Milestone Group PLC: Update on Milestone's OnGu...

Milestone Group PLC: Update on Milestone's OnGuard Product

Milestone, the AIM quoted (AIM: MSG) provider of digital media and technology solutions is pleased to announce that it has signed a new agreement with commerical cleaning organisation Viper Cleaning Services Ltd ("VCS") and extended the agreement with STM Security Group (UK) Ltd ("STM") for the use of OnGuard.

On 14 October 2013, Milestone announced that STM had signed an agreement for a paid for pilot of OnGuard. This business management solution was specifically targeted at the security industry. It utilises the latest mobile and cloud technologies to support the administrative, operational and financial functions of the Manned Guarding sector.

STM has been using the software to provide audited process and resource management, and integrated business functions, improving their inter-departmental efficiencies and reporting. STM have now signed an agreement to extend their usage by a further 250 users and cover an additional 300 sites in the UK.

As part of this pilot, STM has been providing feedback to Milestone in order for the product to be further developed. This has lead to improved functionality and additional revenue opportunities in business sectors outside of the original security focus.

Milestone has now signed a 12-month agreement with VCS. The OnGuard product will be used by VCS to manage its mobile cleaning operatives at over 5,000 locations across the North East of England. The product will increase the efficiency of their operations whilst improving risk management, employee safety and information flow.

Belinda Smith, Commercial Manager, Viper Cleaning Services Ltd, commented:

 

"We are very pleased to have the opportunity to use Milestone's OnGuard product. This technology enables us to bring a new level of safety, efficiency and visibility to the business."

For further information:

Milestone Group PLC
Deborah White, Chief Executive
Tel: 020 7929 7826
Cairn Financial Advisers LLP, Nominated Adviser
Liam Murray / Avi Robinson
Tel: 020 7148 7900
Hybridan LLP, Broker
Claire Louise Noyce
Tel: 020 7947 4350



This announcement is distributed by NASDAQ OMX Corporate Solutions on behalf of NASDAQ OMX 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

HUG#1773987
UK 100

Latest directors dealings