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 £0.14 per ordinary share, raising gross proceeds of £601,187.64 (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 £7,100,981.89.
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.
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 £800m when acquired in 2004 by Dubai Investment Capital to £1billion 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 £170million. 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 £100m 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:
Marc Dixon, Chief Executive Officer
Michael Stilwell, Chief Financial Officer
First Sentinel Corporate Finance Limited
(AQSE Corporate Adviser)
+44 (0) 203 989 2222