Milestone Group PLC : Cooperation Agreement Sig...

MILESTONE GROUP PLC

("Milestone" or the "Company") 

Cooperation Agreement Signed with NaPo Ltd

Milestone (AIM: MSG), the AIM quoted provider of digital media and technology solutions announces that its subsidiary, Nexstar has signed a cooperation agreement to provide NaPo Limited with a white label version of its Backstage HD digital platform and money over IP financial platforms. The agreement is for a 50/50 revenue share between Nexstar and NaPo Limited.  NaPo Limited will offer the platforms to its customers across its extensive rebate and rewards platforms.

As announced on 19 December 2015 Backstage HD is a music publishing platform allowing artists to promote and sell their music to over 120 streaming services and online stores.

NaPo Limited is the owner of one of the world's largest Mobile Reward platforms and one of the largest suppliers of mobile rewards at checkout in the form of rebates, discounts and coupons. It also offers pre-paid multi-currency card programs linked to a loyalty and reward programme.

Deborah White, CEO of Milestone, commented:

"This agreement with NaPo gives Nexstar access to a very large international customer base and allows NaPo's customers access to a media platform where they can stream and buy e-media from our extensive global library without the need to access several platforms. The addition of Backstage HD we believe gives NaPo's customers a truly unique offering in the rebate and rewards space."

Tyson Thomson NaPo MD said:

"In our 22 years in the rewards space we have seen many changes in the industry, however the one that doesn't change is the appetite for being rewarded for being a loyal customer. Nexstar's music and finance technology allows us to keep innovating our rewards and rebate programmes for our clientele, keeping them one step ahead of the competition, while also opening up a very large customer base for Nexstar."

For further information:

Milestone Group PLC Deborah White, Chief Executive	Tel: [phone]
Cairn Financial Advisers LLP, Nominated Adviser Liam Murray	Tel: [phone]
Hybridan LLP, Broker Claire Louise Noyce  Walbrook PR Limited, PR Gary Middleton / Paul Cornelius / Paul Whittington	Tel: [phone]   Tel: [phone]

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Source: Milestone Group PLC via Globenewswire

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