Designer Vision Group Plc

September 19, 2005 02:03 ET

Designer Vision Group Plc - Agreement to supply Renault DPA France

LONDON, ENGLAND--(CCNMatthews - Sept. 19, 2005) -

Designer Vision Group Plc ("Designer Vision" or the "Company"), the in-car audio-visual entertainment systems specialist, is pleased to announce that it has been appointed by Renault's Department of Parts and Accessories France ("Renault DPA France") to supply a totally integrated Rear Seat Entertainment ("RSE") solution for the new Laguna. The vehicle line is due to be launched across the UK, Europe and rest of the world from September 2007.

The innovative RSE solution will be designed and manufactured by Designer Vision specifically for the new Renault Laguna line. The RSE system is installed within the vehicle seat back and comprises a high-quality TFT (thin-film transistor) monitor, an integrated DVD player, complemented by further multimedia applications including USB and card reading facilities.

Commenting on the success in winning the new contract, Angelo Panayiotou, Chairman of Designer Vision's operating subsidiary, said: "As a pan-European programme in co-operation with one of Europe's largest manufacturers, this is an important landmark for the Company, strengthening our position as a market leader of in-car entertainment systems in the region."

Notes to Editors:

Designer Vision Group Plc came to the AIM market in August 2003 and has developed a number of multi-media systems, including rear-seat DVD, for the car market. The Company has secured a number of high-profile OEM contracts to supply leading motor manufacturers within the UK including BMW, Ford, Jaguar, Nissan and Volvo. Following the acquisition of Tech Trade Limited in February 2005, Designer Vision has also established a strong presence in the audio-visual retail market, selling portable DVDs and MP3 players to customers such as Toys R Us and Virgin Megastores.

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