TIDMVIS
RNS Number : 7017Q
Visum Technologies PLC
30 June 2022
30 J une 2022
VISUM TECHNOLOGIES PLC
("VISUM" or the "Company")
Admission to Trading on AQSE
and
First Day of Dealings
Visum Technologies Plc (AQSE:VIS), a video technology company
focused on the global leisure market, is pleased to announce that
admission of its shares to trading on the Aquis Exchange Growth
Market ("AQSE") will take place and dealings will commence at 8.00
a.m. today, under the ticker "VIS" and ISIN number
GB00BN0ZLR96.
The Company has been admitted to the Access segment of AQSE and
the commencement of trading of the Company's Ordinary Shares
follows a successful subscription and placing by Visum Technologies
Plc for a total of 4,294,196 Ordinary Shares at GBP0.14 per
ordinary share, raising gross proceeds of GBP601,187.64 (before
expenses).
On Admission, the Company will have 50,721,287 Ordinary Shares
in issue and the market capitalisation of the Company will be
approximately GBP7,100,981.89.
About Visum Technologies Plc
The Company's Business is to own and operate an "on-ride" video
and photographic camera system that it sells and/or licenses to
Customers (being theme parks, ride manufacturers, souvenir imaging
providers, and other leisure operators). The camera system operates
in extreme conditions and provides a fully integrated digital
solution for Customers to allow ride visitors to buy unique video
and photographic content created for them when using such rides.
This gives Customers an additional revenue stream for their
Business and improved rider satisfaction as well as visitor-led
social media marketing for the customer. The acquired content is
shared digitally with visitors' online friends and contacts. The
Directors believe that the Company's camera system is the
market-leading "on-ride" fully integrated video and photo souvenir
system available to theme parks. Although the Company is newly
incorporated and has no historical financial information available
for the geographic markets it intends to operate in, the Business
has been operational since 2011.
Marc Dixon, CEO of Visum, commented:
"Over the past decade, our technology has been developed into an
exciting platform that ideally placed to capitalise on the
digitalisation of the global souvenir market. Visum's proven
technology can create a solid and stable revenue opportunity for
the parks and deliver a stable and highly scalable income
stream.
"We are excited about our potential flotation on the Aquis
Exchange Growth Market, which I believe will provide an ideal
platform from which to execute on our growth ambitions and deliver
the next phase of growth for our business."
The Company's admission document is available to view on its
website www.visumtechnologies.net
This announcement contains information which, prior to its
disclosure, constituted inside information as stipulated under
Regulation 11 of the Market Abuse (Amendment) (EU Exit) Regulations
2019/310 (as amended).
The directors of Visum Technologies Plc accept responsibility
for this announcement.
Board members:
Andrew Edge, Independent Non-Executive Chairman
Andy Edge holds a 1stclass degree from De Montfort University in
Business & Marketing . He started his career at Kraft Foods in
1992. Having spent 11 years in FMCG (mainly PLC) companies, in 2004
he moved into private equity backed leisure when he was appointed
as Sales and Marketing Director of The Tussauds Group (now Merlin
Entertainments). During his appointment, the business grew in value
from GBP800m when acquired in 2004 by Dubai Investment Capital to
GBP1billion in March 2007 when it was sold to Blackstone. Andy then
joined the board of Park Resorts as Sales & Marketing Director
in September 2007. The business operated 39 leisure and holiday
parks and a turnover of GBP170million. Andy left Park Resort and
joined Odeon & UCI Cinemas in April 2012 as Commercial Director
running the sales, marketing and retail across their 125 sites. He
was part of the leadership team that went on to sell the business
to AMC Cinemas in 2017. Andy subsequently joined the board of Away
Resorts, a private equity backed business and helped steer it
through to a GBP100m sale in 2019. He is currently working in a
senior leadership role in Diageo as their Head of Commercial Growth
and Digital for their Irish Brand Homes portfolio. It is this broad
leisure sales and marketing experience that Andy brings to the
board of the Company.
Marc Dixon, Chief Executive Officer
Marc Dixon has 28 years of experience in the travel and leisure
market. As CEO, he is responsible for the day-to-day running of the
Company and delivering on the strategy as set by the Board of
Directors. Marc started his career in 1994 as an Operations Manager
before being appointed as Director of Business Development
(Americas) for Eastman Kodak/Kodak Alaris in 1998. Marc stayed in
this role until 2018 when he joined PicSolve Inc as Director of
Business Development before moving into consultancy roles through
his own firm, MAD Consulting LLC. Marc has developed significant
leadership expertise in operations, IT, account management, and
business development, and held executive roles with Kodak and
Picsolve giving direct industry experience relevant to the Company.
In addition to his theme park and attractions experience, he has
developed several strategic alliances with channel partners
throughout the Caribbean, South America, and Mexico.
He has been instrumental in developing sponsorship programs
various of prominent brands throughout his career and has a track
record of delivering high-volume, multi-million-dollar annual
growth. He brings executive-level expertise in operational
performance to the Company and is adept at start-up infrastructure
planning and installation phases. Recognised by Executives and
peers for solid leadership and organisational skills, his industry
contacts and relationships are the core of his value proposition to
his partners and colleagues.
Michael Stilwell ACA, Chief Financial Officer
Michael is a CFO with over 9-years' experience of executive
positions with publicly traded companies. Michael is a Chartered
Accountant (ACA) having trained with KPMG which he joined in 1997.
Michael was previously Group CFO of AIM-listed FireAngel Safety
Technology Group PLC (AIM listed), appointed in December 2018.
Before that he was CFO of Synectics PLC (AIM listed) having joined
the business in October 2012. Before this, he held senior finance
roles with the Saint-Gobain Group, Coventry Building Society, and
the Caparo Group. Michael qualified as a Chartered Accountant with
KPMG and has a first-class degree in Accounting and Financial
Analysis from the University of Warwick.
Michael will oversee all global finance and reporting
responsibilities for Visum Technologies and will work with the
Board on complying with the Company's regulatory and other
requirements as a result of being a listed company.
Senior Management Team:
Jens Scheberg , Chief Technical Officer
A technology engineer with over 30 years of experience in
specialty camera engineering, design, and production, Jens serves
as the technology lead for Visum Technologies. Founder of Divicom
Europe, Scheberg engineered the first endoscopy camera in the world
to record live surgical procedures. He sold and distributed
globally by Olympus Medical and Phillips. Leading hospitals,
universities have used his patented technology and veterinary
clinics to enable neurosurgeons, cardiologists, and specialists to
share real-time data during surgery, changing the medical industry
standards globally.
In 2004, Jens adapted his one-of-a-kind endoscopic camera to the
travel and leisure market, modifying the small, high-quality camera
to the complex dynamics of amusement rides. His design,
engineering, and development include the world's leading amusement
park camera system, Ridercam 4.0, owned and operated by Visum
Technologies. The largest amusement parks have employed Scheberg's
intricate camera recording, technology, and data transmission
solution in the world. Its latest iteration incorporates the first
of its kind AI learning software. As Chief Technical Officer for
Visum Technologies, Scheberg is charged with continuous product
design improvement on the world's most thrilling attractions.
Beth Newnam , VP of Business Development and Marketing
Beth has over 20 years in the attraction/hospitality industry
and has driven substantial growth for Magic Memories and
Sharpshooter Imaging as a Business Development and Marketing leader
with a record of success propelling revenue, account growth, client
retention, product innovation and market competitiveness. Sought
out to revamp business development and marketing operations to
penetrate new markets, capture market share, and accelerate top and
bottom-line revenue growth.
As VP of Business Development and Marketing, Beth will oversee
all aspects of business development and marketing, including
developing a comprehensive pipeline and target markets to achieve
our growth objectives worldwide.
Joseph Rinaudo, Product Development Manager
Joe has been working to provide unique products and services for
over 20 years. He launched his career with Eastman Kodak Company as
a Software Engineer in the Medical Products Division, where his
digital capture and printing products were awarded a patent for
their innovation.
He has since held Global Leadership positions in Software
Development, Product Commercialization , Integration, Training,
Systems Engineering, and Service at Kodak and BlueCrest. Joe also
worked with Herschend Family Entertainment, leading Business
Process initiatives.
Product Innovation/Delivery has been a passion for Joe, and it
has ultimately led him to his role as Product Development Manager
at Visum Technologies, where Joe will oversee all future product
development initiatives.
For further information please contact:
Visum Technologies
Marc Dixon, Chief Executive marc.dixon@visumtechnologies.net
Officer
Michael Stilwell, Chief Financial
Officer
First Sentinel Corporate Finance
Limited +44 (0) 203 989 2222
(AQSE Corporate Adviser) Brian@first-sentinel.com
Brian Stockbridge
END
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