Proactiveinvestors United Kingdom Milestone Group PLC https://www.proactiveinvestors.co.uk Proactiveinvestors United Kingdom Milestone Group PLC RSS feed en Tue, 18 Jun 2019 18:12:48 +0100 http://blogs.law.harvard.edu/tech/rss Genera CMS action@proactiveinvestors.com (Proactiveinvestors) action@proactiveinvestors.com (Proactiveinvestors) <![CDATA[News - Milestone Group shares jump higher after £1.5mln fund raising boost ]]> https://www.proactiveinvestors.co.uk/companies/news/180604/milestone-group-shares-jump-higher-after-15mln-fund-raising-boost-180604.html Shares in Milestone Group PLC (LON:MSG) were higher after it announced raising £1.5mln through a subscription of 5.2mln shares at 0.29p each by Para & Co (UK) Ltd, a private limited company wholly-owned by businessman, Dr. Ramesh Para, who will join the AIM-listed firm's board.

Para & Co (UK) Ltd has agreed to fund Milestone in advance of the subscription monies through a convertible loan note totaling £400,000. Any draw down from the note will form part of the £1.5mln funds due and will be converted into ordinary shares in Milestone.

The convertible loan note may be drawn down in two tranches, the first by 15 July and the second by 15 August, the firm said.

The deal is subject to shareholder approval at a general meeting.

Para & Co has undertaken that it will not hold more than 29.9% of Milestone and Dr. Ramesh Para is intended to become a director of the digital media, technology and social impact solutions provider.

Further appointments are expected to be made to the board and management team in the near future to support the restructuring of the business, the group added.

Deborah White, CEO of Milestone said: "Following the recent review and refocusing of the business this investment gives the company a combination of financial security and access to an extensive network of commercial opportunities for the technology based products and services made available via the company's subsidiary Nexstar."

In late morning trading, Milestone shares were over 14%, or 0.02p higher at 0.16p.

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Mon, 10 Jul 2017 09:33:00 +0100 https://www.proactiveinvestors.co.uk/companies/news/180604/milestone-group-shares-jump-higher-after-15mln-fund-raising-boost-180604.html
<![CDATA[News - Milestone issues shares at deep discount ]]> https://www.proactiveinvestors.co.uk/companies/news/173805/milestone-issues-shares-at-deep-discount-173805.html Shares in Milestone Group PLC (LON:MSG) lost around one-eighth of their value after the company lobbed out shares, raising just over a hundred grand.

The media company received £75,000 after placing shares at 1.5p a pop – the same price it had previously, and unsuccessfully, tried to place them at last year.

Read Milestone to try again with share placing

The same company that took 5mln shares at 1.5p also subscribed for 30mln shares at 0.1p each – the lowest price at which the company can issue new shares – yielding a further £30,000 for Milestone.

The net result is Milestone effectively received 0.3p a share for the newly issued shares.

The shares fell from last night’s close of 0.355p to 0.31p.

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Mon, 27 Feb 2017 10:21:00 +0000 https://www.proactiveinvestors.co.uk/companies/news/173805/milestone-issues-shares-at-deep-discount-173805.html
<![CDATA[News - Milestone to try again with share placing ]]> https://www.proactiveinvestors.co.uk/companies/news/170113/milestone-to-try-again-with-share-placing-170113.html Milestone Group PLC (LON:MSG) is to have another go at a share placing, after its October fund-raising fell apart.

On 20 October the media company announced it had placed 92.3mln shares at 1.5p a share, which raised eyebrows in some quarters, as the day before the shares had closed with a mid-market price of 1.3p.

On 9 November, it emerged that one investor sourced by the company had not stumped up the £1.25mln for the shares it had committed to buy. Milestone said its legal advisers have told it that the 92.3mln shares, including those earmarked for the recalcitrant investor, were validly allotted and issued. Milestone intends to pursue the reluctant investor for the outstanding funds.

In the meantime, Milestone’s broker has returned the £135,000 it received from those investors who did stump up the cash for the company’s newly issued shares.

The company, which has limited cash resources, is trying to get another placing off the ground but with the share price now trading at half a penny each, it looks nailed on that any shares placed will not be at the generous 1.5p level of the abortive October placing.

Shares in Milestone rose 5.3% on the news. 

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Wed, 07 Dec 2016 12:13:00 +0000 https://www.proactiveinvestors.co.uk/companies/news/170113/milestone-to-try-again-with-share-placing-170113.html
<![CDATA[News - Milestone JV launches digital content platform ]]> https://www.proactiveinvestors.co.uk/companies/news/111177/milestone-jv-launches-digital-content-platform-111177.html Milestone Group (LON:MSG), the media and tech group, said its joint venture Nexstar had launched it digital delivery platform - Backstage HD.

It allows users to access global digital content including movies, TV shows, eBooks, music, apps and games from a range of global partners and  Milestone chief Deborah White said it would create new revenues and raise the profile for Milestone and its Passion Project network.

Milestone has a 51% interest in Nexstar, which is the vehicle formed when it joint ventured with Black Cactus Holdings in July this year.

The new 51:49% venture is aimed at giving  Black Cactus a UK base and distribution partner, while Milestone obtains an enhanced  product offering and additional revenue growth opportunities.

Lawrence Cummins, managing director of Black Cactus told investors today: "We are thrilled to have reached this point in the development of our HD Platform and look forward to deploying it through Nexstar to help achieve the board's vision and to drive additional revenue for our partners and clients."

Milestone shares are unchanged at 0.40p.

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Mon, 28 Sep 2015 08:34:00 +0100 https://www.proactiveinvestors.co.uk/companies/news/111177/milestone-jv-launches-digital-content-platform-111177.html
<![CDATA[News - Milestone Group revenues ramping up ]]> https://www.proactiveinvestors.co.uk/companies/news/108485/milestone-group-revenues-ramping-up-108485.html Milestone Group (LON:MSG), the media and tech firm, saw a step up in revenues in its latest half year

The figure, at £260,000 for the six months to end March, exceeded the revenue for all of 2014 of £157,000, the group said, mainly thanks to youth unemployment programme  Passion project.

Passion is now attracting fee paying corporate members. For example, in January this year, it signed a sponsorship deal worth £130,000 for the careers profiling tool of the Passion Project, called the Game.

And in March 2015 the firm announced the 5-month sponsorship of BE United, the football related engagement activity, for a total of £50,000 per month.

Deborah White, chief executive, said: "The board is pleased with the continued development of each sector of the business, particularly the revenues being generated by the Passion project following a long development phase. 

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Mon, 29 Jun 2015 10:14:00 +0100 https://www.proactiveinvestors.co.uk/companies/news/108485/milestone-group-revenues-ramping-up-108485.html
<![CDATA[News - Milestone Group focused on revenue generation ]]> https://www.proactiveinvestors.co.uk/companies/news/66573/milestone-group-focused-on-revenue-generation--77685.html Digital media firm Milestone (LON:MSG) said each of its businesses is showing revenue potential as it posted a pre-tax loss in the year to end September, 2014.

Chief executive and interim chairman Deborah White told investors: "We are pleased with the developments during the period and particularly since the period end.

"Each of the separate business offerings has shown the beginnings of their revenue potential with growing interest being shown from an ever-expanding customer base and further new revenues visible in the near future."

The Passion Project, aimed at combating youth unemployment, officially launched on December 10 last year and the potential for it to be expanded has been proved, said White.

It has now started to attract fee paying corporate members to its network. They can access Milestone's range of products and services to help support and deliver their Corporate Social Responsibility (CSR) activities.

The signing up of fee paying members as well as the first sponsor - trading firm CWM FX - unveiled last month,  demonstrates the immediate commercial viability of the project, said the group.

For the 12 months to end September, the loss before tax was £1.071mln compared to £980,570 in 2013.

Milestone said it continues to carefully manage its working capital position and will need to raise further monies through subscriptions for new shares in the short term to continue to support activities until they are fully revenue generating.

The strategy is to seek to raise funds on a basis that is fair to all, it said.

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Thu, 26 Feb 2015 07:54:00 +0000 https://www.proactiveinvestors.co.uk/companies/news/66573/milestone-group-focused-on-revenue-generation--77685.html
<![CDATA[News - UPDATE - Milestone Group agrees sponsorship deal with Forex trading firm CWM FX ]]> https://www.proactiveinvestors.co.uk/companies/news/65058/update-milestone-group-agrees-sponsorship-deal-with-forex-trading-firm-cwm-fx-75978.html --adds detail and comments from operations director--

Milestone (LON:MSG) has a new partner in the shape of London-based Forex trading firm CWM FX, which is sponsoring the Game, part of Milestone’s Passion Project.

The Game, a careers profiling tool matching up young people with job opportunities, forms one part of the Passion Project - the firm’s wider youth initiative.

The overall project aims to inspiring young people to achieve their true potential and help create employment opportunities.  

Although it has a charitable core, Milestone has been growing the number of fee paying corporate memberships and sponsorship opportunities.

CWM FX will be the sole sponsor of the Game for 12 months, paying an upfront fee of £130,000.

The firm is also joining the Passion Project as a corporate member and gains access to Milestone's products and services, including marketing campaigns, PR, advertising, product distribution, and digital consultancy.

Tony Sanders, Milestone’s IT and operations director said the Game is just one of the areas available for sponsorship on the firm’s online Passion Portal.

Deborah White, Milestone chief executive, said CWM has a strong business ethos which includes providing opportunities for young people and are renowned for their work in the charity sector. 

"I am delighted that they have chosen to partner with Milestone to help develop the Passion Project initiative, which not only looks to support the development of young people, but also aims to create a sustainable commercial business model for many worthy causes in the process. We are looking forward to developing the relationship."

Anthony Constantinou, chief executive of CWM World, added: "I firmly believe that the secret to success is people.

"The best leaders support people and take the time to find the talent waiting to shine, but they cannot reach everybody, making it especially difficult for those just starting out in their careers."

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Wed, 07 Jan 2015 13:50:00 +0000 https://www.proactiveinvestors.co.uk/companies/news/65058/update-milestone-group-agrees-sponsorship-deal-with-forex-trading-firm-cwm-fx-75978.html
<![CDATA[News - Milestone Group places shares at a premium ]]> https://www.proactiveinvestors.co.uk/companies/news/64755/milestone-group-places-shares-at-a-premium-75638.html Digital media specialist Milestone Group (LON:MSG) has raised £161,750 after placing shares at a premium to the current market price.

The group placed 16.18mln shares at a penny a pop; the shares eased 0.075p to 0.85p on the news.

The company now has 570.14mln ordinary shares in issue.

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Fri, 19 Dec 2014 15:43:00 +0000 https://www.proactiveinvestors.co.uk/companies/news/64755/milestone-group-places-shares-at-a-premium-75638.html
<![CDATA[News - Milestone passionate on adding social and shareholder value ]]> https://www.proactiveinvestors.co.uk/companies/news/64478/milestone-passionate-on-adding-social-and-shareholder-value-75317.html As environmental and social issues become ever more important for consumers and investors, businesses can no longer bury their heads in the sand.

Firms are expected to put their pounds to good causes and make a positive impact on the world around them – as well as maintaining and growing profits.

For Milestone Group (LON:MSG), carrying out these corporate social responsibilities (CSR) isn’t just a bolt-on activity - it’s become the heart of the business.

The firm has built up an ecosystem of complementary services based around commercial activities and social initiatives.

Take its Passion Project, which officially launched on Wednesday.

Essentially it is a digital platform designed to combat youth unemployment.

It does so by helping 16-24 year olds identify and develop their skills and passions, which are then matched up to “meaningful employment opportunities”.

The intriguing part is that its corporate social responsibility mixed with private enterprise.

The project has a charitable core, but it also lists a growing number of fee paying companies looking to “do their bit” for youngsters.

Businesses can spend a slice of their community budget to be part of the initiative, with an annual fee membership determined by number of staff, total assets and annual turnover.

Erith Demolition joined last week. For Erith it’s a chance to meet a so-called ‘Section 106 obligation’, a requirement placed on contractors to deliver social value with their work.

The Rank Group, the owner of Grosvenor Casinos and Mecca bingo clubs, also joined last week with others are expected to be announced shortly.

Given Milestone’s impressive network of strategic contacts in business, public service and the third sector, chief executive Deborah White sees no limit to the project’s potential.

“Connecting organisations and businesses, information and customers is what we are about”, she said.

“The Passion Project allows us to act as an aggregator, broadening cross sector partnerships and appealing to the masses.

“It’s a chance for firms to build their community engagement and training while also promoting their own venues and activities.”

Award winning UK rapper Plan B and former Chelsea, Aston Villa and Celtic footballer Paul Elliot have both come on board as ambassadors, lifting its profile.

The firm’s main focus remains in the digital media and education space and the project allows it to grow the reach of its digital services and mobile solutions offering in the process.

This way it combines its vision to build shareholder value positive social value.

Milestone’s Winning in the Game of Life is another project that fits into the same category.

In broad brush terms, it is a school curriculum-based programme designed to build young people’s emotional intelligence. This, in turn, boosts self-esteem and builds relationships.

Similar to the way contractors can tick a Section 106 box, head teachers can score extra brownie points with Ofsted inspectors if they sign up for a fee.

With Milestone, it’s not a case of a listed firm being dragged down a charity route, but rather that of a media firm hoping to benefit communities, clients and of course its own balance sheet.

With the shares up shares up 75% in the year to date investors appear to be getting the message.

“The Passion Project linked with our core businesses gives us the opportunity to develop something unique within the marketplace that we believe has enormous potential and significant social value,” White said.

The first phase of the Passion Project website is now live - https://passionproject.org.uk

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Thu, 11 Dec 2014 15:23:00 +0000 https://www.proactiveinvestors.co.uk/companies/news/64478/milestone-passionate-on-adding-social-and-shareholder-value-75317.html
<![CDATA[News - Milestone Group shares gain ahead of Passion Project launch ]]> https://www.proactiveinvestors.co.uk/companies/news/64336/milestone-group-shares-gain-ahead-of-passion-project-launch-75165.html Milestone Group (LON:MSG) shares climbed 16% higher after the firm said its new youth employment initiative will kick off on Wednesday.

Called the ‘Passion Project’, the scheme helps disadvantaged children in communities by matching up their skills with employment opportunities.

Although the project has a charitable core, Milestone is hoping to grow the number of fee paying corporate memberships while also expanding its existing reach for digital services and mobile solutions offering in the process.

Businesses can spend a slice of their community budget to be part of the initiative, with an annual fee membership determined by number of staff, total assets and annual turnover.

Erith Demolition and The Rank Group joined last week with others are expected to be announced shortly.

Milestone’s chief executive Deborah White sees the initiative as a chance for firms to build their community engagement and training while also promoting their own venues and activities.

The firm’s main focus remains in the digital media and education space. At the same time it is developing relationships in the charitable sector, combining its vision to build shareholder value promoting its products and services designed to achieve “positive social value”

It has recently described the Passion Project as its “flagship product”.

The company is holding an official launch event at the Cass Business School on Wednesday.

Shares were trading at 0.9p.

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Mon, 08 Dec 2014 15:10:00 +0000 https://www.proactiveinvestors.co.uk/companies/news/64336/milestone-group-shares-gain-ahead-of-passion-project-launch-75165.html
<![CDATA[News - UPDATE - Milestone Group shares up 5% as it signs first employer to its Passion Project ]]> https://www.proactiveinvestors.co.uk/companies/news/64131/update-milestone-group-shares-up-5-as-it-signs-first-employer-to-its-passion-project-74937.html Shares in the digital media and technology specialist Milestone (LON:MSG) spiked a further 5% this morning after it revealed it had signed The Rank Group to one of its key digital initiatives.

The Grosvenor Casino and Mecca Bingo owner has become the first employment member of Milestone’s Passion Project.

This is digital platform designed to combat youth unemployment.

It does so by helping 16-24 year olds identify and develop their skills and passions, while providing “meaningful employment opportunities”.

Milestone chief executive Deborah White said: "We are delighted that Rank has chosen to come on board as our first employer. 

“We are looking forward to working with them to ensure that their jobs get in front of the right candidates from the Passion Project and using the feedback from Rank to assist our participants with future opportunities."  

The shares, up 63% in the year to date, added a further 0.04p to 0.815p in early trade.


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Tue, 02 Dec 2014 09:15:00 +0000 https://www.proactiveinvestors.co.uk/companies/news/64131/update-milestone-group-shares-up-5-as-it-signs-first-employer-to-its-passion-project-74937.html
<![CDATA[News - Milestone Group signs up Plan B as Passion Project ambassador ]]> https://www.proactiveinvestors.co.uk/companies/news/64095/milestone-group-signs-up-plan-b-as-passion-project-ambassador--74891.html Award winning UK rapper Plan B has become an ambassador for Milestone Group's (LON:MSG) Passion project.

The project aims at helping young people identify and find employment opportunities.

Two years ago Plan B, aka Ben Drew, 31,  founded The Each One Teach One Trust (EOTO) initiative, which works with inspiring individuals to give young people new skills and improve confidence.

This latest relationship offers an opportunity for extensive cross collaboration between Plan B, EOTO and the Passion project, Milestone said.

A delighted Deborah White, Milestone chief executive, said: "By working together and using our individual talents and core skill sets we will collectively be able to help engage and inspire more young people to build a better future for themselves - we look forward to developing our shared vision."

After a troubled start in life, musician Plan B is now a popular performer and inspiration for many young people.

He has has won multiple awards, including the BRIT Award for Best British male solo artist in 2011, as well as three Ivor Novello awards.

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Mon, 01 Dec 2014 09:02:00 +0000 https://www.proactiveinvestors.co.uk/companies/news/64095/milestone-group-signs-up-plan-b-as-passion-project-ambassador--74891.html
<![CDATA[News - Milestone Group signs up Erith Contractors for Passion Project ]]> https://www.proactiveinvestors.co.uk/companies/news/64039/milestone-group-signs-up-erith-contractors-for-passion-project-74831.html Milestone Group (LON:MSG) has signed up family run builder Erith Contractors for its digital youth engagement initiative, the Passion Project.

Erith is one of the first companies to sign up to The Passion Project, which helps 16-24 year olds explore employment opportunities and develop their skills.

Milestone has previously established links with more than 40 charitable partners and youth organisations. It is now opening up the programme to corporate partners, which will be engaged on an annual fee paying membership.

Corporate members have access to Milestone's products and services to help support and deliver corporate social responsibility (CSR) activities, staff engagement initiatives, recruitment and other related activities such as marketing and PR.

"We are delighted that Erith have chosen to come on board as a corporate partner," said chief executive Deborah White.

"Their work in the community is already exemplary, however together we believe that we can use our joint skills to increase the positive impact we can have on the lives of young people."

Milestone highlights that Erith Contractor, which provides a range of services to the construction industry, is in its own right celebrated for its strong social and community culture, and is a recipient of an 'Outstanding Employer Contribution' award from the Education Business Partnership.

In this morning's statement Stuart Acceleton, operations director of Erith Contractors, said: "As a company Erith has been committed to the development of young people within its business sectors for many years. 

"The opportunity to join forces with Milestone and the other Founding Partners means Erith are setting benchmark standards in providing youth opportunities within the construction industry."

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Fri, 28 Nov 2014 07:54:00 +0000 https://www.proactiveinvestors.co.uk/companies/news/64039/milestone-group-signs-up-erith-contractors-for-passion-project-74831.html
<![CDATA[News - Milestone Group rises again as it celebrates company ambassador's FA roles ]]> https://www.proactiveinvestors.co.uk/companies/news/62633/milestone-group-rises-again-as-it-celebrates-company-ambassadors-fa-roles-73180.html

Paul Elliott, Milestone's (LON:MSG) Sports and Corporate Social Responsibility Ambassador, has been appointed to a couple of boards by the Football Association.

The former Charlton Athletic, Luton Town and Chelsea footballer has been appointed by the Football Association (FA) as a member of the inclusivity advisory board and as an FA Council Board Member, Milestone revealed.

He has also been appointed UEFA International Diversity Ambassador and FIFPRO Players Global Diversity Ambassador.

A long-time supporter of Milestone, Elliott's role is to promote the company's community and sports-based initiatives to potential partners; he is also a Trustee for the Milestone Charitable Foundation, promoting its work in youth engagement.

“His work towards diversity and inclusion internationally complements his work on Milestone's Passion Project,” said Deborah White, chief executive of the digital media and technology solutions provider.

“These appointments will allow Paul to extend the Passion Project's message of engagement to an even greater network of key influencers in the international sporting arena," she added.

Shares in Milestone Group were up 7.5% at 0.994p in mid-morning trade, and have virtually doubled year-to-date.

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Mon, 13 Oct 2014 09:55:00 +0100 https://www.proactiveinvestors.co.uk/companies/news/62633/milestone-group-rises-again-as-it-celebrates-company-ambassadors-fa-roles-73180.html
<![CDATA[News - Milestone Group signs deal with IT solutions provider ]]> https://www.proactiveinvestors.co.uk/companies/news/62004/milestone-group-signs-deal-with-it-solutions-provider-72512.html Milestone (LON:MSG) is to provide mobile solutions to support the installation and monitoring of energy management solutions provided by IT firm Intervictus.

Intervictus offers bespoke and comprehensive real-time energy monitoring systems that enable companies to manage all aspects of energy usage.

Intervictus is also a founder member of Milestone’s youth employment initiative, the Passion Project, and will benefit from access to the programmes network of youth organisations that are training young people to become job-ready.

"Milestone Group's activities with the Passion Project are able to accelerate and realise relevant commercial opportunities for Intervictus. The provision of cutting-edge training programmes and mobile solutions adds value to our proposition,” said David Jones, of Intervictus.

Digital media firm Milestone will generate revenues at a rate of £20 per user per month, plus Passion Project engagement fees of £50 per young person, £350 per person for emotional intelligence training, and introducer's fees for all new business introduced via its networks.

"We are delighted to be joining Intervictus in a phase of growth and possibilities, with Intervictus as a key solution provider to our commercial network, whilst adding value by providing them with valuable mobile monitoring and training services," said Deborah White, chief executive officer of Milestone.

“This type of arrangement is a core tenet of the Passion Project eco-system that Milestone owns and gives a flavour for the potential revenues on offer," she added.

Shares in Milestone were up 7.8% in mid-morning trade.

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Tue, 23 Sep 2014 09:42:00 +0100 https://www.proactiveinvestors.co.uk/companies/news/62004/milestone-group-signs-deal-with-it-solutions-provider-72512.html
<![CDATA[News - Milestone raises funds at premium as momentum continues ]]> https://www.proactiveinvestors.co.uk/companies/news/60462/milestone-raises-funds-at-premium-as-momentum-continues-70867.html Digital media group Milestone (LON:MSG) unveiled a premium priced fundraising to be used to accelerate commercialisation of its products.

It will issue over 70 million shares at a penny each - a hefty premium to yesterday's close of 0.625p- to raise £694,363.93 in cash.

This will settle £10,000 worth of trade creditors.

Milestone said it was delighted by the raising and funds will go to a number of developments, including digitising the Disorder Magazine as announced in April and further developing the Passion Project.

It will also go towards marketing and distribution of Winning in the Game of Life - an educational product, which addresses aspects of the social, moral, spiritual and cultural curriculum.

Milestone shares rose 8% to stand at 0.675p.


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Thu, 31 Jul 2014 09:09:00 +0100 https://www.proactiveinvestors.co.uk/companies/news/60462/milestone-raises-funds-at-premium-as-momentum-continues-70867.html
<![CDATA[News - Milestone appoints trustees for Passion Project charity ]]> https://www.proactiveinvestors.co.uk/companies/news/59877/milestone-appoints-trustees-for-passion-project-charity-70259.html Digital media group Milestone (LON:MSG) has appointed several independent trustees to the Milestone Foundation, the charity behind its young people development scheme The Passion Project.

The new trustees are Lord Patel, Lord Kennedy, Commodore Christopher Waite and Richard Evans, while Kevin Everett moves from a non-executive role to become executive chairman. They join the existing board of Deborah White, Malcolm Pickles and Paul Elliott.

Set up a year ago, The Foundation helps young people identify their passions and natural skills and matches them to training and vocational opportunities. 

As well as ensuring the Foundation has access to the appropriate industry and sector specific partners, the Trustees will also monitor and benchmark the performance of the parties involved in the delivery of those outcomes, Milestone said. 

An advisory board is also expected to be set up in the near future.

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Thu, 10 Jul 2014 08:17:00 +0100 https://www.proactiveinvestors.co.uk/companies/news/59877/milestone-appoints-trustees-for-passion-project-charity-70259.html
<![CDATA[News - Milestone Group set to live up to its name ]]> https://www.proactiveinvestors.co.uk/companies/news/59532/milestone-group-set-to-live-up-to-its-name-69897.html Half-year losses were reduced sharply at digital media group Milestone Group (LON:MSG) as the company’s project initiatives start to come to fruition.

Chief executive Deborah White described the six months to the end of March as “a period of positive consolidation” that marked the end of significant development phase for the business.

Having got all of its ducks in a row, the name of the game for the company now is growth across its range of product lines, as the company looks to benefit from the relationships it has been busy building with a number of major advertising agencies.

Among the high profile projects the group has been associated with are Nike’s England shirt launch, Accenture’s involvement as technology partner of the Six Nations rugby tournament, and the 'Peace by Piece' animal welfare campaign.

Losses for the sixth month period narrowed to £173,348 from £487,589 the year before on revenue that fell to £44,420 from £111,941.

The company said revenues would have been higher, but for changes to the National Curriculum that caused some delays in the group’s Passion Project, which is targeted at young people.

Since the period end, the company has announced the next phase of the Passion Project, which involves a series of events targeted to engage more than 250,000 young people over the coming 18 months and features several high profile events, including the Great British Carnival at the anniversary of the opening of the Olympic park in July, Parliament week at Portcullis House in November and the BE United Urban Quest (a 32 borough music and dance competition) with the finals at Wembley in the summer 2015.

"It is with great pleasure that the board is now seeing the realisation of many of the group's product lines. I look forward to rolling these out over the next 18 months. The partners we are now working with are top class and we are confident from the feedback received from them that our products have great potential,” White said.

Shares in Milestone were up 6.7% in lunchtime trading after the results were released.

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Fri, 27 Jun 2014 14:01:00 +0100 https://www.proactiveinvestors.co.uk/companies/news/59532/milestone-group-set-to-live-up-to-its-name-69897.html
<![CDATA[News - Milestone Group issues shares at a premium ]]> https://www.proactiveinvestors.co.uk/companies/news/59038/milestone-group-issues-shares-at-a-premium-69378.html Milestone Group (LON:MSG), the digital media company, has raised £126,000 through an issue of shares at a penny a piece.

The issue of 12.6mln new shares will take the number of Milestone shares in issue up to 483.5mln.

Milestone shares closed at 0.6p each on Wednesday, the day before the share issue was announced, and rose to 0.62p in early trading on Thursday.

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Thu, 12 Jun 2014 08:02:00 +0100 https://www.proactiveinvestors.co.uk/companies/news/59038/milestone-group-issues-shares-at-a-premium-69378.html
<![CDATA[News - Milestone Group unveils big plans for Passion Project ]]> https://www.proactiveinvestors.co.uk/companies/news/58058/milestone-group-unveils-big-plans-for-passion-project-68324.html Milestone Group (LON:MSG) hopes to physically engage with 250,000 young people through three exciting events running to next year as it gave the latest on its youth Passion project.

It also revealed that Jermain Jackman, winner of the BBC's The Voice 2014, had been appointed an ambassador of the project.

The three events running to July 2015 are the Great British Carnival, Parliament Week and  BE United Urban Quest - Wembley 2015.

 The latter will engage and develop the talents of 13,500 young artists and creative practitioners aged 16-24 years and culminate in a large-scale show at Wembley Arena. 

Mayor of London Boris Johnson has described it as an "exciting new project".

Through these events, Milestone expects to engage with 250,000 young people and a further 3 million digitally.

"All participants will have the opportunity to be matched to employers, sector skills academies and supply chain consortiums for guaranteed interviews, work placements and employment," it said.

The firm also used today's update to launch monthly CreativeXChange events.

These will cover disciplines like fashion, music, film, design, movement, art, animation and creative business in the form of debates, groups and workshops and provide access to over 2,000 jobs from employers and partners over the next 18 months.

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Thu, 08 May 2014 08:15:00 +0100 https://www.proactiveinvestors.co.uk/companies/news/58058/milestone-group-unveils-big-plans-for-passion-project-68324.html
<![CDATA[News - Milestone extends Passion project with magazine purchase ]]> https://www.proactiveinvestors.co.uk/companies/news/57810/milestone-extends-passion-project-with-magazine-purchase-68064.html Media and technology specialist Milestone Group (LON:MSG) has bolstered its youth engagement Passion programme with the purchase of Disorder UK Magazine.

The magazine, bought for a £1, involves unemployed young creatives in every aspect of its production - from fashion shoots to interviewing bands and writing features on film and technology.

It offers training programmes and has successfully trained 360 young people to a BTEC qualification level with over 68% of them being in sustainable employment after 12 months.

In 2011, an article in the Guardian said Disorder was "the best youth publication in the UK, highlighted Milestone.

As part of the agreement,  Davide Wheller, the magazine's original founder, will join the Milestone team as the magazine's executive editor and will liaise closely with Milestone subsidiary Relative, to develop a digital offering to complement the print version.

Anthony Webb, who joined Milestone this month, will help expand and commercialise the magazine and the brand, the firm added.

He is is well versed in the marketing, brand development and digital marketplace and is credited with being part of the team that helped build Rio Ferdinand's No 5 magazine into one of the worlds most successful multi-platform publications.

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Wed, 30 Apr 2014 07:52:00 +0100 https://www.proactiveinvestors.co.uk/companies/news/57810/milestone-extends-passion-project-with-magazine-purchase-68064.html
<![CDATA[News - Milestone Group to target Poplar with latest collaboration ]]> https://www.proactiveinvestors.co.uk/companies/news/57706/milestone-group-to-target-poplar-with-latest-collaboration-67958.html Media and technology firm Milestone Group (LON:MSG) is set to provide training to young people in one of London's most deprived boroughs.

It has struck an agreement with the Poplar Housing and Regeneration Community Association (Poplar HARCA) to provide a pilot of the Spirituality for Kids (SFK) resilience and emotional intelligence training.

HARCA owns and manages around 9,000 homes in east London and its aim is "to make Poplar a place where people choose to live, work and enjoy life".

Chief executive Deborah White said: "We are excited by the start of what we see will be an ongoing relationship with Poplar HARCA.

"The work they deliver in the community is essential to improve the lives of so many in the local area in one of London's most deprived boroughs."

She added this was the early stage of a pilot that was anticipated to see integrated more fully into the Passion project - Milestone's flagship social engagement programme.


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Mon, 28 Apr 2014 07:11:00 +0100 https://www.proactiveinvestors.co.uk/companies/news/57706/milestone-group-to-target-poplar-with-latest-collaboration-67958.html
<![CDATA[News - Milestone Group subsidiary wins animal welfare micro-site gig ]]> https://www.proactiveinvestors.co.uk/companies/news/57549/milestone-group-subsidiary-wins-animal-welfare-micro-site-gig-67788.html A Milestone Group (LON:MSG) subsidiary has created a micro-site for the Animals Asia Foundation, a Hong Kong-based animal welfare charity.

Oil Productions Limited T/A Relative (Relative) has been commissioned by Sudler & Hennessey, part of media conglomerate WPP, to collaborate on the development of the Peace by Piece campaign for the Animals Asia Foundation.

The campaign’s aim is to help rescue and rehabilitate over 130 moon bears in Nanning, China.

The micro-site developed by Relative is a mobile-optimised web site with localisation for three different languages, in addition to five English speaking countries. The site includes an interactive map, an illustrated look and feel for the bear farm allowing users to explore the sanctuary's various areas and to sponsor a 'piece' of the rescue.

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Tue, 22 Apr 2014 08:16:00 +0100 https://www.proactiveinvestors.co.uk/companies/news/57549/milestone-group-subsidiary-wins-animal-welfare-micro-site-gig-67788.html
<![CDATA[News - Milestone Group to enable England footie fans to show their app-reciation ]]> https://www.proactiveinvestors.co.uk/companies/news/57221/milestone-group-to-enable-england-footie-fans-to-show-their-app-reciation-67448.html Milestone Group’s (LON:MSG) association with association football is continuing, with the digital media firm set to work on the launch of the England team’s new kit.

Milestone said its wholly owned subsidiary, Oil Productions Limited T/A Relative (Relative), has been commissioned by creative consultancy group Hotel Creative (HCL) to work on the launch of the kit that will be used by the England team during the FIFA World Cup this year in Brazil.

Relative has developed an app that allows fans of England and Nike, the sportswear company that has the England franchise, to join in and express their support of the team. By creating their own "Supporter Selfie", they can be added to the video wall in Nike's Specialist Boxpark store in Shoreditch, alongside stars and other fans.

This is the first digital brand expression that Relative has created for HCL, with several more in the planning stage.

The footie gig comes a little while after Relative co-hosted a 'mixer' night with Here East at the SxSW festival in Austin, Texas in March 2014 as part of the Hackney House Programme. Relative created two unique digital art installations that reacted to the crowd movement and tracked the performers on stage to generate art in real time.

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Tue, 08 Apr 2014 08:12:00 +0100 https://www.proactiveinvestors.co.uk/companies/news/57221/milestone-group-to-enable-england-footie-fans-to-show-their-app-reciation-67448.html
<![CDATA[News - Milestone Group signs agreements for OnGuard ]]> https://www.proactiveinvestors.co.uk/companies/news/57091/milestone-group-signs-agreements-for-onguard-67300.html Digital media group Milestone Group (LON:MSG) has struck a 12-month deal with cleaning group Viper Cleaning Services (VCS) for its OnGuard security solution.

OnGuard, which uses the latest mobile and cloud technology to help the manned security guard sector, will be used by VCS to manage its mobile cleaning operatives at more than 5,000 locations across the North East of England.

The product is expected to increase the efficiency of their operations, whilst improving risk management, employee safety and information flow.

It has also extended an agreement with STM Security Group for OnGuard.

STM has been using the software to provide audited process and resource management and integrated business functions, improving its inter-departmental efficiency and reporting.

STM has extended its usage by a further 250 users covering an extra 300 sites in the UK.

Belinda Smith, Viper Cleaning Services’ Commercial Manager, said: “We are very pleased to have the opportunity to use Milestone's OnGuard product. This technology enables us to bring a new level of safety, efficiency and visibility to the business.”


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Thu, 03 Apr 2014 07:57:00 +0100 https://www.proactiveinvestors.co.uk/companies/news/57091/milestone-group-signs-agreements-for-onguard-67300.html
<![CDATA[News - Milestone Group raises funds ]]> https://www.proactiveinvestors.co.uk/companies/news/56479/milestone-group-raises-funds-66659.html Digital media company Milestone Group (LON:MSG) has raised just shy of £200,000 through an issue of equity.

The AIM-listed group issued 19,760,151 shares at a price of 1p each.

Earlier in the day, the company revealed the appointment of Frank Sweeney as programme director for its youth engagement programme, the Passion Project. 

Sweeney, who currently chairs knowledge exchange workshops at City Hall in partnership with the Greater London Authority and Lancaster University, will help create bespoke training materials and programmes necessary for the ongoing development of the project and its participants.

The Passion Project has partners such as the Metropolitan Police, Hackney CVS and a number of London football clubs to help young, underprivileged people into work or education.


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Thu, 13 Mar 2014 17:27:00 +0000 https://www.proactiveinvestors.co.uk/companies/news/56479/milestone-group-raises-funds-66659.html
<![CDATA[News - Milestone appoints programme director for Passion Project ]]> https://www.proactiveinvestors.co.uk/companies/news/56461/milestone-appoints-programme-director-for-passion-project-66631.html Milestone Group (LON:MSG) has appointed Frank Sweeney as programme director for its youth engagement programme, the Passion Project. 

Sweeney, who currently chairs knowledge exchange workshops at City Hall in partnership with the Greater London Authority and Lancaster University, will help create bespoke training materials and programmes necessary for the ongoing development of the project and its participants.

Milestone said Sweeney will also help develop a long-term plan that will develop its youth programmes into a national network with scalable infrastructure.

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Thu, 13 Mar 2014 08:22:00 +0000 https://www.proactiveinvestors.co.uk/companies/news/56461/milestone-appoints-programme-director-for-passion-project-66631.html
<![CDATA[News - Milestone Group ready for new revenues and sustainable growth ]]> https://www.proactiveinvestors.co.uk/companies/news/56013/milestone-group-ready-for-new-revenues-and-sustainable-growth-66159.html Milestone Group (LON:MSG) is now ready for new revenues and sustainable growth, says chief executive and interim chair Deborah White.

In this morning’s final results statement for the twelve months to September 30, White describes the year as a “challenging but rewarding period”.

During the period the digital media group launched the Passion Project, a youth engagement and employability programme. It also launched the "Winning in the Game of Life" in British primary schools, this was an adaptation of an earlier pilot of school materials.

Meanwhile, shortly after the end of the period, the company received revenues from the OnGuard software it developed last year.

The group also strengthened its management team with key appointments.

"2013 has been a challenging but rewarding period of product expansion and project growth,” White said.

“It has incorporated the final period of business repositioning and integration necessary to create the appropriate launch pad and platform needed for Milestone's future growth and development. 

“We believe that the company has come through an extensive period of redevelopment from which new and sustainable revenues and growth can be delivered across each of our exciting projects."

Milestone reported a net loss of £980,570, which had narrowed from £1.3mln in the year before. 

During the period the company realised gains of £440,605 from the sale of investments, and it has revenues of £152,373. The group ended the period with net liabilities of just over £1mln.

Milestone said it continues to carefully manage its working capital position. And said it will need to raise money, with a share sale, in the short term so it can continue to support some of its business activities until they are fully revenue generating.

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Wed, 26 Feb 2014 08:08:00 +0000 https://www.proactiveinvestors.co.uk/companies/news/56013/milestone-group-ready-for-new-revenues-and-sustainable-growth-66159.html
<![CDATA[News - Milestone Group extends agreement with Spirituality for Kids International ]]> https://www.proactiveinvestors.co.uk/companies/news/55879/milestone-group-extends-agreement-with-spirituality-for-kids-international-66011.html Milestone Group (LON:MSG) said that it has expanded the scope of the previously-announced licence agreement with US-based Spirituality for Kids International (SFK).

The agreement now incorporates additional training materials for young people.

The AIM-quoted provider of digital media and technology solutions helped pilot ‘Winning in the Game of Life’ programme in primary schools. This addresses aspects of the social, moral, spiritual and cultural curriculum learning stipulated by the education authorities.

The programme is now being rolled out to target Britain’s 22,000 primary schools.

The programme is expected to deliver gross revenues of between £500 and £1,000 per level per school generated through the sale of education materials, training and workbooks.

Milestone believes there is a market for this sort of material of between £50 and £100mln annually.

The expanded scope of the agreement with SFK significantly extends the range of training materials into a wider range of age groups.

It also provides the opportunity for focused and tailored training for young people as they ready themselves for the transition into working life, Milestone said.

Chief executive Deborah White added: "Generating positive social value is core to our business ethos and this product range has already demonstrated some fantastic outcomes through the successful pilots held last year.

“We believe there is a market size approaching anywhere between £50mln and £100mln a year on offer for this type of product in the UK alone, and subject to successful take up and execution we are now well positioned to benefit."

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Fri, 21 Feb 2014 07:47:00 +0000 https://www.proactiveinvestors.co.uk/companies/news/55879/milestone-group-extends-agreement-with-spirituality-for-kids-international-66011.html
<![CDATA[News - Milestone Group's London footie tournament set to kick off ]]> https://www.proactiveinvestors.co.uk/companies/news/53558/milestone-groups-london-footie-tournament-set-to-kick-off-63532.html A tournament involving 10 London football clubs, set to be part of Milestone Group’s (LON:MSG) Passion Project, has moved a step closer to fruition.

The digital media and technology solutions provider said the community trust schemes of the following London clubs have now firmed up on provisional agreements to participate in a pan-London community football tournament: AFC Wimbledon, Barnet, Brentford, Charlton Athletic, Crystal Palace, Dagenham & Redbridge, Leyton Orient, Millwall, Queens Park Rangers, and Watford.

The tournament is the first of a number of physical events designed to support the launch of the Passion Project, a social engagement programme focused on helping young people match interest and skills with vocational training and employment opportunities.

The competition is anticipated to engage with 3,200 young people, with each borough having a minimum entry level of 100 persons.

The competition registration process uses a digital process linked to the Passion Projects portal helping to seed the programmes initial on-line audience.

“We are delighted that the project has the support of the clubs - they are an important part of London's communities delivering valuable work beyond simply the playing of football. In London alone they engage with almost 2.6 million young people a year so having them as partners for our pilot event is a perfect start to the project,” said Deborah White, Milestone’s chief executive officer.

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Mon, 25 Nov 2013 07:13:00 +0000 https://www.proactiveinvestors.co.uk/companies/news/53558/milestone-groups-london-footie-tournament-set-to-kick-off-63532.html
<![CDATA[News - Milestone Group bags contract to supply OnGuard ]]> https://www.proactiveinvestors.co.uk/companies/news/52277/milestone-group-bags-contract-to-supply-onguard-62106.html Milestone Group (LON:MSG) has sold its OnGuard software suite, targeted at the manned guarding sector, to STM Security Group (UK).

Milestone said that in recognition of STM’s contribution to the development of the OnGuard product, the annual agreement has been heavily discounted from the £108,000 list price Milestone would normally charge.

The two companies will continue to cooperate on the development of OnGuard, testing and piloting both the initial software release and subsequent releases. Additional functionality will be made available in the near future.

OnGuard is a business management solution specifically targeting the security industry. It uses mobile and cloud technologies to support the administrative, operational and financial functions of the manned guarding sector.

STM, a UK based security company, likes OnGuard because it makes the company's administrative processes more efficient, thereby boosting profit margins, and it enhances the quality of services offered to its clients.

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Mon, 14 Oct 2013 07:35:00 +0100 https://www.proactiveinvestors.co.uk/companies/news/52277/milestone-group-bags-contract-to-supply-onguard-62106.html
<![CDATA[News - Milestone subsidiary Relative to work at British Olympic Ball ]]> https://www.proactiveinvestors.co.uk/companies/news/51945/milestone-subsidiary-relative-to-work-at-british-olympic-ball-61748.html Milestone Group’s (LON:MSG) subsidiary Relative has won a contract to provide the digital media for the 2013 British Olympic Ball.

Innovative digital media specialist Relative will screen content for the fundraising event held at the Dorchester Hotel on October 30, marking 100 days before the opening ceremony of the Sochi 2014 Winter Olympics.

Relative’s Creative Director Darren Groucutt worked on last year’s ball, which was a celebration of Team GB’s achievements at the London 2012 Games.

The proceeds from this year’s ball will go towards sending Britain’s winter athletes to Russia.

It will be chaired by Sir Steve Redgrave, Britain’s most successful Olympian of all time, and Amy Williams, who won Britain’s first individual gold four 30 years when she topped the podium in the skeleton event in Vancouver three years ago.

Groucutt said: “We delivered all the screen content for the 2012 Ball and I’m thrilled to have the opportunity to work some magic for the 2013 event. 

“The Olympics are close to my heart after all the work I did for the London 2012 Olympic and Paralympic Games, so I’m proud to have a chance to do what I can to support Team GB.”

As well as Team GB, Relative has worked for big tech names Panasonic, Blackberry and Nokia, as well as Ben & Jerry’s owner Unilever.

 

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Wed, 02 Oct 2013 14:28:00 +0100 https://www.proactiveinvestors.co.uk/companies/news/51945/milestone-subsidiary-relative-to-work-at-british-olympic-ball-61748.html
<![CDATA[News - Milestone Group looks to showcase technology platform at the Barbican ]]> https://www.proactiveinvestors.co.uk/companies/news/50369/milestone-group-looks-to-showcase-technology-platform-at-the-barbican-59940.html Digital technology specialist Milestone Group (LON:MSG) is taking part in a month-long arts project at the Barbican centre in London.

The arts project, known formally as ‘Hack the Barbican’, runs throughout August and brings together over 100 installations, performances, workshops and discussion groups that are all resourced by the performers themselves.

At the event, Milestone's subsidiary Relative, the creative strategy agency, plans to showcase B++ - a custom coded digital experience.

B++ is being created in partnership with Dollop, a London based music promoter, which is providing the music acts throughout the residency. The programme consists of light, sound and live performance from Dollop’s artists and will be held on August 12, 13, and 14 in the Barbican club space.

Relative’s Barbican experience follows on from the agency’s success in launching Panna Paint in May 2013 - a light painting and motion capture experience with freestyle football at its core.

In other developments, Milestone has also revealed that Relative’s creative technologist Mac Morrison has been named as one of the ten finalists of the Nokia Future/Capture Hackathon event to be held in Sweden at the end of the month.

The two day competition is set to see Panna Paint developed further with huge promotional potential should the app win.

Morrison has been working in the creative technology space for over 13 years and has built up a reputation for engaging web content, advertising and specialising in viral game development.

It has been a busy year for Milestone Group, which specialises in collaborative creative solutions.

In July it announced the establishment of a registered charity - Milestone Foundation - which will underpin its Passion project, a youth engagement programme designed to inspire young people to improve their opportunities in life.

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Mon, 12 Aug 2013 13:23:00 +0100 https://www.proactiveinvestors.co.uk/companies/news/50369/milestone-group-looks-to-showcase-technology-platform-at-the-barbican-59940.html
<![CDATA[News - Milestone Group establishes charitable foundation ]]> https://www.proactiveinvestors.co.uk/companies/news/49833/milestone-group-establishes-charitable-foundation-59338.html Digital media and technology company Milestone Group (LON:MSG) has announced the establishment of the Milestone Foundation, a registered charity.

The company said the foundation will underpin Milestone’s Passion Project, a youth engagement programme designed to inspire young people and improve their opportunities in life.

Milestone said it will use its media capabilities to get strategic partners on board, and the Foundation will work with sector specific partners and charities to deliver the desired social outcomes of the Passion Project on behalf of the company.

Milestone said the Foundation has been established to tackle three key social problems: youth unemployment; the lack of safe spaces and activities; the lack of activities to develop emotional intelligence.

The Foundation will be run by a board of trustees, made up from Milestone team members and independently appointed parties.

Kevin Everett, a Milestone non-executive director, commented: "We are looking to ensure that the necessary service level agreements to help measure and facilitate the impact of the Passion Project are in place as part of our commitment to delivering an authentic meaningful experience for the target audience whilst ensuring that the commercial and charitable aspects are clearly defined."

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Wed, 24 Jul 2013 07:49:00 +0100 https://www.proactiveinvestors.co.uk/companies/news/49833/milestone-group-establishes-charitable-foundation-59338.html
<![CDATA[News - UPDATE: Milestone Group to launch schools programme in January ]]> https://www.proactiveinvestors.co.uk/companies/news/49781/update-milestone-group-to-launch-schools-programme-in-january-59281.html --adds management comment, share price--

Milestone Group (LON:MSG) shares soared by a third on Tuesday as it unveiled plans to launch a curriculum-based education programme in early 2014 for children in the UK.

It follows a successful pilot of ‘Winning in the Game of Life’ – conceived by US-based Spirituality for Kids International in America – in schools across the UK, including in London, Birmingham and Kent.

The project, which addresses all aspects of the social, moral, spiritual and cultural curriculum as outlined by Ofsted, aims to improve the behaviour of children which proved the case in many instances during the pilot.

It covers years 4, 5 and 6 at primary school and can be followed by a programme for teenagers in secondary school.

Talks are ongoing with education charity Sir John Cass’s Foundation, as well as The Schools Network and education provider Prospects Improve, with whom Milestone carried out the pilot, to roll out the project through established distribution channels.

The programme has proved a hit across the pond, with an improvement in behaviour reported from a US pilot study involving 700 children across 19 sites in Florida.

The charge per school will be between £500 and £750 a year. It is estimated that there are over 25,000 primary schools in the UK.

Chief executive Deborah White is aiming to get 10% of this number signed up to the programme. If each of these schools paid £750, the company, which currently has a stock market valuation of less than £3mln, would net £1.88mln in revenues.

Milestone is focused on its flagship social engagement programme ‘Passion’, which is aimed at helping young people match interest and skills with vocational training and employment opportunities.

White thinks the new programme could be just as transformational as Passion.

“If you work the maths out, the programme could potentially equal [Passion], certainly in the early stages,” she told Proactive Investors.

Shares rose 33.3% to 0.7p each.

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Tue, 23 Jul 2013 15:30:00 +0100 https://www.proactiveinvestors.co.uk/companies/news/49781/update-milestone-group-to-launch-schools-programme-in-january-59281.html
<![CDATA[News - Milestone Group looking to kick on with Passion Project ]]> https://www.proactiveinvestors.co.uk/companies/news/49086/milestone-group-looking-to-kick-on-with-passion-project-58485.html Digital media company Milestone Group (LON:MSG) believes its flagship social engagement programme, the Passion Project, will develop into something unique in the marketplace.

In the group’s interim results, covering the period in the six months to the end of March, chief executive Deborah White highlighted the potential of the project, which is focused on helping young people match interest and skills with vocational training and employment opportunities.

“The project gives us the opportunity to develop something unique within the marketplace that we believe has enormous potential and significant social value,” White said.

Milestone expects to generate revenues from this project through corporate sponsorship of events, advertising, merchandising, placement fees, revenue shares, micro-transactions and virtual goods. It will not seek to make money out of the youths participating in the scheme, but rather those companies targeting this audience.

As well as kicking off the Passion Project in the period under review, Milestone focused on the rebranding of Oil Productions, its wholly-owned subsidiary.

The group’s interims revealed a narrowing of losses to £465,736 before tax, versus a pre-tax loss in the comparable period the year before of £533,718.

Revenue fell to £119,941 from £544,686 the year before.

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Fri, 28 Jun 2013 07:59:00 +0100 https://www.proactiveinvestors.co.uk/companies/news/49086/milestone-group-looking-to-kick-on-with-passion-project-58485.html
<![CDATA[News - Milestone Group raises cash and settles loans ]]> https://www.proactiveinvestors.co.uk/companies/news/48205/milestone-group-raises-cash-and-settles-loans-57448.html Digital media company Milestone (LON:MSG) is raising £50,000 through an issue of equity.

It is issuing 6.6 million shares at a penny each, raising £50,000 in cash, and it will use the proceeds to settle £16,000 worth of loans, the firm said.

Earlier this month, the group bolstered its board with the signing of Kevin Everett as a non-executive director.

Everett is currently treasurer and chairman of the Sir John Cass Foundation, one of London’s oldest education charities. During his 23-year tenure he led the restructuring of the foundation, increasing its assets from £16mln to £120mln and boosting its grant capacity and benefit from just £300,000 to more than £5mln.

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Thu, 30 May 2013 08:11:00 +0100 https://www.proactiveinvestors.co.uk/companies/news/48205/milestone-group-raises-cash-and-settles-loans-57448.html
<![CDATA[News - Sir John Cass Foundation chairman joins Milestone board ]]> https://www.proactiveinvestors.co.uk/companies/news/47800/sir-john-cass-foundation-chairman-joins-milestone-board-56972.html Digital media company Milestone (LON:MSG) has bolstered its board with the signing of Kevin Everett as a non-executive director.

Everett is currently treasurer and chairman of the Sir John Cass Foundation, one of London’s oldest education charities. During his 23-year tenure, he has led the restructuring of the foundation, increasing its assets from £16mln to £120mln and boosting its grant capacity and benefit from just £300,000 to more than £5mln.

“We are pleased that Kevin is joining the board at Milestone Group,” said chief executive Deborah White.

“The company has recently launched the first stages of the Passion Project, a social engagement project aimed at helping to match young people’s skills and passions with real training and employment opportunities.

“Adding Kevin's experiences, expertise and skills from the commercial, public and third sector to the existing team will ensure that the company delivers shareholder value as well as creating a positive social impact.”

 

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Thu, 16 May 2013 07:38:00 +0100 https://www.proactiveinvestors.co.uk/companies/news/47800/sir-john-cass-foundation-chairman-joins-milestone-board-56972.html
<![CDATA[News - Milestone appoints Groucutt as new creative director at Oil Productions ]]> https://www.proactiveinvestors.co.uk/companies/news/46237/milestone-appoints-groucutt-as-new-creative-director-at-oil-productions-55164.html Digital media firm Milestone Group (LON:MSG) has appointed Darren Groucutt as creative director of the company’s digital media agency, Oil Productions.

The appointment follows the departure of Mike Bennett, who has left the group “to concentrate his efforts on other business interests”.

Groucutt has 14 years' experience in digital media and was formerly creative director for Crystal CG International and before that held the same role JPMH.

An award winning animation director, he has worked on digital commissions for the London Olympics and Paralympics.

Milestone chief executive Deborah White said: "It is a pleasure to welcome Darren to the team to lead Oil Productions.

“He brings a wealth of experience in driving business, managing teams, creating exciting concepts and delivering projects.

"We are delighted that Darren has joined Oil at this key stage to take the company forward and assist in the delivery of Milestone's Passion Project."


 

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Tue, 26 Mar 2013 07:40:00 +0000 https://www.proactiveinvestors.co.uk/companies/news/46237/milestone-appoints-groucutt-as-new-creative-director-at-oil-productions-55164.html
<![CDATA[News - Milestone Group's Passion Project to kick-off with community football tournament ]]> https://www.proactiveinvestors.co.uk/companies/news/45777/milestone-groups-passion-project-to-kick-off-with-community-football-tournament-54624.html Digital media firm Milestone Group (LON:MSG) is working with the community trust schemes of 10 London football clubs holding a community football tournament this summer.

The clubs are: AFC Wimbledon; Barnet; Brentford; Charlton Athletic; Crystal Palace; Dagenham & Redbridge; Leyton Orient; Millwall; Queens Park Rangers; and Watford.

The Passion Project will use a number of digital media and sports engagement tools to help young people identify skills, access training and employment opportunities.

The pan-London focused community football tournament is the first big event planned by Milestone to launch its social engagement programme, the Passion Project.

The tournament is expected to attract and enrol large audiences of young people, which, when aggregated, will help promote both the initiative and its partners' aims within the target audience.

A wide number of key strategic partners have been involved in the creation of the Passion Project and further details will be announced in the near future.

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Mon, 11 Mar 2013 07:23:00 +0000 https://www.proactiveinvestors.co.uk/companies/news/45777/milestone-groups-passion-project-to-kick-off-with-community-football-tournament-54624.html
<![CDATA[News - Milestone says its well positioned for new revenue opportunities ]]> https://www.proactiveinvestors.co.uk/companies/news/45359/milestone-says-its-well-positioned-for-new-revenue-opportunities-54104.html  

Digital media and technology group Milestone (LON:MSG) said it is now well positioned to build new revenue opportunities after a year of bedding in acquisitions and strengthening its team.

It has launched the Passion Project that enables teens to find vocational training, and also launched OnSide, the risk assessment tool used by football coaches that is in use with the Charlton Athletic Community Trust.

The financials reflect this year of change. Revenues were up to 391% to £766,391 in the year to September 30. But as is usual for businesses at this stage of development, Milestone was loss making – to the tune of £1.3mln. The group recently raised £812,000.

Chief executive Deborah White said: "2012 has been a year of integrating the acquisitions made in the last period and building a stronger team to deliver the company's vision

“We believe that the group is now well positioned to leverage its core capabilities to enhance and build new revenue opportunities across the media and technology sector.

"The vision for the group is to create significant shareholder value through the innovative use of media and technology in new and emerging marketplaces and, wherever possible, contributing to positive social change via the design of its products and services.

“Combining our expanding in-house team and key industry contacts with a proven track record, poses for an exciting year to come."

 

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Tue, 26 Feb 2013 07:50:00 +0000 https://www.proactiveinvestors.co.uk/companies/news/45359/milestone-says-its-well-positioned-for-new-revenue-opportunities-54104.html
<![CDATA[News - Milestone Group hires youth development director for Passion project ]]> https://www.proactiveinvestors.co.uk/companies/news/45308/milestone-group-hires-youth-development-director-for-passion-project-54051.html Milestone Group's (LON:MSG) new youth development director for its Passion project formerly worked on London 2012's Olympics.

The firm has appointed Ximo Peris to the role of youth development director for the project, which is aimed at boosting employment opportunities for young people.

It aims to use sport and media to inspire young people to attain their goals.

Ximo previously worked with the London 2012 bid team to deliver the computer generated images (CGI), as well as co-ordinating an extensive team to create the imagery and film sequences that communicated the Olympic vision to a global audience, Milestone said.

He then worked as part of the team that delivered the digital content for the London 2012 Olympic and Paralympic games, it added.

"In his new role within Milestone's Passion Project, Ximo will be able to combine his knowledge of delivering large projects through the use of digital media and interactive social platforms, with his passion for helping young people to find their routes to employment through vocational training schemes, apprenticeships and mentoring," the firm said.

 

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Mon, 25 Feb 2013 07:40:00 +0000 https://www.proactiveinvestors.co.uk/companies/news/45308/milestone-group-hires-youth-development-director-for-passion-project-54051.html
<![CDATA[News - Milestone Group launches youth-focused social engagement programme ]]> https://www.proactiveinvestors.co.uk/companies/news/44412/milestone-group-launches-youth-focused-social-engagement-programme-52988.html Digital media and technology solutions provider Milestone Group (LON:MSG) has launched the Passion Project, a social engagement programme aimed at boosting employment opportunities for young people.

The Passion Project will use a number of digital media and physical sports focused engagement tools combined with existing strategic partner initiatives to encourage young people to enrol and participate in the programme.

The idea is to match the interest and skill sets of youths with vocational training and employment opportunities.

One of the tools used to engage young people will be a revenue generating games platform which will be aligned with psychometric and skills analysis tools.

A wide number of key strategic partners have been involved in the creation of the project and further details will be announced in the near future, the company said.

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Tue, 29 Jan 2013 07:34:00 +0000 https://www.proactiveinvestors.co.uk/companies/news/44412/milestone-group-launches-youth-focused-social-engagement-programme-52988.html
<![CDATA[News - Milestone Group's OnSide product goes live with Charlton Athletic Community Trust ]]> https://www.proactiveinvestors.co.uk/companies/news/44241/milestone-groups-onside-product-goes-live-with-charlton-athletic-community-trust-52783.html Digital media technology company Milestone Group (LON:MSG) said its OnSide mobilised risk management solution has gone live with the Charlton Athletic Community Trust.

The move follows a successful pilot of the project.

OnSide is specifically developed for community sport coaching initiatives and is aimed at building safer local communities.

The change to live status of the project has triggered the issue of 3.9mln Milestone Group shares at 0.77p each to BGP Global Services, the company from which it purchased the software.

The share issue is the second of three tranches of shares Milestone is set to allocate to BGP.

After the latest tranche of shares, BGP has a 4.91% stake in Milestone Group.

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Wed, 23 Jan 2013 13:26:00 +0000 https://www.proactiveinvestors.co.uk/companies/news/44241/milestone-groups-onside-product-goes-live-with-charlton-athletic-community-trust-52783.html
<![CDATA[News - Milestone to supply personal development teaching material to UK schools ]]> https://www.proactiveinvestors.co.uk/companies/news/42686/milestone-to-supply-personal-development-teaching-material-to-uk-schools-50957.html Digital media group Milestone (LON:MSG) has tied-up with award-winning US organisation Spirituality for Kids (SFK) to supply online personal development material to UK schools.

A non-profit organisation based in Los Angeles, SFK provides parents and children with online classes to foster spiritual awareness and dialogue.

Milestone will adapt programmes devised by Spirituality for Kids to supply spiritual, moral, social and cultural material and is working with Prospects Improve, a UK education, employment and training company, to modify SFK’s material into a format that meets UK curriculum standards.

This material is now being trialled in 50 UK primary schools before an expected full commercial release next summer.

Research in the US on the Spirituality for Kids programme in 2008 showed it had significant beneficial effects on nearly every domain tested: social skills, leadership, adaptability, communication and study skills as well as attention problems, hyperactivity and withdrawal.

Milestone chief executive Deborah White said she had been working on this project for a number of years and will be deemed a related party in any licence agreement because of her financial interest.

"The introduction of Spiritual, Moral, Social and Cultural Education into the UK Curriculum is an important development for young people and we are pleased to be able to work with SFK and Prospects to develop education materials which help get the message across in a fun and engaging way," White said today.

 

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Thu, 29 Nov 2012 12:26:00 +0000 https://www.proactiveinvestors.co.uk/companies/news/42686/milestone-to-supply-personal-development-teaching-material-to-uk-schools-50957.html
<![CDATA[News - Milestone raises £250,000 at hefty premium ]]> https://www.proactiveinvestors.co.uk/companies/news/42472/milestone-raises-250000-at-hefty-premium-50689.html

Digital media group Milestone (LON:MSG) has raised £250,000 through a placing at almost double the current market price.

The 16.7 mn new shares were issued at 1.5p to Portland Services Morocco Sarl, where Dennis Gilson is the beneficial owner.

Portland Services Morocco is now Milestone’s fourth largest shareholder with a 4.24% stake. Chief executive Deborah White is Milestone’s largest shareholder with an 8.87% holding.

Milestone owns award winning digital marketing arm, Oil Productions.

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Wed, 21 Nov 2012 14:01:00 +0000 https://www.proactiveinvestors.co.uk/companies/news/42472/milestone-raises-250000-at-hefty-premium-50689.html
<![CDATA[News - Former Chelsea captain Elliott OnSide with Milestone Group ]]> https://www.proactiveinvestors.co.uk/companies/news/39998/former-chelsea-captain-elliott-onside-with-milestone-group-47721.html  

Football supporters of a certain vintage (and I count myself among them) will remember Paul Elliott as a cultured centre-back who starred for Chelsea, Aston Villa, Celtic and Pisa.

In a career cut short by injury, he marked Maradonna and Marco Van Basten, two of the huge stars of 1980s football (think Messi and Van Persie today), survived and thrived in the cauldron atmosphere of Glasgow’s Old Firm rivalry, and sadly endured the racist chants that were prevalent in the game at the time.

Unlike his contemporaries, who have gone into management, coaching, or punditry, Elliott has devoted himself to the betterment of the game from the grassroots up.

He’s run football academies for disenfranchised and marginalised young players, and through the Kick It Out campaign is now tackling the issue of racism head on.

His portfolio of roles also includes a seat on the UEFA Football Committee and membership of the Diversity & Inclusion Board for LOCOG, the London Olympic organising committee.

And in the recent Queen’s Birthday Honours he scored a unique double in becoming the first Premier League-era footballer and first black player to be awarded the CBE. 

The gong is for services to equality and diversity, two concepts that appear to have eluded the pinstriped army of the Square Mile, where Elliott finds his latest challenge.  

He has joined Milestone Group (LON:MSG). The AIM-listed new media company calls his position ambassadorial.

However he will be hands-on with development of the company’s OnSide product, an initiative he has been involved with its various guises for a number of years.

OnSide is a web and smart-phone risk-assessment app for sports coaches, which allows the real-time exchange of data crucial to the welfare and safety of young people playing sport. It also allows the clubs to demonstrate their duty of care.

Milestone’s chief executive Deborah White describes it as creating an “audit trail”. But it does more than this, particularly with the “two-way sharing” of information with the police, and input from what are describe as “third party stakeholders”.

Elliott says: “They [Milestone] have created something I was very excited to see. I was also intrigued by this community-based sports model and how that could be aligned with business and City.”

That combination of corporate social responsibility with private enterprise particularly attracted the former footballer to this project.

And in Milestone CEO White, he says he has found a kindred spirit who believes it is possible to combine social and commercial enterprises and still make a profit.

“Deborah and I share the same values,” Elliott adds. “We both think that sport has a huge uniting role to play in society.

“You look at the economy, you look back at the London riots and you look at the issues - banking and politics - which have disengaged and disenfranchised people.

“Sport has been the unifying them that has helped people reconnect and do good. 

“Deborah wants to join up sport and community with her business. I found I was very curious how by doing this – doing something for the greater good – could add value.”

Elliott reckons there is a “natural synergy” between what he has done in the past in football, and continues to do in his positions in sports administration, and Milestone’s strategy, which, according to White, is “about connecting organisations and businesses, information and customers”.  

“I bring my expertise in community and corporate social responsibility, both locally and nationally,” Elliott adds. 

“The commercial value derives itself by doing good and making the difference. This is the important thing.

“The Milestone model under Deborah allows you to do just that. 

“I want to be an intrinsic part of this - and I am.

“I want to take it to an international level – doing what we are doing now but taking it to an international level.”

How exactly Milestone plans to roll the product out nationally and internationally isn’t clear at this point in time, but having access to Elliott and his network of contacts can’t hurt.

Indeed it is bound to be a huge positive when it comes to approaching grass-roots football, league clubs and the Football Association.

I ask, almost as a throw-away, whether Elliott would ever be tempted to take up a boardroom role, and not necessarily with Milestone. 

The answer is he is game. As you’d expect from the former top-flight defender he wouldn’t shirk the challenge. “I would be serious about it. I think one of the most serious issues of company boards is they are not reflective of the wider community.

“And I think people need to understand the socio-economic benefits of diversity, and how it is important to have greater gender inclusion; to have greater ethnicity. We live in a multi-gender, multi-racial society.

“It is about getting the best skill sets. Diversity allows you to get the best skill sets to add value to your businesses. If you have the same old people, you have same old opinions and the same old outcomes.”

 

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Thu, 06 Sep 2012 10:30:00 +0100 https://www.proactiveinvestors.co.uk/companies/news/39998/former-chelsea-captain-elliott-onside-with-milestone-group-47721.html
<![CDATA[News - Milestone signs Paul Elliott for ambassadorial role ]]> https://www.proactiveinvestors.co.uk/companies/news/38975/milestone-signs-paul-elliott-for-ambassadorial-role-46562.html Digital media company Milestone Group (LON:MSG) has appointed Paul Elliott CBE as its Sports and Corporate Social Responsibility (CSR) Ambassador.

Elliott, a former England international football player who featured for Charlton, Celtic, Aston Villa, Chelsea and in Italy for Pisa, currently sits on the Diversity and Inclusion board for LOCOG (London Organising Committee of the Olympic and Paralympic Games) and is a board member for the UEFA football committee.

Milestone said his role would be to focus on introducing and promoting the company’s community and sports initiatives to key stakeholders in relevant marketplaces both in the UK and overseas.

Elliott has been an ambassador for Milestone’s web and smartphone risk-assessment app for sports coaches, OnSide, since April last year but will now be formally joining the team as a member of the Advisory Board.

 “We are delighted that he [Elliott] has agreed to join us as our CSR Ambassador,” said Milestone’s chief executive Deborah White.

“We believe that there is considerable value in collaborating with key partners to create products that solve business problems whilst also creating a positive social impact. OnSide is one such example of this in action.”

 

 

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Wed, 08 Aug 2012 07:55:00 +0100 https://www.proactiveinvestors.co.uk/companies/news/38975/milestone-signs-paul-elliott-for-ambassadorial-role-46562.html
<![CDATA[News - Milestone Group appoints James Brown as finance director ]]> https://www.proactiveinvestors.co.uk/companies/news/37881/milestone-group-appoints-james-brown-as-finance-director-45285.html

Digital media company Milestone Group (LON:MSG) has appointed James Brown as group finance director.

Brown has twenty years experience working with private and listed companies. He has most recently served at BDO LLP as lead partner for the Bristol office, heading up their audit team.

The company said Brown is focused on “driving rapid, profitable growth, implementing excellent financial management standards and managing corporate finance transactions”.

“Jim's experience in the professional field further enhances the strength of the board and we are delighted that he has joined the company to help take it to the next stage of its development,” said chief executive of Milestone Deborah White.

Milestone’s new finance director will replace Guy van Zwanenberg, who has left after three years with the company to “concentrate his efforts on his numerous other business interests”.

During van Zwanenberg’s tenure, the company completed the initial stage of its business development, transforming into a digital media and business solutions provider.

Only yesterday, Milestone announced it was teaming up with Conveycentric to develop mortgage fraud alert software.

Milestone said it aims to bring together a number of “strategic partners and relationships” in the security and risk, law enforcement, legal and financial services sector to develop the new product.

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Tue, 10 Jul 2012 08:28:00 +0100 https://www.proactiveinvestors.co.uk/companies/news/37881/milestone-group-appoints-james-brown-as-finance-director-45285.html
<![CDATA[News - Milestone Group to team up with Conveycentric to develop mortgage fraud alert software ]]> https://www.proactiveinvestors.co.uk/companies/news/37817/milestone-group-to-team-up-with-conveycentric-to-develop-mortgage-fraud-alert-software-45207.html

Digital media group Milestone (LON:MSG) said this morning it is teaming up with Conveycentric to develop mortgage fraud alert software.  

The latter is a specialist in risk management and has already created two products - LENDERmonitor and COMPLETIONmonitor – used by the legal fraternity in the conveyancing process.

The pair has signed a memorandum of understanding.

Milestone said it aims to bring together a number of “strategic partners and relationships” in the security and risk, law enforcement, legal and financial services sector to develop the new product.

Chief executive Deborah White added: "We are looking forward to working with the team at Conveycentric and introducing them to our partners. The possibilities for this product, once linked with these partners, to assist with data sharing and crime prevention are extensive."    

Conveycentric CEO David Ryb said: "We are delighted to partner with Milestone who have put together a team of experts in the field of security and who have a proven pedigree in building enabling technology making use of skill sets in evaluating data and integrating with the relevant intelligence or regulatory industry.”


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Mon, 09 Jul 2012 07:38:00 +0100 https://www.proactiveinvestors.co.uk/companies/news/37817/milestone-group-to-team-up-with-conveycentric-to-develop-mortgage-fraud-alert-software-45207.html