Tangibal Media signs landmark contract with software provider Interactive Factory

ID: 1020111
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(businesspress24) - Tangibal Media signs landmark contract with software provider Interactive Factory

London, 16 November 2010, Tangibal Group Plc (“TFGA”) is pleased to announce that its subsidiary Tangibal Media Ltd has signed a contract with Interactive Factory Srl of Italy (“iF”) for the supply and development of interactive software. This includes gesture based interactive floors and walls as well as further development of Tangibal’s audience-based Cinema game technology.

The agreement provides Tangibal with global exclusivity in its core market of cinemas and provides Tangibal with a perpetual royalty-free software licence for an unlimited number of sites. This significantly reduces Tangibal’s installation cost , allowing the Company to roll out new networks faster, and improves profitability through the absence of any recurring software fees.

In return for these rights Tangibal Media has issued 20% of its shares to Interactive Factory making its core supplier an integral part of the business. The directors of Tangibal believe that this provides a solid platform to ensure the continued quality of support and development in its media networks.

The directors estimate that over the planned installation of 300 interactive floor systems and 150 in-cinema systems worldwide, the value of licence payments that will be saved will be approximately € 2,550,000. In addition to this, the Company would have the rights to deploy in Cinemas any new types of interactive media systems developed by iF.

The Company’s management team is looking forward to develop further this exciting market with Interactive Factory and being able to deploy new networks even faster.

About Interactive Factory:

Interactive Factory is an Italian software / consultancy firm focused on human computer interaction

About Tangibal:

Formed in 2008, Tangibal Group Plc has established itself as a vision leader in interactive media and experiential advertising. Our goal is to deliver solutions that entertain, inform and motivate.

Further information about the company can be found at www.tangibal.com.

Videos of the use of the technology can also be found at: www.youtube.com/tangibal

If further information is required please feel free to contact the company.


The information in this press release constitutes "forward-looking information". Other than statements of historical fact, all statements are "Forward-Looking Statements" that involve such various known and unknown risks, uncertainties and other factors. There can be no assurance that such statements will prove accurate. Results and future events could differ materially from those anticipated in such statements. Readers of this press release are cautioned not to place undue reliance on these "Forward-Looking Statements". Except as otherwise required by applicable securities statutes or regulation, the Company expressly disclaims any intent or obligation to update publicly forward-looking information, whether as a result of new information, future events or otherwise.

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Date: 11/16/2010 - 03:35
Language: English
News-ID 1020111
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Firma: Tangibal Group PLC
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Stadt: Wien


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