MediaZest completes installation of 'proof of concept' project

MediaZest signed a service agreement contract with First Rate Exchange Services back in July and has now installed its digital signage boards in 50 Post Office locations over the last three months.

The AIM-listed group stated the digital signage boards will offer Post Office customers daily live exchange rates, supporting marketing materials and offers relating to Post Office's foreign currency exchange services.

"If the project is successful in demonstrating digital currency boards as an effective alternative to the current static displays, the Directors expect there to be an opportunity for MediaZest to expand this engagement. First Rate currently provides rate boards to approximately 1,500 Post Office branches and supply currency exchange services to a range of clients," said MediaZest.

As of 1025 GMT, MediaZest shares were up 6.80% at 0.08p.

Reporting by Iain Gilbert at Sharecast.com