Pilat Media Global plc

Pilat Media Global plc

October 12, 2006 04:05 ET

Pilat Media Global plc.:Signs a Contract with Major U.S. Broadcaster

LONDON, UNITED KINGDOM--(CCNMatthews - Oct. 12, 2006) - Pilat Media Global plc. ("Pilat Media" or the "Company") (AIM:PGB), the London-based AIM-listed supplier of business management software to broadcasters around the world is pleased to announce the signing of a contract with a major USA-based broadcaster for the supply of a content scheduling and media distribution management system based on its IBMS product. IBMS will be customized and enhanced to meet the broadcaster's demanding requirements and the implementation process is planned to take 18 months.

The value of the licenses and services to be supplied by Pilat Media under the contract is estimated at approximately $5 million with additional recurring fees from maintenance expected when the system goes live. This deal marks Pilat Media's tenth client in North America, joining major broadcasters like Discovery International, Canada's CTV and FOX Television Stations.

Commenting on the contract, Avi Engel, Pilat Media's CEO said: "We are delighted to have been awarded this substantial contract with one of the world's most prominent broadcasters, and the opportunity to utilize IBMS as a means to meeting this unprecedented technology integration challenge. This is another major step for Pilat Media towards becoming the vendor of choice for large broadcasters when it comes to realizing their future vision of a streamlined, flexible and integrated operation."

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