Tangibal announces further revenue growth in the first two months of the quarter and new investment
(firmenpresse) - Tangibal announces further revenue growth in the first two months of the quarter and new investment
London, 12th June 2013. Tangibal Group Plc is pleased to announce that revenue for April and May 2013 has exceeded management expectations with over €350,000 of invoiced revenue.
VP Networks Limited (formerly known as Infotech Digital) a wholly owned subsidiary of Tangibal Group Plc has taken screen system orders with a gross revenue of over €200,000.
Tangibal Media and its Cinema network continues to deliver strong media sales with brands such as Microsoft, HTC, O2, Heineken, Peugeot, Red Bull and Sony advertising on the network delivering gross revenue of over €150,000.
We are also pleased to announce that the company has successfully raised (subject to the passing of certain resolutions at the forthcoming AGM and contractual closing) a further €250,000 in a mixture of debt and equity with circa €130,000 in equity coming from existing shareholders / directors in the Group.
Dominic Brookman CEO commented, “Following the disappointment of the contract breach for the investment from CTS Tandem Solar your board has been working hard securing new contracts to enable the Group to grow. The fruits of this endeavour are now beginning to show and we are confident that with a combination of media and system sales we can start to deliver positive results for shareholders. May I take this opportunity to thank our shareholders for their continued support.”
For further information please contact:
Tangibal Group PLC
+44 207 754 0459
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.
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
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.
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Tangibal Group PLC
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