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fastjet, Africa's low-cost airline, is pleased to announce it has been granted a Foreign Operators Permit from the Malawian authorities to commence flights between Dar es Salaam in Tanzania and Lilongwe, capital of Malawi. The new route will be put on sale from today and operations commence  in July.

Initially operating twice weekly on Mondays and Fridays, fastjet is confident that, in line with its other routes, it will grow in frequency quickly.

fastjet's lowest fare will be $50 plus government taxes.

The new route is fastjet's sixth international destination in Africa.

Commenting on the launch, fastjet CEO Ed Winter said: "Whilst we are directing much of our efforts to prepare for the planned launch of the fastjet Zimbabwe and fastjet Zambia airlines, we continue to work hard on growing our Tanzanian network. This significant step links two thriving commercial centres and provides the population of both countries with an affordable and reliable air services. Our lowest international fare of $50, available to early bookers, is expected to l ensure strong demand.

The recent growth of Tanzanian domestic operations and this new route will increase our aircraft utilisation and further support the business case for an additional aircraft in the Tanzanian fleet."

For more information, contact:

UK media – Citigate Dewe Rogerson	Tel: +44 (0) 20 7638 9571
Angharad Couch
Toby Moore
Nick Hayns
South African media – Tribeca Public Relations	Tel: +27 (0) 11 208 5500
Cian Mac Eochaidh
Kelly Webster
For investor enquiries please contact:
W.H. Ireland Ltd.- Nominated Adviser and Joint Broker	Tel: +44 (0) 20 7220 1666
James Joyce
Mark Leonard
Liberum Capital Limited – Joint Broker	Tel: +44 (0) 20 3100 2222
Clayton Bush
Christopher Britton

NOTES TO EDITORS

About fastjet Plc

fastjet Plc is the holding company of the low cost airline fastjet which commenced flights under the fastjet brand in Tanzania in November 2012. The airline introduced Airbus A319s into its fleet. By adhering to international standards of safety, quality, security and reliability; fastjet has brought a new flying experience to the African market at unprecedented low prices. fastjet is implementing the low-cost model across Africa and its long-term strategy is to become the continent's first low-cost, pan-African airline. fastjet Plc is also the holding company of Fly540 Angola where operations are currently suspended.

The results of a customer satisfaction survey showed that 100% of customers were likely to recommend fastjet to a friend. In developing its strong brand and identity, fastjet has won and been nominated for a number of awards, including winning three Transform awards for the rebrand and launch of fastjet and the award for "Brand Strategy of the Year" at 2014's Drum Marketing Awards in London.

fastjet Plc is quoted on the London Stock Exchange's AIM Market.

For more information see www.fastjet.com

 

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Neville Registrars are delighted to welcome Vela Technologies Plc as the newest addition to its list of client companies.

Vela Technologies are a UK incorporated investment company, based in London, acquiring and consolidating holdings in Small and Medium sized Enterprises (SME’s), which are active in the development of emergent technologies or hi-tech engineering solutions.

Further information can be found on the Company's website: http://www.velatechplc.com/

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SpaceandPeople (AIM:SAL), the retail, promotional and brand experience specialist is pleased to announce that it has been selected by Network Rail as preferred bidder for their Concourse Exhibitions, Events and Distributions Contract.

SpaceandPeople and Network Rail will, after the standstill period of ten days required by regulation 33 of the Utilities Contracts Regulations 2006, aim to agree a five year contract commencing 1 October 2015.

The potential value of the contract to SpaceandPeople is expected to be significant over the five year term.

Further details will be provided should a binding, formal commercial agreement be entered into by Network Rail and SpaceandPeople.

– Ends –

For further information, contact:

SpaceandPeople Plc	0845 241 8215
Matthew Bending, Gregor Dunlay
Cantor Fitzgerald Europe	020 7894 7000
David Foreman, Will Goode (Corporate Finance)
David Banks, Tessa Sillars (Corporate Broking)

About SpaceandPeople plc:

SpaceandPeople facilitates and manages promotional space for marketing campaigns and retailing in shopping centres and other high footfall locations, such as theme parks and railway stations. SpaceandPeople is at the forefront of developing the concept of space as an advertising and promotional medium. It offers consumer brands the opportunity to promote their products through direct engagement with consumers through a mix of experiential marketing events and complementary above the line advertising and multimedia campaigns. SpaceandPeople offers a comprehensive service covering brokerage, consultancy and venue centric media buying. SpaceandPeople is independently funded and its shares are admitted to trading on AIM. The Company acquired Retail Profile, the RMU specialist, in May 2010 and operates in the UK, Germany, India and Russia.

www.spaceandpeople.com

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The Company is pleased to announce that the metallurgical test programme, announced on 14 April 2015, on the Wash Plant Tailings ("WPT") and Leach Plant Residue Tailings ("LPR") using an acid/brine leaching process to recover lead and zinc has been successful.

The objective of the metallurgical test programme was to confirm the technical viability of the acid/brine leach process for the extraction of lead and zinc from the WPT and LPR.  The metallurgical testing was conducted by Kupfermelt CC at their laboratory in South Africa, under review by Dr Geoff Casson, General Manager of the Company's Zambian subsidiary, Enviro Processing Ltd.

The results demonstrated high metal recoveries from both the WPT and LPR of circa 80% Pb, 70% Zn, and 80% Pb, 50% Zn, respectively, into a pregnant liquor solution from which both lead and zinc could be extracted by precipitation and also zinc alone by electro winning.   

Liquid residue discharges from the process were non-toxic.

As a result, the Company is able to establish the mass, pulp and water parameters required for the construction of the planned pilot plant at Kabwe. It is therefore now focussing on the design and construction of the pilot plant and intends to source the majority of requisite equipment in-country.

Process for ZEMA Application

The Company has contracted JA Consultancy, based in Lusaka, Zambia, an Environmental Specialist organisation, to prepare, present and assist in securing approval for a further Environmental and Social Impact Assessment (ESIA) from ZEMA (Zambia Environmental Management Agency).

JA Consultancy is led by Dr Jewette Masinja who obtained an MSc in Minerals Engineering at Birmingham University and a PhD in Mineral Processing at the University of Queensland, Australia.

Dr Masinja has in-depth knowledge of environmental management in the mining industry. On behalf of the Zambian Government in 1997 and 1998, he developed the national mining environmental legislation which is currently in force in Zambia, specifically the Mines and Minerals (Environmental) Regulations Statutory Instrument No 29 of 1997 and the Environmental Protection Fund Regulations, Statutory Instrument No 102 of 1998.

BMR believes that Dr Masinja and his team are particularly well qualified to secure ZEMA's approval for the planned pilot plant within the requisite time frame, having undertaken similar projects with a track record of successfully securing approvals from ZEMA.

JA Consultancy has already started its assignment, and the process of community consultation in Kabwe as required by the Terms of Reference, for presentation to ZEMA.

Appointment of a Process Engineer

BMR is pleased to announce that the Company has engaged the services of Edward Musonda, an experienced metallurgist, to work under the direction of Dr Geoff Casson on the process design of the Kabwe Pilot Plant.

Mr Musonda holds a Bachelor of Mineral Sciences (B.Min.Sc) Degree in Metallurgy and Mineral Processing from the University of Zambia and has over 20 years' experience in mineral processing of gold and base metals with Anglo America, Gold Fields, Bateman Engineering Projects and ZCCM Investments Holdings ("ZCCM"). He worked for ZCCM in R&D at the Anglo American Research Laboratory, involving gold and base metal pilot plant testing; and, for Gold Fields, on refractory gold ores bio-oxidation R&D as a Project Engineer, designing gold processing plants.  In addition, he has led metallurgical teams, undertaken feasibility studies and managed projects from construction through to production.

Alex Borrelli, Chairman, commented: "We are pleased to announce the results of the metallurgical test programme as a prelude to the establishment of a pilot processing plant, which confirm acid/brine leaching as the appropriate method for extracting a viable precipitate from our valuable resources at Kabwe."

Ends

For further information:

BMR Mining PLC                                                                                                020 7408 7580

Alex Borrelli, CEO and Chairman

WH Ireland Limited                                                                                             020 7220 1666

Chris Fielding, Head of Corporate Finance

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Northern Petroleum, the AIM quoted oil company focusing on production led growth, announces that the environmental impact assessments ("EIA") for the Company's three remaining exploration permit applications in the southern Adriatic have been approved. These approvals are in addition to the two EIA approvals for exploration permit applications announced by the Company on 10 June 2015. The EIA approvals have been received from the Ministries of the Environment and National Heritage and the final requirement for these applications to become exploration permits is decree by the Ministry of Economic Development.

The EIA approvals across all five exploration permit applications cover the initial work programmes on the permits, which include regional geological studies and the acquisition of up to 1,450 line kms of 2D seismic data.

Keith Bush, Chief Executive Officer, commented:

"With all the southern Adriatic EIAs approved the Company can now work with the Italian authorities to finalise the award of the permits. Once received, a full 2D seismic programme will be designed to evaluate the potential of the Company's 4,500 sq km of contiguous permits and develop further opportunities similar to the Giove discovery and Cygnus exploration prospect."

-Ends-

For further information please contact:

Northern Petroleum Plc                                                                        Tel: +44 (0)20 7469 2900

Keith Bush, Chief Executive Officer

Nick Morgan, Finance Director

 

Westhouse Securities Limited (Nomad and Joint Broker)                    Tel: +44 (0)20 7601 6100

Alastair Stratton

Robert Finlay

 

FirstEnergy Capital LLP (Joint Broker)                                                 Tel: +44 (0)20 7448 0200

Jonathan Wright

 

Note to Editors:

Northern Petroleum is an oil and gas company focused on production led growth. The Company is undertaking a redevelopment and production project in north west Alberta and has a broader portfolio of exploration and appraisal opportunities in countries of relatively low political risk, primarily Italy. Comprehensive information on Northern Petroleum and its oil and gas operations, including press releases, annual reports and interim reports are available from Northern Petroleum's website: www.northernpetroleum.com

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Trakm8, the AIM-listedtelematics and data provider to the global market place,is pleased to announce it has acquired the business and assets of DCS Systems Ltd ("DCS") for a cash consideration of £3.3 million (the "Acquisition").

Acquisition

DCS specialises in the design and distribution of camera systems for the motor vehicle, bicycle and security markets. DCS trades under three main brands: RoadHawk, Dogcam and Lawmate.

The Acquisition is in line with Trakm8's strategy of augmenting its organic growth with selective acquisitions that expand its telematics offering to both insurance and fleet customers. Cameras are being increasingly used in a wide range of applications, including a significant demand for forward facing vehicle cameras to record driving incidents and to mitigate the risk from 'crash for cash' accidents. Trakm8 has an existing relationship with DCS, supplying some Trakm8 customers with its RoadHawk cameras.

DCS's last unaudited accounts for its financial year ending 30 April 2015 reported revenues of £2.8 million and profit before tax of £0.6 million. Trakm8 funded the Acquisition from its existing cash and bank facilities. Trakm8 has also obtained a further debt facility from HSBC Bank of an additional £2 million taking the total debt facility to £5.7 million, of which £3.7 million is now drawn down following the Acquisition.  DCS will continue to be based in Bodmin, Cornwall and has six staff.

The Acquisition is expected to be immediately earnings enhancing.

 

Directorate change

Reflecting the strong growth of the Group, Trakm8 is also pleased to announce a strengthening of the Board of Directors with three new appointments. These are expected to enhance its corporate governance and ensure it has the management team to implement its growth plans and integrate acquisitions successfully.

Bill Duffy is joining the Board as an additional independent Non-Executive Director. Bill has considerable commercial experience having been CEO of Andrew Page, Halfords Autocentres and a number of other leading automotive aftermarket companies.  He has also been a consultant to the Board over the past 12 months.

In addition Trakm8 is appointing two executives to be Directors of the Group: Sean Morris, as Group Engineering Director and Mark Watkins as Group Operations Director. Sean joined the Group six months ago following senior engineering positions at Continental UK, RAC and Aston Martin. Mark joined the Group 15 months ago as the Managing Director of BOX Telematics following a successful career in IT and operations at Continental UK and Ford Motor Co.

 

John Watkins, Executive Chairman of Trakm8 comments: 

"The acquisition of DCS marks another significant milestone in Trakm8's growth strategy and reflects the growing demand from our fleet and insurance customers for camera applications. We plan to deepen the integration of the camera technology into our telematics solutions for both our fleet and insurance clients.

 "Video data is increasingly used to monitor behaviour and to replay outcomes. The increase in the richness of the data generated by our telematics solutions will continue the trend of the increasing value for money in our propositions."

The following information regarding William Kenneth Duffy's (aged 56) appointment is required to be disclosed under Schedule 2g of the AIM Rules for Companies:

Other directorships held:

Current:	Within the last five years:
Econnect Cars Limited Pangburn Consultants Limited	Andrew Page Limited Camberley Auto Factors Limited Halfords Autocentres Limited Halfords Autocentres Acquisitions Limited Halfords Autocentres Developments Limited Halfords Autocentres Funding Limited Halfords Autocentres Holdings Limited NW Autocentres Limited Oldco 1 Limited Parts Direct Limited Stop n'Steer Limited

Mr Duffy owns 20,000 Ordinary Shares in the capital of Trakm8.

The following information regarding Sean Anthony Morris' (aged 50) appointment is required to be disclosed under Schedule 2g of the AIM Rules for Companies:

Other directorships held:

Current:	Within the last five years:
n/a	n/a

Mr Morris does not own any Ordinary Shares in the capital of Trakm8.

The following information regarding Mark Richard Watkins' (aged 34) appointment is required to be disclosed under Schedule 2g of the AIM Rules for Companies:

Other directorships held:

Current:	Within the last five years:
Box Telematics Ltd	Watnets

Mr Watkins owns 250,128 Ordinary Shares in the capital of Trakm8.

There are no further disclosures to be made under Schedule 2g of the AIM Rules for Companies.

 

-Ends-

 

For further information please contact:

Trakm8 Holdings plc	01747 858444
John Watkins, Executive Chairman
James Hedges, Finance Director
MHP Communications	020 3128 8100
Reg Hoare / Jade Neal
finnCap	020 7220 0500
Ed Frisby / Christopher Raggett – corporate finance Joanna Weaving – corporate broking

About Trakm8

Trakm8, the M2M telematics company using Big Data analytics to improve driver behaviour is a leading technology designer, developer and manufacturer of telematics products and solutions.

The Group, based in Shaftesbury, Dorset, distributes its hardware and software through a network of distributors worldwide. In addition the Group provides vehicle monitoring and tracking services direct to the B2B market. Trakm8's IP owned products and services allow vehicles and drivers to be monitored, allowing organisations to manage deliveries and services, or track stolen vehicles down to five metres.

Recently Trakm8 have developed the T10 product range, which includes a self-install telematics device. The Group's services also include driver behaviour management solutions that can reduce fuel consumption by 10% or more, reduce risk of accidents, logistics routing & scheduling packages, and tachograph data reporting. The Group's customers include Direct Line Group, Eon, the AA, Fujitsu and Kubota.

Trakm8 has been listed on the AIM market of the London Stock Exchange since 2005.

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Further to the announcement made by the Company on 28 May 2015 regarding the proposed acquisition of Cision UK Limited and Vocus UK Limited (collectively, "C&V"), the Company (AIM: ACC) is pleased to announce that it has entered into an asset purchase agreement to acquire 100 per cent. of the business and certain of the assets of C&V for an aggregate cash consideration of £1.34 million (the "Acquisition").

C&V are the UK divisions of the Cision group, a global software provider to the public relations and marketing industries. C&V are leading providers of Integrated Management Solutions ("IMS") in the UK market and currently support in excess of 1,500 SaaS customers on predominantly annual contracts across a wide range of industries. C&V generated pro forma 2014 revenues of c. £9.8 million and pro forma adjusted 2014 EBITDA of c. £0.5 million. The net assets, the subject of the transaction, are c. £0.9 million.

Rationale for the Acquisition

The Board believe the Acquisition will provide the Group with a developed media contacts database which will strengthen the long term ability of Group subsidiary AIMediaComms Limited ("AIMC") to compete within the IMS market in the UK.

C&V's 2014 revenues were derived approximately 87 per cent. from subscriptions (annual software and content contracts) and 13 per cent. from transactional business (professional services, print clips, press releases). In 2014, approximately 75 per cent. of its clients from the private sector and 25% from non-profits, government and education.

Commenting on the Acquisition, Michael Jackson, Chairman of Access Intelligence plc, said:"The acquisition and integration of a premium media database will considerably augment our leading media relations management platform, Vuelio. It will enhance our ability to provide the best possible service to the combined client base, across the private, public and not for profit sectors.  The acquisition of the UK operations of Cision and Vocus clearly demonstrates our continued commitment to the investment in our platform and our future development plans will significantly drive the PR and media intelligence industry forward in the UK."

Asset Purchase Agreement

The Company will acquire 100 per cent. of the business and certain of the assets of C&V including:

•  a media contacts database including over 60,000 contacts, providing PR customers access to profiles and contact information for journalists and media outlets;
• in excess of 1,500 C&V UK customer contracts; and
• C&V's third party supplier agreements (predominantly content subscriptions).

In addition, approximately 85 employees will be transferred as part of the Acquisition.

Subscription

The Group has conditionally raised £3.03 million before expenses through the issue of 40,400,001 new ordinary shares of 0.5p per share at a subscription price of 3p per share to raise £1.21 million ("Subscription Shares") and the issue of £1.82 nominal 2015 loan notes ("2015 Loan Notes") ("Subscription").

The Subscription Shares once issued will rank pari passu with the existing ordinary shares. Application will be made for the Subscription Shares to be admitted to trading on AIM ("Admission"). It is expected that Admission will become effective and dealings in the Placing Shares will commence by 8.00 a.m. on 22 June 2015.

The 2015 Loan Notes once issued are repayable 5 years and one month after their issue date and accrue interest at 10 per cent. per annum (payable quarterly) up until the first Anniversary of their issue. Thereafter, they accrue interest at 12 per cent. per annum. In the event the 2015 Loan Notes are repaid before the first Anniversary of their issue date, the Company will be required to pay an early redemption charge to the holders of these notes so that the return on the investment is equal to not less than 10 per cent. of the nominal value held.

The proceeds of the Subscription have been raised from existing shareholders and loan note holders of the Group.

The net proceeds from the Subscription amount to approximately £2.9 million, after expenses, and will be applied as to £1.34 million to satisfy the consideration for the Acquisition with the balance being used for working capital and post-acquisition integration costs.

Following Admission of the Subscription Shares, the Company's enlarged issued share capital will consist of 275,510,348 ordinary shares with voting rights. This number may be used by shareholders, following the Subscription, as the denominator for the calculations by which they will determine if they are required to notify their interest in, or a change to their interest in, the share capital of the Company under the Financial Conduct Authority's Disclosure and Transparency Rules.

Related Party Transaction

Elderstreet VCT plc ("Elderstreet") is a substantial shareholder in Access Intelligence and therefore the Subscription by Elderstreet of £200,000 (satisfied by the issue of 6,666,667 new ordinary shares at 3p per share) and £300,000 nominal of the 2015 Loan Notes is considered to be a related party transaction pursuant to Rule 13 of the AIM Rules. The independent directors of Access Intelligence, having consulted with the Group's nominated adviser, Sanlam Securities UK Limited, consider the terms of the 2015 Loan Notes to be fair and reasonable insofar as shareholders are concerned.

Following the Subscription, Elderstreet will hold 39,671,666 ordinary shares equivalent to 14.44 per cent. of the enlarged issued share capital of the Company.

In addition, Elderstreet has agreed to rollover, on the same terms, the £500,000 nominal 2009 loan notes due for redemption in December 2015 until such time as the 2015 Loan Notes are redeemed. This transaction is also deemed to be a related party transaction pursuant to Rule 13 of the AIM Rules. The independent directors of Access Intelligence, having consulted with the Group's nominated adviser, Sanlam Securities UK Limited, consider the terms of the rollover of the 2009 loan notes to be fair and reasonable insofar as shareholders are concerned.

Directorate Change

The Board of Access Intelligence announces that Kole Dhoot, the Company's Chief Financial Officer, has resigned with immediate effect, after an extended period of absence. A process to find his replacement is underway and a further announcement will be made in due course.

For further information:

Access Intelligence plc	0843 659 2940
Michael Jackson (Non-Executive Chairman)
Joanna Arnold (CEO)
Sanlam Securities UK Limited (Nominated Adviser & Broker)	020 7628 2200
Simon Clements/Virginia Bull

 

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Obtala Resources Limited (AIM:OBT), the vertically integrated agribusiness, timber and retail company, is pleased to provide the following update on its timber operations:

Key Points

• Timber acreage in Mozambique to be increased by 13%
• New forestry asset valuation commissioned
• Board agrees strategy for realising value of forestry assets

Two new timber concessions to be acquired

The Company is, subject to Government approval, completing the acquisition of 50 year leases for two new timber concessions totaling 35,000 hectares in Mozambique to bring the total forestry area to 314,965 hectares. This provides for a 13% increase in its current land holdings. The new blocks are situated adjacent to our main operational centre and, together with the existing holdings, provide a critical mass in terms of approved annual permitted cut. The Company has commissioned Honour Capital, a specialist forestry advisory and management Company, to undertake a valuation review of the new blocks. Honour Capital prepared a valuation report in June 2014 which attributed a NPV to the timber business of US$161 million at a 12% discount based on a 10 year cash flow model.

Plant investment

The Company intends to make a cash injection of $300,000 for additional capital equipment to increase the operational productivity and improve on-site capability to produce value-added end products; such as traditional decking, decking tiles, window and door frames. The supply of these products will provide additional value uplift to the revenues generated from the concessions and will provide for additional employment and training for the local population.

Operations

The Company resumed field operations at the start of the logging season in April and is supplying processed timber to Mozambican based construction companies for the rapidly expanding housing market throughout Mozambique which is forecast to grow over the next few years. Due to strong local demand for timber, the Company is not planning on exporting timber this year. Mozambique's GDP is forecast to grow on an annual basis at 7.5% between 2015-19 (Source: Economist 2015) with demand for timber products and timber sales prices increasing. Negotiations continue with respect to the potential participation of the timber opportunity in Brazil and contract logging in Mozambique.

Commenting on today's announcement, Francesco Scolaro, Chairman of Obtala, said:

"We are dedicated to making the timber operations a great success in Mozambique where we have built a highly efficient operational platform over the past few years. The additional land holdings provide security that we can achieve higher production levels. In tandem, we are making a capital injection to increase and improve our operational capacity and offer a wider range of timber products to the growing local market.

"The Board of Obtala has also agreed a strategy to divest the forestry division thereby recognizing its true value and to grow the business in Mozambique more expeditiously.  We will provide further updates to shareholders in due course."

Obtala Resources                                                           +44 (0)20 7099 1940

Francesco Scolaro – Chairman                                         

Simon Rollason – Managing Director

www.obtalaresources.com

ZAI Corporate Finance Limited (Nomad)                      +44 (0)20 7060 2220

Richard Morrison

Irina Lomova

Brandon Hill Capital  (Broker)                                       +44 (0)20 3463 5000

Jonathan Evans

Square 1 Consulting (Public Relations)                       +44 (0)20 7929 5599

David Bick

Mark Longson

Notes:

Information on Honour Capital

Honour Capital is an independent consultancy that specialises in providing a comprehensive forestry investment and management services, and regulated and authorised to conduct investment appraisals and analysis of forestry by the Royal Institution of Chartered Surveyors (RICS).

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• Avanti Communications secures contract with South African state owned SENTECH
• Multi-year contract to deliver significant deployments across public sector services and government sites
• SENTECH reports into the Ministry of Telecommunications and Postal Services

Avanti Communications has signed a new multi-year contract with SENTECH, a state owned enterprise operating in the telecommunications sector in Africa. SENTECH delivers satellite broadband connectivity to South Africa's public sector at scale, across hundreds of public state institutions and government sites.

Kganki Matabane, Chief Operations Officer at SENTECH, said: "We are delighted to unveil our new partnership with Avanti, which enhances SENTECH's data connectivity technology platform in order to fulfil our public service mandate. This will enable us to provide robust connectivity services which extend our broadband infrastructure to some of the most remote sections of the country. Avanti's satellite broadband service will allow SENTECH to enhance public value to a vast range of institutions across the country."

David Williams, Avanti CEO commented: "The award of such an important contract for the delivery of vital connectivity to public sector users in South Africa is a strong indication of Avanti's competitive advantages. Through this valuable partnership with SENTECH, we look forward to making a strong contribution to the efficiency of public services across South Africa."

Service will be supplied using Avanti's HYLAS 2 Ka-band satellite, which has 100% coverage of South Africa.

Notes to Editors

For further information please contact:

Avanti: Matthew Springett, +44 (0)207 749 6703

Montfort: Nick Miles / James Olley, +44 (0)203 770 7909

Redleaf: Hannah Nicolas, +44 (0)207 382 4734

Cenkos Securities: Max Hartley (Nomad) / Julian Morse, +44 (0)207 397 8900

About SENTECH

SENTECH is a State Owned Company (SOC) operating in the broadcasting signal distribution and telecommunications sectors and reporting to the Minister of Telecommunications and Postal Services. SENTECH's signal distribution network forms the backbone of broadcasting in South Africa. 

In line with the Electronic Communications Act and Sentech Act, SENTECH's primary public service mandate is "…to provide electronic communications services and electronic communications network services." Within this context the Government sees Sentech as an intervention vehicle in the communications sector through network based infrastructure.

Visit: www.sentech.co.za

About Avanti Communications 

Avanti connects people wherever they are – in their homes, businesses, in government and on mobiles. Through the HYLAS satellite fleet and more than 150 partners in 118 countries, the network provides ubiquitous internet service to 27 per cent of the world's population. Avanti delivers the level of quality and flexibility that the most demanding telecoms customers in the world seek.

Avanti is the first mover in high throughput satellite data communications in EMEA. It has rights to orbital slots and Ka-band spectrum that cover an end market of over 1.5bn people. The Group has invested $1.2bn in a network that incorporates satellites, ground stations, datacentres and a fibre ring. Avanti has a unique Cloud based flexible customer interface that is protected by patented technology. 

The Group has three satellites in orbit and a further two fully funded satellites under construction. Avanti Communications is listed in London on AIM (AVN:LSE). 

Visit: www.avantiplc.com

 

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Croma Security Solutions Group plc ("CSSG" or the "Company"), the AIM listed total security services provider, is pleased to announce that it has entered into three new contracts with major UK firms.

Croma has signed a further three year contract with ODEON, one of the UK's Largest Cinema Chains, to provide planned maintenance, servicing, installation and upgrade works to its cinemas. The contract is expected to total between £1.1 and £1.2 million over the three year period.

Croma signed a further five year contract with Global Hotelier Hilton Hotels, to continue routine maintenance of revenue parking systems & servicing, expected to total £0.9 million over the five year period, with the possibility of additional revenue for upgrade works over the tenure of the contract.

The Company was also awarded the contract for the installation of an incredibly secure Fastvein biometric access control system into the second largest Bank in the UK, working in partnership with Hitachi, for an undisclosed value.

Commenting on these contract wins, Sebastian Morley, Chairman of CSSG, said:  

"These contract wins mark steady progress in our provision of security solutions to UK and International clients. The contract win for the provision of Fastvein to a major international bank is significant. We have developed Fastvein in conjunction with Hitachi and this has led to a formal partnership. Fastvein provides the simplest, most accurate and fastest biometric access control, time and attendance and identification management system in the market. A contract win with a major bank opens up the financial sector and validates the considerable benefits of Fastvein."

Enquiries:

Croma Security Solutions Group Plc

Sebastian Morley (Chairman)

07768 006 909

 

WH Ireland

(Nominated Adviser and broker)

Adrian Hadden

Mark Leonard

0207 220 1666

 

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