NAPS Napster Group Plc

 
TIDMIPNT 
 
4 December 2009 
 
                               iPoint-media plc 
 
                       ("iPoint-media" or "the Company") 
 
                        Contract win and trading update 
 
Leading Chinese national MobileTV Operator selects iPoint-media's GOliveStudio 
 
iPoint-media (AIM:IPNT), a provider of live, interactive video applications and 
content delivery platforms for web and 3G mobile announces that a Chinese 
national MobileTV operator has selected the Company's new product GOliveStudio 
(based on the Vitrage video application platform and the GOliveTV application) 
for immediate deployment. The purchase of the GOliveStudio enables the MobileTV 
Operator's production workstations to manage, audit and publish video 
interactive show settings and production. 
 
As part of the contract, the MobileTV operator has also been granted options to 
purchase additional GOliveStudio licenses for more workstations on the same 
terms. The contract currently represents a few hundred thousand US Dollars in 
revenue for iPoint in software licence and services. 
 
Trading update 
 
The Chairman's Statement which accompanied the interim results for the six 
months ended 30 June 2009 stated that the results for the full year to 31 
December 2009 would be largely dependent on contracts which were expected to be 
signed in the second half of the year, particularly the fourth quarter. 
Notwithstanding the above contract win, the Company has experienced slippage of 
two major tenders with telecoms companies which were anticipated to be signed 
and delivered prior to 31 December 2009. The Company has now been advised that 
the decisions on awarding the contracts have been delayed into 2010.  As a 
consequence, the Directors expect that, despite anticipating to breakeven at 
the earnings before interest and tax, depreciation and amortisation level for 
the last quarter of 2009, the Company's revenue for the year ending 31 December 
2009 will be materially below market expectations and that the Company will 
incur a significant loss before interest and tax. The Directors believe that 
the revenue for the year ending 31 December 2009 will be approximately GBP1.2 
million, representing a 37 per cent. increase on the 2008 revenues and the loss 
before interest, tax, depreciation and amortisation for the year ending 31 
December 2009 will be of the order of GBP0.5 million, representing a 60 per cent. 
decrease in the loss before interest, tax, depreciation and amortisation when 
compared to the comparable period in 2008. 
 
Muki Geller, iPoint-media's CEO, commented: 
 
"I am disappointed that the decisions on two major contracts have been delayed 
until 2010. 
 
Our strategic decision to open a representative office in China earlier this 
quarter is important for the company and we're happy to have received our first 
purchase order from a leading Chinese National MobileTV Operator so soon after 
we started activities in China and hope that it is an indication of the large 
potential of the Chinese market for our Vitrage video application platform. 
 
Selecting iPoint-media for this project shows again that Vitrage is the 
platform of choice for the delivery of new interactive visual experiences for 
the Media companies and the advantage of the iPoint's GOliveStudio product" . 
 
Further enquiries: 
 
iPoint-media plc                                               +(0) 972 544 450667 
 
Muki Geller 
 
Merchant John East Securities Limited                           +44 (0) 207 6282200 
 
David Worlidge/Bidhi Bhoma 
 
 
 
END 
 

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