News

ATM advertising firm announces positive first-half results

July 3, 2012

I-design Group Plc, a developer and supplier of ATM and self-service marketing solutions for the banking industry, announced positive half-year results recently. Company chairman, James Faulds, expressed optimism about future prospects for i-design.

Highlights from the first half of the year include: 

• Revenue up by 13 percent to £1,606,000 ($2,519,814) compared with £1,427,000 ($2,238,963) for the same period in 2011
• Operating profit of £44,000 ($69,036) compared with an operating loss of £106,000 ($166,314) in 2011
• Profit before tax of £45,000 ($70,605) compared with a loss before tax of £105,000 ($164,745) in 2011
• Profit per share (basic and diluted) of 0.5p (8 cents) compared with a loss per share of 0.4p (6 cents) in 2011

Significant recent developments for i-design include:

• Major new contract signed with leading Canadian bank in November 2011:
• Major contract signed with First Data
• Additional 3,000 software licenses purchased by Barclays Bank and Cardtronics Inc.
• Total licensed ATM and self-service estate of approximately 28,000 devices; up from approximately 21,500 devices as of September 30, 2011

Faulds indicated that i-design's updated software platform, joono, was at the core of the company's successful half.

"Joono provides a comprehensive solution, handling all aspects of campaign management from booking, scheduling, distribution, playback and reporting," Faulds said in a statement, "Importantly, any advertising is displayed during the 'dead space' in a transaction, when customers are waiting for their cash, card or receipt and it therefore does not extend customers' time at the cash machine. joono is also unique in being platform independent, running on any type of Windows-based ATM environment."

Growth prospects for i-design remain encouraging, said Faulds, as the company's potential customer base is significant and its ability to help customers generate revenues from their ATM estates is a compelling sales message. "We believe that the highly accountable, focused nature of ATM advertising represents an attractive option for advertisers," Faulds said.

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