education ops”.

Turnover for the year rose 22 percent to 3.86 million pounds. Loss before tax for the calendar year came in at 497,000 pounds compared with 989,000 a year ago. The company said its gross margin improved by 12 percent.

MediaZest also said it believes that with falling technology prices, 2008 will see many of its clients using the company’s products across an increasing number of sites.

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