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Brand CEO Alan Green discusses Grand Vision Media Holdings #GVMH, hVIVO #HVO, Toople #TOOP & #I3E on the Vox Markets podcast

Alan Green, CEO of Brand Communications talks about: i3 Energy #I3E, Grand Vision Media Holdings #GVMH, hVIVO #HVO and Toople #TOOP. Interview is 26 minutes 20 seconds in.

Andrew Hore – Quoted Micro 18 February 2019

NEX EXCHANGE

National Milk Records (NMRP) increased its interim revenues from £10.5m to £11.7m, although some of this was due to seasonal factors and one-off testing business. Pre-tax profit improved from £0.96m to £1.13m. Net debt was £2.06m at the end of December 2018. Every part of the business grew its revenues. Milk volumes are set to be strong in the second half, although milk margins are been squeezed by a decline in the milk price and higher feed costs.

Barkby (BARK) has completed the acquisition of Centurian Automotive for an initial payment of £201,000 in shares at 4.775p each, with up to £251,000 more based on performance over three years. Operating profit in each of the years is required to be at least £200,000 in order to achieve the full payment. The consideration represents a discount to net assets and will be equivalent to up to 20% of Barkby. In the year to March 2018, the automotive dealer made a pre-tax profit of £123,000 on revenues of £5.6m.

Sandal (SAND) says there was a significant increase in Energie MiHome sales in December, particularly later in the month, but trading is still below expectations because of a lack of cash to spend on marketing. The stock overhang has been unwound. A Wi-Fi adapter plug has been added to the range, which is being rolled out in Denman’s Electrical Wholesale branches.

Sport Capital Group (SCG) owned Palermo Football Club for less than one month before selling it back to the previous management team. It was bought for a nominal sum and is being sold for a nominal value, following further due diligence. The company’s representatives joined the board in December and resigned last week. Debt will be settled at the same time. Sports Capital had been trying to raise up to £20m over the next few months.

Trading has recommenced in the shares of EcoVista (EVTP) after it published its results for the year to August 2018. There was a £142,000 property revaluation gain and net assets were £1.39m. There are plans to launch a €10m Eurobond issue to fund further property site acquisitions in London, Hertfordshire and Essex.

Gold explorer Tectonic Gold (TTAU) has completed stage one drilling on the Specimen Hill project in Queensland and each hole drilled intersected gold. Geological modelling results will be available in March. A further 7,500 metres of drilling is being planned.

Auxico Resources Canada Inc (AUAG) has raised $400,000 at 20 cents a unit (one share and one-half warrant). The expenses of the placing were $28,000. The cash will be used for assessing coltan opportunities in Colombia and Brazil. NQ Mining (NQMI) has raised £54,000 at 11p a share.

AIM  

Panoply Holdings (TPX) has made its third acquisition since floating in December. UK-based GreenShoot Labs provides digital services using artificial intelligence technology. There is no initial consideration and any payment will depend on performance.

Marketing and media services provider Ebiquity (EBQ) traded in line with expectations last year. The disposal of the advertising intelligence was completed on 2 January. This cut net debt to around £8m. The continuing business is expected to continue to grow at 8% a year.

Online merchandising software and services provider ATTRAQT Group (ATQT) increased its 2018 revenues by 26% to £17.1m and the loss declined from £4.1m to £2.7m. The largest customer has renewed for two years. Annual recurring revenues are £16m.

GRC International (GRC) has acquired data consulting business DQM Group for an initial £5.9m with up to £5m in deferred consideration, although it is not expected to be more than £3.5m. This is a significantly earnings enhancing deal.

Cabot Energy (CAB) is consolidating 100 shares into one new share and raising up to £2.85m at 10p per consolidated share. The cash will pay off trade creditors. The main focus is Canada but Cabot believes its Italian oil and gas exploration assets could still be valuable even though the Italian government has suspended exploration work and is reviewing the situation.

The administrator has sold most of the businesses of Patisserie Holdings (CAKE) but there will be no money for shareholders. Dublin-based Causeway Capital has acquired Patisserie Valerie and AF Blakemore acquired Philpotts for a total of £13m, of which £3m is deferred. Baker and Spice was sold to the Department of Coffee and Social Affairs for £2.5m. The AIM quotation will be cancelled on 25 February. Paul Mumford of Cavendish Asset Management believes that the company’s banks should have supported a rescue and been more attentive to what was happening at the company. He thinks that shareholders should seek compensation from the banks.

Malvern International (MLVN) has confirmed that it moved into profit in 2018. The education business has doubled its London-based revenues and this made up for difficult trading in Malaysia.

Realm Therapeutics (RLM) is selling is hypochlorous acid assets for $10m and intends to leave AIM. Realm already had $18.8m in the bank at the end of 2018. The plan is to use the cash to complete a strategic transaction in the life sciences sector. The ADSs will continue to be listed on Nasdaq.

Stride Gaming (STR) has started a strategic review. The choices are acquisitive or organic expansion or the sale of the online gaming company.

Renalytix AI (RENX) has secured a joint venture with laboratory and clinical trials operator AKESOgen and this will enable Renalytix AI to provide additional services in the US. The artificial intelligence-based kidney diagnostics already has a presence in New York and the new joint venture is based in Georgia.

Administrators have been appointed to Utilitywise (UTW) but none of the subsidiaries is in administration. Shareholders are not likely to get anything from the administration process. Unitlitywise was unable to raise the cash it required to keep going and meet liabilities.

Heavitree Brewery (HVT) improved full year revenues from £7.3m to £7.61m and pre-tax profit grew from £1.55m to £2.25m, although that included profit on the sale of pubs and other property of £824,000, up from £6,000. The previous year had benefited from the write-back of a bad debt provision. The final dividend is being increased from 4p a share to 4.25p a share. Heavitree no longer has to cover a pension scheme deficit because three people transferred out of the scheme.

Bowmark Capital has launched a 110p a share recommended cash bid for Tax Systems (TAX) and MXC Capital Ltd (MXC) has accepted with its 25.6% stake. The bid values the tax software provider at £100.6m.

Kodal Minerals (KOD) has published the results of the drilling programme at the Bougouni lithium project. These will be used to update the JORC resource, which should happen by the end of February. Kodal has met with the Mali authorities to update them.

Insignals Neurotech is the third Portuguese spin out for Frontier IP (FIPP) and it will hold a 33% stake. Insignals is developing technology for brain stimulation surgery.

Scientific Digital Imaging (SDI) has made another scientific instruments acquisition and it has raised £2.5m at 34p a share to help finance it. A further £100,000 was raised via PrimaryBid. Graticules manufactures reticules and graticules and fits with the digital imaging division. It cost £3.4m and has added 6% to next year’s earnings per share.

Strategic Minerals (SML) has announced a trebled resource at Redmoor, in which it has a 50% stake. There is an inferred tin equivalent contained metal of 137,000 tonnes.

James Latham (LTHM) has acquired the timber merchant that has the rights to sell Accoya wood in Ireland. Abbey Woods will cost an initial €1.825m with a further €300,000-€400,000 depending on completion accounts. Further deferred consideration of up to €400,000 depending on performance over two years. Last year, Abbey Woods generated EBITDA of €379,000 on revenues of €7.5m and it has operations in Dublin and Cork.

Vast Resources (VAST) says that the tranche B offtake finance from Mercuria Energy Trading did not happen. This means that the planned December and January repayments of the loan from Sub Sahara Goldia Investments have not been made Talks continue with potential finance providers to replace the cash to invest in 80%-owned copper, silver, gold, zinc, lead, tungsten, molybdenum Baita Plai project. Bergen Global Opportunities Fund is pausing the second tranche of the $3m bridge facility because the share price has been below 0.2p for two days. A placing has raised £896,000 at 0.135p a share and this will repay the £525,000 owed to Bergen. There are discussions with a potential cornerstone investor for a diamond project in Zimbabwe.

RiverFort Global Opportunities (RGO) has subscribed for shares in Pires Investments (PIRI), that will give it a 24.3% stake. RiverFort is taking nearly 50% of the shares issued in a placing that raised £782,000 at 2.4p a share for Pires. The cash will be used for new investments.

Trading in the shares of African Battery Materials (ABM) will resume on Monday 18 February following the issue of 200 million shares at 0.5p each. The cash will be used to pay creditors and leave enough to finance the business for 12 months. Andrew Bell has been appointed executive chairman and Paul Johnson as executive director.

Windar Photonics (WPHO) will undershoot the 2018 forecast, but there should be higher orders from Vestas and another manufacturer next year. Even so, 2019 forecasts are likely to be reduced. Total 2018 revenues were 59% ahead at €3.5m and higher gross margins meant that the loss before interest, tax, depreciation and amortisation fell from €1.22m to €360,000. The end of year order book was worth €1m.

Nostra Terra Oil and Gas (NTOG) has more than trebled its proved and probable reserves to 2.43 million barrels of oil. Net proved reserves are 764,030 barrels of oil.

President Energy (PPC) has updated the reserves position. The Argentina and Louisiana reserves are valued at almost $300m, which is equivalent to 21p a share. That is more than twice the market capitalisation. Production is predominantly oil but gas production will increase this year.

Harwood Wealth Management (HW.) has acquired IFA Castleton Financial Planning for up to £1.6m.

Trading in the shares of Urals Energy (UEN) has been suspended following the resignation of Allenby as nominated adviser. A general meeting, which will be held on 22 February, has been called by Adler Impex SA in order to remove three directors and appoint four other directors. Oil production was 1,690 barrels/day in January. Loans made without board approval have meant that the company is short of cash.

Waste-to-energy technology developer PowerHouse Energy (PHE) is confident that it could sign up a customer in the next quarter. There is increasing interest and six potential sites are being assessed. Potential engineering, procurement and construction contractors have approached PowerHouse. Development partner Waste2Tricity is in negotiations with Toyota Tsusho, which would be a way of entering the Japanese market.

Braveheart Investment Group (BRH) has reduced its stake in Remote Monitored Systems (RMS) from 5.9% to 1.32%. Stephen Jones increased his stake from below 3% to 14.5% in just over one month.

Dewscope Ltd, where Mark Horrocks is a director, has cut its stake in Sabien Technology (SNT) from 12.7% to less than 3%. Chris Akers has also reduced his stake from 16.9% to less than 3% and Brendan Adams has cut his shareholding from 4.2% to under 3%. These stakes were acquired on 14 December, when the mid-price was 0.11p. On 11 February, when the shares were sold, the share price increased from 0.145p to 0.175p. Sabien reported a decline in interim revenues from £462,000 to £342,000, but the loss was reduced from £233,000 to £207,000 due to cost reductions.

TV programme producer DCD Media (DCD) expects to report revenues of £7.3m and a small EBITDA in 2018. Trading has started well in 2019 helped by business that was delayed from last year.

HaloSource (HAL) is seeking shareholder approval for the disposal of assets to Strix (KETL) for $1.3m. The cash will pay creditors and fund the winding down of the business. The AIM quotation will be cancelled on 12 March.

WANdisco (WAND) has raised $17.5m at 546p a share to provide cash to support relationships with partners. WANdisco has become an advanced technology partner with Amazon Web Services.

Adamas Finance Asia Ltd (ADAM) is issuing 6.1 million shares to China Aerospace for a 6.8% stake in Hong Kong Mining Holdings, where Adamas already has a 84.8% stake. This is a complicated deal, but Adamas can tell China Aerospace where to transfer these shares. It means that Adamas will not necessarily increase its shareholding in the mining company. Sorting out what was effectively a stock overhang should make it easier to do a deal that will unlock cash for Adamas.

NetScientific (NSCI) has concluded its strategic review and it has decided to cancel its AIM quotation. The remaining cash will be spent on the investee companies with the best prospects of providing a return before the company runs out of money.

Angus Energy (ANGS) is repaying the £1.5m initial advance from YA II and RiverFort Global Opportunities. Angus has raised £2.2m at 4p a share.

The University of British Columbia has ordered a polariser system from Polarean Imaging (POLX).

Begbies Traynor (BEG) has made the earnings enhancing acquisition of profitable Newcastle insolvency practice KRE. The initial payment is £450,000 with up to £150,000 more based on revenue targets over 12 months.

Full year figures will be lower than expected at IFA Tavistock Investments (TAVI) but a maiden dividend is still on the cards.

Crossword Cybersecurity (CCS) will report a 45% increase in 2018 revenues, with most of the growth coming from software.

MAIN MARKET 

Cryptocurrency mining services provider Argo Blockchain (ARB) is refocusing its business. All existing contracts will be terminated by the beginning of April. The focus will be Argo’s own currency mining. Ongoing costs will be cut by one-third. Net cash is £15m and that is much more than the market capitalisation of Argo. The cash outflow should be stemmed in the second half of 2019. Hadron Capital recently increased its stake to 7.6%.

Trading is in line at fasteners supplier Trifast (TRI) even though the UK automotive market is weak. More than two-thirds of sales are overseas. Additional UK stocks for Brexit are worth around £2m.

Commercial aircraft leasing company Avation (AVAP) expects to report a doubled interim profit on revenues that have risen from $52.4m to $58m.

Outdoor digital media company Grand Vision Media Holdings (GVMH) has signed a partnership agreement with Rakuten Bank in Japan to add to the one it signed with CY Group in South Korea. GVMH’s marketing services will help its partners promote themselves to Chinese tourists. GVMH has glasses-free 3D technology.

Helen Sachdev has been appointed as a non-executive director of Athelney Trust (ATY) and Frank Ashton has taken on the role of executive chairman. Discussions continue with Gresham House Asset Management about taking over the management of the company’s investments.

Future (FUTR) has secured a new £90m revolving credit facility and it is acquiring CyclingNews.com and Procycling Magazine, which generate annual revenues of £2m. This deal widens the sports publishing activities.

REA Holdings (RE.) significantly increased palm oil production in 2018, even though extraction rates were lower than expected. The Kota Bangun coal concession is heading towards reopening the mine, although there are local disputes.

Andrew Hore

Grand Vision Media Holdings #GVMH signs partnership agreement with Rakuten Bank KK (Rakuten) in Japan

Grand Vision Media Holdings Plc (GVMH) is pleased to announce that it has signed a partnership agreement with Rakuten Bank KK (Rakuten) in Japan.  Rakuten is one of the leading internet banking products and service provider in Japan.  Through this agreement, Rakuten will actively promote GVMH’s marketing services to its retail and hospitality customers seeking to capture a bigger share of the Chinese tourist spending.  Together with the WechatPay services offered by Rakuten, GVMH can offer an integrated marketing and payment solution to Japanese clients.

The services will initially cover the following:

  1. Assisting overseas brands establish or enhance their Social Media presence in China
  2. Using GVMH’s OOH capabilities to broadcast 3D videos of travel destinations and organize off-line marketing events in cinemas in China to promote Japanese products and services.

According to the Japan National Tourism Organisation, Chinese visitors were the largest visitor group in 2018, with 8.4 million visitors, an increase of 13.9% over 20171, 2.

Jonathan Lo, CEO, said“Tourism marketing will be one of our key revenue drivers and core competencies as Chinese tourists now make up 21% of the total tourism spending worldwide3.  With Rakuten Bank as our partner, we are well placed to increase our reach to potential advertisers in Japan, the top destination for Chinese tourists.  We have already started providing our service to our first Japanese client, Narita Airport.

Our agreement with Rakuten Bank follows on from the recent agreement which we signed with the CY Group in Korea.  We shall continue to develop partnerships in the other travel destinations frequented by Chinese travellers. ”

1              Japan National Tourism Organisation – Breakdown of Country/Area

https://statistics.jnto.go.jp/en/graph/#graph–latest–figures

2              Nikkei Asian Review, September 29 2018

(https://asia.nikkei.com/Economy/China-s-7m-Golden-Week-shoppers-head-to-Japan-Thailand-and-Korea)

3              Hospitality Net, 16 May 2018

(https://www.hospitalitynet.org/performance/4088453.html)

**ENDS**

For further information, photos and enquiries please contact:

Grand Vision Media Holdings plc Jonathan Lo / Ajay Rajpal
info@gvmh.co.uk
Tel: +44 (0) 20 7866 2145
Alfred Henry Corporate Finance Ltd Nick Michaels / Jon Isaacs
enquiries@alfredhenry.com
Tel: +44 (0) 20 3772 0021
Alexander David Securities Ltd David Scott
david.scott@ad-securities.comJames Dewhurst
james.dewhurst@ad-securities.com
Tel: +44 (0) 20 7448 9820
PEIR Siu Fun Hui
ir@peir.info
Tel: +44 (0) 7730 051867

Notes to Editors

Grand Vision Media Group is an integrated out-door digital media company deploying innovative display and marketing technologies at strategic, high-traffic locations.  Its glasses-free 3D technology in digital out-of-home (OOH) media is enabling advertisers to engage with affluent consumers in important and growing markets such as China and elsewhere around the world.

The company deploys glasses-free 3D technology in cinemas to take advantage of the growth in audiences in China in terms of box office, number of cinemas and number of viewers.  In addition to traditional advertising revenue, we set out to monetise the benefits generated by user interaction with 3D panels by targeted social media advertising and, also by profit sharing from transactions.

In June 2018 the Company listed on The London Stock Exchange helping it to attract further investment to build out our business within China itself; the company’s current footprint in China represents less than 5% of the market there.

The digital signage market globally is expected to reach almost $30bn by 2024, compared to approximately $15bn in 2015.  We believe that this growth will be driven not only by new, higher resolution displays and new types of technology, but also by integrating digital displays with customers’ smart phones.

Company web site: www.gvmh.co.uk

Rakuten Bank, Ltd. provides Internet banking products and services in Japan.  It offers electronic financial settlement services.

Rakuten Bank, Ltd. was formerly known as eBANK Corporation and changed its name to Rakuten Bank, Ltd. in May 2010.  The company was founded in 2000 and is based in Tokyo, Japan.  It has operations in Grand Cayman, the British West Indies. As of February, 2009 Rakuten Bank, Ltd. operates as a subsidiary of Rakuten, Inc.

Brand CEO Alan Green talks Cadogan Petroleum #CAD, Chaarat Gold #CGH, Grand Vision #GVMH & #BSIF on Vox Markets podcast

Brand CEO Alan Green discusses Cadogan Petroleum #CAD, Chaarat Gold #CGH, Grand Vision Media Holdings #GVMH, Bluefield Solar Income Fund #BSIF, plus Bidstack #BIDS, Wey Education #WEY and Toople #TOOP with Justin Waite on the Vox Markets podcast.

Grand Vision Media Holdings #GVMH Announces the Appointment of a Strategic Partner in Korea

Grand Vision Media Holdings Plc today announces the appointment of a strategic partner in Korea.  GVMH has signed a strategic alliance agreement with CY Group in Korea.  CY Group is a privately held conglomerate with business interests in retail, cosmetics and marketing.

CY Group will introduce Korean advertisers to GVMH’s marketing services including GVMH’s cinema OOH network and its digital marketing solutions.  These services will be of particular interest to Korea’s tourism and retail sectors, which are keen to capture a bigger portion of tourist spending.  Korea has always been among the top travel destinations for Chinese tourists.  In 2018, number of visits by Chinese tourists increased by 15% to 4.8 million, representing 31.2% of total foreign tourist visits to the country1.

In addition, through the introduction by CY Group, GVMH is working with CJ CGV Cinemas to do a pilot project implementing GVMH’s cinema-centric marketing model in Korea.  GVMH will be installing glasses-free 3D advertising panels in several selected cinemas in Seoul to attract local advertisers.  CJ CGV is the largest multiplex cinema chain in Korea.  It currently operates at 463 locations internationally, including 151 locations in Korea2.

Jonathan Lo, CEO, said “GVMH continues its overseas expansion to capture a bigger share of Chinese outbound tourism marketing. With this new alliance, we are well placed to benefit by increasing our presence in Korea, one of the main tourist destinations for the Chinese.  We are continuing to develop our business in line with our strategy of working with local partners to reach new advertisers.  The pilot project with CJ CGV cinemas is also a significant milestone.  It means our business model of cinema-centric marketing and use of innovative visual technologies has universal appeal.”

1. The Korea Bizwire, January 23 2019 (http://koreabizwire.com/number-of-foreign-tourists-to-s-korea-up-15-pct-in-2018/131016)

2. Variety, 10 July 2018 (https://variety.com/2018/film/asia/korea-cj-cgv-seeks-10000-screens-worldwide-by-2020-1202870154/)

**ENDS**

For further information, photos and enquiries please contact:

Grand Vision Media Holdings plc Jonathan Lo / Ajay Rajpal
info@gvmh.co.uk
Tel: +44 (0) 20 7866 2145
Alfred Henry Corporate Finance Ltd, Corporate Advisor Nick Michaels / Jon Isaacs
enquiries@alfredhenry.com
Tel: +44 (0) 20 3772 0021
Alexander David Securities Ltd, Broker David Scott
david.scott@ad-securities.comJames Dewhurst
james.dewhurst@ad-securities.com
Tel: +44 (0) 20 7448 9820
Keene Communications, Public Relations Alex Glover
alex@keenecomms.com
Tel: +44 (0) 7887 610335

Company web site: www.gvmh.co.uk

About GVMH

Grand Vision Media Holdings Plc is an integrated out-door digital media company deploying innovative display and marketing technologies at strategic, high-traffic locations. Its glasses-free 3D technology in digital out-of-home (OOH) media is enabling advertisers to engage with affluent consumers in important and growing markets such as China and elsewhere around the world.

The company deploys glasses-free 3D technology in cinemas to take advantage of the growth in audiences in China in terms of box office, number of cinemas and number of viewers. In addition to traditional advertising revenue, we set out to monetise the benefits generated by user interaction with 3D panels by targeted social media advertising and, also by profit sharing from transactions.

In June 2018 the Company listed on The London Stock Exchange helping it to attract further investment to build out our business within China itself; the company’s current footprint in China represents less than 5% of the market there.

The digital signage market globally is expected to reach almost $30bn by 2024, compared to approximately $15bn in 2015. We believe that this growth will be driven not only by new, higher resolution displays and new types of technology, but also by integrating digital displays with customers’ smart phones.

Company web site: www.gvmh.co.uk

CY Group is a South Korean conglomerate holding company headquartered in Seoul.  It comprises numerous businesses in various industries of food and food service, pharmaceutics and biotechnology, entertainment and media, home shopping and logistics.

CJ CGV is the largest multiplex cinema chain in South Korea with branches in China, Indonesia, Myanmar, Turkey, Vietnam and the US.  It operates 3,412 screens at 455 locations in seven countries including 1,111 screens at 149 locations in South Korea.  CJ CGV introduced the first multiplex theatres in South Korea, and the company has been developing what it calls “cultureplex”, a space where eateries, performance halls, shops and multiplex theatres come together to provide a richer cultural experience to consumers, CGV Cheongdam Cine City, which opened in 2011 being an example.  CJ CGV listed on the Korean Stock Exchange in December 2004.   It is the first listed theatre chain in Korea.

Brand CEO Alan Green talks Tertiary Minerals #TYM, Grand Vision #GVMH & Enquest Bonds #ENQ1 on Vox Markets podcast

Brand CEO Alan Green talks Tertiary Minerals #TYM, Grand Vision Media Holdings #GVMH & Enquest Corporate Bonds #ENQ1 with Justin Waite on the Vox Markets podcast. Interview is 27 minutes 39 seconds in.

Grand Vision Media Holdings #GVMH – TS Capital initiates coverage with Speculative Buy.

#GVMH Grand Vision Media Holdings – TS Capital initiates coverage with a Speculative Buy rating #OOH #3DOOH

View Full Research Note here TSC_InitiatesCoverage_GVMH_11Jan19

Grand Vision Media Holdings #GVMH – new contract with Chinese Cinema Partner

Grand Vision Media Holdings Plc today announces a contract with Dadi Cinema Group (“Dadi”) in China, whereby GVMH will install its 3D panels in 22 new cinema locations in the Dadi network with installation work starting immediately.   Dadi currently operates over 470 cinemas across China.

This represents the first collaboration between the two parties.   GVMH plans to roll out to additional Dadi locations after this initial installation programme.   In addition, GVMH has also secured the rights to cover all their advertising assets across Dadi’s 400+ cinemas with immediate effect.   This will include video advertising on the mega video walls in cinema foyers as well as the right to organize off-line events in the foyers.

GVMH CEO Jonathan Lo said: “We are delighted to have come to this agreement with Dadi as it provides us with the opportunity to take our advertising clients into Dadi’s popular cinemas in key locations across China.   The agreement also allows us to expand our advertising products to mega video walls and across a broader geographic coverage, thus offering our customers more options to best meet their marketing goals.“

**ENDS**

For further information, photos and enquiries please contact:

Grand Vision Media Holdings plc Jonathan Lo / Ajay Rajpal
info@gvmh.co.uk
Tel: +44 (0) 20 7866 2145
Alfred Henry Corporate Finance Ltd, Corporate Advisor Nick Michaels / Jon Isaacs
enquiries@alfredhenry.com
Tel: +44 (0) 20 3772 0021
Alexander David Securities Ltd, Broker David Scott
david.scott@ad-securities.comJames Dewhurst
james.dewhurst@ad-securities.com
Tel: +44 (0) 20 7448 9820
Keene Communications, Public Relations Alex Glover
alex@keenecomms.com
Tel: +44 (0) 7887 610335

Company web site: www.gvmh.co.uk

About GVMH

As an integrated outdoor digital media company, GVMH is deploying innovative display and marketing technologies at strategic, high-traffic locations.   Our glasses-free 3D technology in digital OOH (Out-of-Home) media is enabling advertisers to engage with affluent consumers in important and growing markets.   Our “space management” approach utilising the cinema space for events and exhibitions offers a total solution for our advertisers, with the potential of direct conversion to sales.

Our network is now spread over 180 locations covering 29 provinces in China and we are growing our business further within China and taking our technologies and expertise to new markets, specifically Thailand, Korea and Japan, where we have forged alliances and representations to take our business forward.

The digital OOH signage market is growing, and will continue to grow in the foreseeable future, and we want to be at the forefront of that growth by providing our customers with the ability to reach Chinese consumers as they become more affluent and seek access to more quality domestic and international products and services.

Two significant trends that are benefitting our growth are the Chinese appetite for foreign products and travel.  GVMH is well positioned to take advantage of this trend as it acquires international brands and travel destinations as direct customers. 

According to a report by Market Research Future (MRFR), the global digital signage market is estimated to be USD 26.3 billion by 2022.   The market is predicted to expand at 6 % CAGR during the assessment period (2016-2022)*.

*Global Digital Signage Market Research Report – Forecast to 2022

(https://www.marketresearchfuture.com/reports/digital-signage-market-1102)

About Dadi Cinema Group

Dadi Cinema Group (Dadi) is a wholly-owned subsidiary of Dadi Media, established in 2006 and is responsible for cinema management and operation.

Dadi is dedicated to enhancing the viewing experience through the application of high-quality projection technology.  

In 2015, Dadi was the first in the China film industry to introduce “Movie +”, to create an experiential cinema ecosystem such as “Movie + Creative Internet”, “Movie + Creative Retail”, “Movie + Creative Catering”.   In 2017, “Movie + Innovative Culture” was added to the “Movie +” strategy to upgrade the film screening zone into an interactive cultural and entertainment hub.

Dadi continues to innovate the cinema ecosystem, adding different business modes, to provide audiences with diversified services, and integrate movie culture into mass consumption.

At 30 June 2018, Dadi had an aggregate of 476 cinemas with 2,863 screens, operating in 29 provinces and 179 cities in China.   In addition, there are over 300 cinemas contracted but not yet in operation.  

In 2017, Dadi achieved total box office revenue of RMB 2,841 million (c.£325 million), ranking second among cinema investment and management companies in China.

Grand Vision Media Holdings #GVMH – Clarification on media deployment partner SMI Holdings Limited

On 6 December 2018 SMI Holdings Limited (“SMI”), a cinema operator and deployment partner of GVMH, made an announcement on the Hong Kong Stock Exchange.

SMI announced that it was short of sufficient working capital to support its business operations.  As a result, around 140 of the 320 cinemas operated by SMI have temporarily suspended operations, of which around 11 may be closed in the near future.  SMI is pursuing its refinancing arrangements.

GVMH currently has 44 panels installed in SMI cinemas.  We confirm that none of the panels are in any of the temporarily suspended sites or at those sites marked for closure.   We further confirm that we continue to receive new advertising orders including for those panels located at the SMI cinemas.

GVMH is currently reviewing the situation with respect to SMI and will provide an update on any actions that we may implement as a result.   The problems at SMI are not expected to have any material impact on GVMH’s business model.   We confirm that we are not owed any monies by SMI.   As stated above, SMI is a deployment partner, not a customer of GVMH.   GVMH continues to manage its current portfolio of cinema locations to maximise audience reach, and is continuing the rollout of panels to other cinema locations.

The full SMI announcement can be viewed here

http://www.smi198.com/attachment/2018120623020100003345138_en.pdf

**ENDS**

For further information, photos and enquiries please contact:

Grand Vision Media Holdings plc Jonathan Lo / Ajay Rajpal
info@gvmh.co.uk
Tel: +44 (0) 20 7866 2145
Alfred Henry Corporate Finance Ltd, Corporate Advisor Nick Michaels / Jon Isaacs
enquiries@alfredhenry.com
Tel: +44 (0) 20 3772 0021
Alexander David Securities Ltd, Broker David Scott
david.scott@ad-securities.comJames Dewhurst
james.dewhurst@ad-securities.com
Tel: +44 (0) 20 7448 9820
Keene Communications, Public Relations Alex Glover
alex@keenecomms.com
Tel: +44 (0) 7887 610335

Company web site: www.gvmh.co.uk

Notes to Editors

Grand Vision Media Group is an integrated out-door digital media company with a difference. We aredeploying innovative display and marketing technologies at strategic, high-traffic locations.  Our glasses-free 3D technology in digital out-of-home (OOH) media is enabling advertisers to engage with affluent consumers in important and growing markets such as China and elsewhere around the world.

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