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DALLAS, April 19, 2017 -- RMG Networks Holding Corporation (NASDAQ:RMGN), or RMG, a global leader in technology-driven visual communications, recently supported an existing client, one of the largest complexes for events and exhibitions in the world, expand its digital signage footprint with the installation of visual solutions, most prominently RMG MAX LED.
RMG is expanding the solutions offered to this long-standing customer with its recent growth to a new venue building. RMG is implementing its MAX LED outdoor solution with a large LED sign for dynamic messaging and advertising along with a management platform capable of supporting an array of other visual signage needs. With this implementation, RMG now powers the full realm of more than 250 digital screens across the events complex, including indoor and outdoor digital screens, media walls, LED walls, video walls and conference room booking systems.
The customer is among one of RMG’s largest clients outside of the United States. This new $640,000 contract when combined with previous contracts represents more than $1.2 million in total orders with RMG. There are significant expansion opportunities under consideration to support the customer’s planned growth needs.
“We are proud to participate in our customer’s expansion of its digital signage footprint and grow in conjunction with them,” said Robert Michelson, Chief Executive Officer and President of RMG. “The continued value of RMG’s products and services were a key factor promoting this client to greatly expand their investment with RMG. We are pleased to recognize this major contract for our new RMG MAX product of large LED screens. This is further evidence our expanding product strategy is being well received by our customers.”
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 States, United Kingdom and the United Arab Emirates. For more information, visit www.rmgnetworks.com.
Cautionary Note Regarding Forward-Looking Statements
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 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 [email protected] or Media Gloria Lee 972-744-3958 [email protected]
