DALLAS, TX — (Marketwired) — 02/01/16 — RMG Networks Holding Corporation (NASDAQ: RMGN), or RMG Networks, a leading provider of technology-driven visual communications, today announced that it has been awarded an order to begin the second phase implementation for Etisalat–s new in-store digital signage retail deployment. This award follows the phase one contract announced in July 2015. The project is one of the largest retail developments of its kind in the Middle East.
To date, including this most recent win, RMG Networks has been awarded installations for 50 Etisalat stores with 40 stores already completed in 2015 and 10 stores scheduled for completion in early 2016. The company also expects an opportunity to be awarded an additional 50 stores in 2016, bringing total potential installations under the project to 100 stores.
Etisalat is a multi-national UAE-based telecommunications service provider, which serves 11.6 million customers in the UAE. The digital signage retail project is in direct support of the Etisalat–s new “Life: Connected” store concept designed to transform its retail experience and drive sales with a contemporary, fully digital environment for its customers.
The one-of-a-kind digitally enabled concept equips Etisalat retail stores with interactive and non-interactive video walls, LED displays and interactive SmartScreens that allow customers to learn about product and service options and include multi-language support.
Suhail Al Awadi, Vice President-Retail at Etisalat, said, “Digital signage is a revolutionary way to engage customers looking for an innovative and exciting experience. Our new SMART stores in the UAE embody Etisalat–s customer experience strategy, using technology to make our customer–s visit to the store effortless, informative and highly interactive. After the successful completion of the phase one of the project, we are pleased to continue working with RMG to help bring this concept to reality through their creative digital executions across a majority of our stores over the next year.”
RMG Networks is providing a comprehensive solution of software, hardware and content in combination with installation and logistics services.
“Our digital solutions continue to lead the industry in providing an innovative and modern experience for users,” said Robert Michelson, Chief Executive Officer and President of RMG Networks. “Intelligent visual solutions allow retail stores to connect with customers, enhancing their experience and increasing engagement. We are proud to support Etisalat in implementing this revolutionary visual concept.”
RMG Networks was awarded this tender through a rigorous selection process that included multiple competitors from around the globe.
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© 2016 RMG Networks Holding Corporation. RMG Networks and its logo are trademarks and/or service marks of RMG Networks Holding Corporation.
RMG NETWORKS (NASDAQ: RMGN) is a worldwide leader in intelligent visual communications that help businesses increase productivity, efficiency and engagement through digital messaging. By combining best-in-class software, hardware, business applications and services, RMG Networks offers a single point of accountability for integrated data visualization and real-time performance management. The company, who values 70% of the Fortune 100 as clients, is headquartered in Dallas, Texas, with additional offices in the United States, United Kingdom and the United Arab Emirates. For more information, visit .
Except for historical information contained herein, the matters set forth in this release are “forward-looking statements” within the meaning of the safe harbor provisions of the U.S. Private Securities Litigation Reform Act of 1995. Forward-looking statements can be identified by words such as: “anticipate,” “intend,” “plan,” “goal,” “seek,” “believe,” “project,” “estimate,” “expect,” “strategy,” “future,” “likely,” “may,” “should,” “will” and similar references to future periods. Examples of forward-looking statements include, among others, statements we make regarding expected future operating results, such as revenue growth, our ability to achieve positive adjusted EBITDA, our ability to win new customers and our ability to appeal to new market segments. The forward-looking statements set forth above involve a number of risks and uncertainties that could cause actual results to differ materially from any such statement, including the risks and uncertainties discussed in the company–s Safe Harbor Compliance Statement for Forward-Looking Statements included in the company–s recent filings, including Forms 10-K and 10-Q, with the Securities and Exchange Commission. The forward-looking statements speak only as of the date made, and the company undertakes no obligation to update these forward-looking statements.
Ashley Knapp
TallGrass Public Relations
605-275-4075
Hayden IR
Brett Maas/Rob Fink
646-536-7331/646-415-8972
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