Tangibal Group Plc is pleased to announce that Tangibal Live the technology services arm to the Group have secured a new client called Voucher Point who have agreed to purchase an initial 17 interactive screens for £85,000 with further orders of up to 100 screens over the coming 12 months. 

This order takes Tangibal Live the services subsidiary to over £100,000 in turnover in the first three months. The pipeline and outlook for this business segment of Tangibal Group looks therefore very positive for the calendar year. 

Tangibal Media has generated in excess of £70,000 net to in this first quarter, which proves that its Cinema medium is gaining in momentum and is now delivering consistently a monthly net yield per screen of circa £600 on the existing network of 35 screens - this is already above our net yield expectations of £450 per screen per month. 

To date the Group has increased its turnover against the same period in 2012 by 137%. 

Dominic Brookman CEO commented, "We are very pleased to have agreed supply terms with Voucher Point and we are looking forward to developing a long term relationship with this business. Further new business in Tangibal Live will be announced shortly. Equally we are extremely pleased about the development of our Cinema media network which still has scope to grow but is already achieving greater per screen net revenue yield than we anticipated." 

For further information please contact: 

  • Tangibal Group PLC +44 207 851 7080 
  • Dominic Brookman
  • www.tangibal.com 

The directors of Tangibal accept responsibility for the information contained in this announcement relating to Tangibal. To the best of the knowledge and belief of the directors of Tangibal (who have taken all reasonable care to ensure such is the case), the information contained in this announcement is in accordance with the facts and does not affect the import of such information.

distributed by