I-DESIGN GROUP PLC ("i-design" or "the Group") Announces Contract with Alliance & Leicester plc
i-design, the media company which joined AIM in July, is delighted to announce that it has signed a five year contract with Alliance & Leicester plc ("Alliance & Leicester"), for the provision of the Group's ATM advertising solution, ATM: ad.
Based on unrivalled technology developed by i-design, ATM:ad will enable Alliance & Leicester to run both third party advertising and internal marketing campaigns across its ATM estate.
The five year contract with Alliance & Leicester comprises an initial licence fee for the use of i-design's software and ongoing maintenance charges. Additionally, the contract includes the exclusive rights for i-design to sell third party advertising space across Alliance & Leicester's ATM network. These sites include ATMs on high streets, university campuses, supermarket and petrol station premises.
The contract with Alliance & Leicester represents i-design's third major ATM network, having already secured contracts with Nationwide Building Society and HSBC.
Commenting on the win, Ana Stewart, CEO of i-design, said
"This win is another demonstration of the attractiveness of our ATM:ad solution, not only to advertisers but also to banks who are interested in innovative ways of reaching their customers and generating additional revenues.
The benefits of our raised profile since joining AIM in July this year have played an important role in signing this contract and we continue to accelerate the growth of the business, now having exclusive rights to sell advertising on over 2000 ATMs."
Frank Lambe, Head of Cash Development at Alliance & Leicester, said:
"This agreement will enable us to deliver highly targeted marketing across our ATM channel as well as enabling us to increase awareness of our products and services. We look forward to building our relationship with the company."
Enquiries:
i-design group plc
Ana Stewart, Chief Executive T: 01382 541 041
Ian Sunter, Finance Director
Biddicks
Katie Tzouliadis
T: 020 7448 1000
Arbuthnot Securities
Tom Griffiths
T: 020 7012 2000
Alliance & Leicester
Stuart Dawkins
T: 0116 200 3088
This information is provided by RNS
The company news service from the London Stock Exchange