MSG Milestone Grp

 
TIDMMSG 
 
 
   MILESTONE GROUP PLC 
 
   ("Milestone" or the "Company") 
 
   Memorandum of Understanding Signed 
 
   Milestone (AIM:MSG), the AIM quoted provider of digital media and 
technology, notifies shareholders that it has signed a Memorandum of 
Understanding with Seed Media Limited and Martin Heath to enter into a 
joint venture agreement (the "Joint Venture"). 
 
   The purpose of the Joint Venture is to produce payment processing and 
intellectual property solutions initially within the Media industry 
utilising a combination of private and public blockchain technologies. 
The backbone of the solution will be based upon proven Mutual 
Distributed Ledger ("MDL") technology platforms provided by Z/Yen Group 
Limited ("Z/Yen") and will utilise the expertise of Global Currency 
Exchange Network Ltd ("GCEN") with regards to currency transactions. The 
JV will also license marketing and analytical technologies from Seed 
Media Ltd. Both Z/Yen and GCEN have issued signed Letters of Intent with 
respect to the project. 
 
   Martin Heath has a long-standing pedigree in the music industry, 
providing unique insight into the issues around royalty payments, IP 
protection and artists' rights. 
 
   Milestone Group will own 50.5% of the Joint Venture, the remainder owned 
by Martin Heath and Seed Media Ltd. Milestone will receive 50% of any 
net revenue generated. 
 
   Further announcements will be made in due course. 
 
   Tony Sanders CEO of Milestone commented: 
 
   "We are pleased to have come to this agreement with Martin Heath and 
Seed Media as this supports our revised strategy of fintech and media 
solutions, the initial project covering both verticals.  Overall the JV 
complements the existing products and services offered by our 
relationships. " 
 
   This announcement contains inside information for the purposes of 
Article 7 of EU Regulation 596/2014. The person who arranged for release 
of this announcement on behalf of the Company was Tony Sanders (Chief 
Executive Officer). 
 
   For further information: 
 
 
 
 
Milestone Group PLC                              Tel: 020 7929 7826 
 Tony Sanders 
Cairn Financial Advisers LLP, Nominated Adviser  Tel: 020 7213 0880 
 Liam Murray / Jo Turner 
Hybridan LLP, Broker                             Tel: 020 3764 2341 
 Claire Louise Noyce 
Walbrook PR Limited, PR                          Tel: 020 7933 8780 
 Gary Middleton / Paul Cornelius 
 
 
 
   This announcement is distributed by Nasdaq Corporate Solutions on behalf 
of Nasdaq Corporate Solutions clients. 
 
   The issuer of this announcement warrants that they are solely 
responsible for the content, accuracy and originality of the information 
contained therein. 
 
   Source: Milestone Group PLC via Globenewswire 
 
 
  http://www.milestonegroup.co.uk/ 
 

(END) Dow Jones Newswires

February 12, 2018 02:00 ET (07:00 GMT)

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