DALLAS, July 06, 2017 (GLOBE NEWSWIRE) -- RMG Networks Holding Corporation (NASDAQ: RMGN ), or RMG, a global leader in technology-driven visual communications, recently received an additional contract with an existing customer in the Middle East to expand RMG’s interactive digital signage solution into two of the customer’s new facilities.
The contract, valued at approximately $530,000, further expands RMG’s footprint across the customer’s large network and represents a major advancement in the region for RMG. The implementation allows the customer to improve its visitor experience with wayfinding and interactive kiosks and to provide corporate communications messaging to all buildings from a central location.
After the proven success of RMG’s initial solution implementation in 2016, the customer contracted with RMG to more than double RMG’s footprint in the customer’s network. The rollout, currently underway and slated for completion in August, includes the installation of more than 230 digital signage screens, interactive kiosks and meeting room booking displays throughout the new facilities. There is potential for additional expansion opportunities as the customer continues to look for ways to add interactive digital experiences to its facilities.
“The success of our initial implementation, which has resulted in an improved visitor experience at our customer’s facilities, drove the current expansion opportunity,” said Robert Michelson, President and Chief Executive Officer of RMG. “RMG maintains an exceptional customer base, including approximately half of the Fortune 500. This presents a powerful opportunity, as we leverage our successes with existing customers and develop innovative solutions to expand our relationships, as we did with this customer. We look forward to developing further expansion opportunities, including leveraging our MAX LED solution, in our customer’s network and across the Middle East market.”
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About RMG
RMG (NASDAQ: RMGN ) goes beyond traditional communications to help businesses increase productivity, efficiency and engagement through digital messaging. By combining best-in-class software, hardware, business applications and services, RMG offers a single point of accountability for integrated data visualization and real-time performance management. The company is headquartered in Dallas, Texas, with additional offices in the United Kingdom and the United Arab Emirates. For more information, visit www.rmgnetworks.com .
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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: "develop," "position," "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 our success in selling and implementing projects such as the one described above, the customer’s potential to implement RMG solutions at other sites, expected future operating results, such as generating product revenue therefrom, developing new technology or solutions, 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.
Contact: Investor Brett Maas/Rob Fink 646-536-7331/646-415-8972 ir@rmgnetworks.com or Media Gloria Lee 972-744-3958 gloria.lee@rmgnetworks.com
