www.zoodigital.com
ZOO Digital Group provides software and related services that support the authoring, re-purposing and distribution of creative media. ZOO’s products form an integrated suite of web-based and desktop applications for audio/visual content and printed materials, adapting these media for different languages, formats and delivery mechanisms.
ZOO’s services enable quicker and more cost effective processes across a wide range of applications and formats, including packaging, printed materials, DVD, Blu-ray Disc, video on demand, electronic sell-through, broadcast, music and electronic books
Zoo Digital on track to meet market expectations
At today’s AGM, ZOO Digital (LON:ZOO) chairman Roger Jeynes will tell investors that the company has a solid platform for growth and it is on track to meet market expectations in the current financial year.
The firm, which develops software to adapt media content to suite different geographic settings, has been working hard to diversify its business in recent months.
"The company continues to add to its suite of software and seek additional uses for its work flow management tools and now has a much broader offering and addressable market than ever before,” Jeynes said in a stock market statement.
“Whilst the mainstay of our business remains working with the major Hollywood studios, we have managed to diversify our product offering to be relevant to a much greater audience.”
He added: “the continuing upheaval in the filmed entertainment industry has affected the work flow from our major customer, however, the subsequent recovery in this work has been encouraging.”
Last month following its final results, for the year ended March 30 2011, in which it reported pre-tax profits of US$511,000 (2010: US$868,000 loss), the group raised £1.7 million via a share placing priced at 40 pence.
With the support of this new capital the group has made ‘great advances’ in the electronic sell through market – which refers to the sale of media content, such as video, over the internet via downloading - and our relationship via its relationship with Multi Packaging Solutions Inc. Jeynes said that this part of the business continues to highlight attractive possibilities in a wide range of industries.
Jeynes also emphasised that the rapidly growing e-Book market also represents an exciting opportunity for the company. In June Zoo told investors that it was working with a number of traditional book publishers in the US and Europe and its eBook Builder software application would be used across a wide range of genres including picture books, comics, travel guides, cookery books and reference publications.
"Following the completion of our recent fundraising and the restructuring of our convertible loan notes, we are pleased to report that ZOO has a sound balance sheet and a solid platform for further growth,” Jeynes said.
He added: "Whilst it is still clearly early in the current financial year, the Board believes that we are on track to meet market expectations."
