MSG Milestone Grp

 
TIDMMSG 
 
   26 October 2016 
 
   MILESTONE GROUP PLC 
 
   ("Milestone" or the "Company") 
 
   Extension of Independent Sales Organisation Agreement 
 
   Milestone, (AIM: MSG) the AIM quoted provider of digital media and 
technology solutions announces the extension of an agreement between its 
Nexstar joint venture partner Black Cactus Holdings Pty ltd ("Black 
Cactus") and Benefits on Madison, Inc ("Madison"), a leading Fintec 
Solutions Group based in Toronto Canada. 
 
 
 
   The extension of an existing agreement between Black Cactus and Madison 
now includes Nexstar (as an affiliated partner of Black Cactus). Under 
the agreement, Madison has appointed Nexstar as an Independent Sales 
Organisation (ISO) allowing Nexstar to issue prepaid and debit cards, 
promote, market and solicit orders for Benefit on Madison's extensive 
range of stored-value prepaid debit card services to resellers and/or to 
customers and cardholders directly. As an ISO for a major global 
payments corporation, the prepaid cards will be accepted at over 3 
million outlets globally with Nexstar earning a percentage of all 
transactions from the use of the prepaid and debit cards. 
 
   The addition of these services builds on the comprehensive suite of 
products already provided by Black Cactus, positioning Nexstar able to 
pursue a broader range of clients and solutions targeting un-banked or 
under-banked customers, concierge programs and insurance products, in 
addition to their trading, exchange and blockchain technology platforms. 
 
 
   Nexstar is already in discussion about these new services with several 
high value clients and aims to sign its first new contract before the 
end of 2016, for launch in Q1 2017. 
 
   Deborah White, CEO of Milestone commented: "The additional capability 
provided by this agreement in terms of access to products and range of 
services is significant. We will be actively promoting these services 
through our existing Passion Project partner networks and as already 
mentioned we have a pipeline of interest already in discussion". 
 
   About Nexstar 
 
   Nexstar, a joint venture entity between Milestone and Black Cactus, is a 
technology provider delivering payment solutions and digital 
entertainment. The Nexstar platform is designed to meet the needs of 
Milestone's clients, offering its audience access to the most current 
streaming content for music, movies and tv, as well as transactional 
(downloadable) content from a number of global providers. 
 
   About Benefits on Madison, Inc 
 
   Madison is a leading Fintec Solutions Group based in Toronto Canada, 
with offices throughout Latin America, the US and Canada. Madison 
specializes in payments, marketing, technology and insurance, and brings 
value, stability and strength together, all in one turn-key solution. 
 
   This announcement contains inside information for the purposes of 
Article 7 of EU Regulation 596/2014. 
 
   For further information: 
 
 
 
 
Milestone Group PLC 
Deborah White, Chief Executive                   Tel: 0207 929 7826 
 
Cairn Financial Advisers LLP, Nominated Adviser 
Liam Murray/Jo Turner                            Tel: 0207 213 0880 
 
Hybridan LLP, Broker 
Claire Louise Noyce                              Tel: 0203 764 2341 
 
Walbrook PR Limited, PR 
Gary Middleton/Paul Cornelius/Paul Whittington   Tel: 0207 933 8780 
 
 
 
   This announcement is distributed by Nasdaq Corporate Solutions on behalf 
of Nasdaq Corporate Solutions clients. 
 
   The issuer of this announcement warrants that they are solely 
responsible for the content, accuracy and originality of the information 
contained therein. 
 
   Source: Milestone Group PLC via Globenewswire 
 
 
  http://www.milestonegroup.co.uk/ 
 

(END) Dow Jones Newswires

October 26, 2016 02:01 ET (06:01 GMT)

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