DGAP-News: Venatus Interactive PLC: Tangibal subsidiary Ridercam Systems gets approval for Launch at Knotts Berry Farm, California
(firmenpresse) - DGAP-News: Venatus Interactive PLC / Key word(s): Miscellaneous
Venatus Interactive PLC: Tangibal subsidiary Ridercam Systems gets
approval for Launch at Knotts Berry Farm, California
25.06.2012 / 15:37
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California / London, June 25th 2012. Tangibal Ventures, the investment arm
of Tangibal Group Plc (a 13 % holding of the Venatus Interactive plc), is
pleased to announce that the Californian State Department of Occupational
Safety and Health - an institution equivalent to the German TÜV - has
approved the installation of the Ridercam camera systems on the Sidewinder
rollercoaster at Knotts Berry Farm, a Cedar Fair Theme Park.
Ridercam Systems Ltd, a subsidiary of Tangibal Ventures, signed an
agreement in June 2011 with Qualex Inc, a division of Kodak, the global
leading provider of personalised photo souvenirs in Theme Parks, to
integrate its video capture system with their park retail solution on a
coaster at Knotts Berry Farm (a Cedar Fair park) in California. This is the
first cooperation with a retail provider and the first installation in the
US which will generate content revenues for the group and there are further
parks now in negotiation with Kodak for installations in the US and
overseas.
Ridercam's focus is to enable its strategic partner Kodak to record and
sell videos that capture the experiences of customers on roller coaster
rides. (see video at: www.ridercam.de). Two Ridercam Systems are already
installed in Germany at Europa Park and Tripsdrill. These systems have been
successfully operating for over three years and were sold to the above
parks - therefore Ridercam doesn't benefit from residual revenue streams
from those Parks. The contract with Kodak, however, is based around a
revenue share on each movie sold. The key development markets for Ridercam
are the US and Asia.
The 2011 Global Attractions Attendance Report from the Themed Entertainment
Association (TEA) reported not only a 4.8% growth in global park attendance
where 198.1 million people went to the top 25 theme parks alone it also
reported that Asia was up 9.4% with attendance of 105.1 million in their
top 20 parks.
The long-term strategy of Ridercam Systems is to become the technology
provider of platforms that enable the sale of digital video personalised
souvenirs to the visitors of theme and amusement parks. Personalised
souvenirs account for between 10% and 30% of in-park spending by visitors.
The average price for a DVD in a theme park is $15. Combined with increased
global attendances, the propensity for people to buy personalized souvenirs
represents a potentially significant global business which will result in a
constant revenue steam to Tangibal Group.
Following the California State Department of Occupational Safety and Health
approval,the Ridercam system is now expected to be operating from July
2012.
About Tangibal:
Formed in 2008, Tangibal Group Plc has established itself as a vision
leader in interactive media and experiential advertising.
Our goal is to deliver solutions that entertain, inform and motivate. See
www.tangibal.com for more information.
About Ridercam:
Ridercam is a video-capture system that films people on
roller coasters, rides and attractions whereby at the end of the ride
people can purchase a DVDor a video download of their experience - like a
still photo but video. Take a look at www.ridercam.de
About Qualex Inc - Event Imaging Solutions, a division of Kodak:
KODAK, Qualex Inc Event Imaging Solutions are the global leader in creating
imaging services and solutions that deliver once-in-a-lifetime memories at
Iconic Destinations, Malls, Theme Parks, Restaurants and Resorts. We
leverage the latest of Kodak's technology to create innovative souvenir
products to treasure and
share.
About Venatus Interactive Plc:
Venatus Interactive PLC was founded in 2010 with the purpose of investing
and taking part in the enormously exciting, high growth interactive
technology and social gaming industry, through direct investment in up and
coming companies identified and selected by our team as potential new stars
on the interactive gaming scene, and its ancilliary industries as well as
investment in current established gaming companies with a proven track
record of excellent returns. See www.venatusinteractive.co.uk for further
information.
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Disclaimer: The information in this press release constitutes
'forward-looking information'. Other than statements of historical fact,
all statements are 'Forward-Looking Statements' that involve such various
known and unknown risks, uncertainties and other factors. There can be no
assurance that such statements will prove accurate. Results and future
events could differ materially
from those anticipated in such statements. Readers of this press release
are cautioned not to place undue reliance on these 'Forward-Looking
Statements'. Except as otherwise required by applicable
securities statutes or regulation, the Company expressly disclaims any
intent or obligation to update publicly forward-looking information,
whether as a result of new information, future events or otherwise.
End of Corporate News
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25.06.2012 Dissemination of a Corporate News, transmitted by DGAP - a
company of EquityStory AG.
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DGAP's Distribution Services include Regulatory Announcements,
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Media archive at www.dgap-medientreff.de and www.dgap.de
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175317 25.06.2012
Themen in dieser Pressemitteilung:
venatus-interactive-plc-tangibal-subsidiary-ridercam-systems-gets-approval-for-launch-at-knotts-berry-farm
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Unternehmensinformation / Kurzprofil:
Datum: 25.06.2012 - 15:37 Uhr
Sprache: Deutsch
News-ID 159527
Anzahl Zeichen: 7547
contact information:
Kategorie:
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