Video | Agriculture | Confidence | Economy | Energy | Employment | Finance | Media | Property | RBNZ | Science | SOEs | Tax | Technology | Telecoms | Tourism | Transport | Search

 

Smartpay Moves To Acquire of Retail Radio

MEDIA RELEASE FOR IMMEDIATE RELEASE


Smartpay Moves Ahead With 100% Acquisition of Retail Radio

Auckland, 4 December 2007 New Zealand’s electronic product distribution and integrated merchant services provider SmartPay Ltd (NZX: SPY) announced today that it has acquired 100 percent of leading digital signage and sensory media company Retail Radio (www.retailradio.co.nz).

The Retail Radio acquisition, which is subject to shareholder approval, comes after SmartPay’s other recent announcement that it has acquired Merchant IP Services Limited (MIPS www.mips.co.nz) and is part of the Company’s strategy to develop new business opportunities and to become a leading player in the integrated merchant services market.

Linc Burgess, CEO of SmartPay says “SmartPay is planning a number of acquisitions like Retail Radio that will give the Company a distinct merchant offering and capability that can provide retailers the full spectrum of services as a single provider without the hassle and expense of managing multiple carrier and service provider relationships.”

Burgess says that the purchase of Retail Radio fully secures a strong growth investment opportunity within the business and positions SmartPay as a leader in being able to offer merchants the latest digital signage technology to boost their sales and customer retention.
“The integration of Retail Radio will provide a significant additional service SmartPay can offer its current customer base and also allow SmartPay products to be offered to the Retail Radio customer base,” says Burgess.

Retail Radio has recently completed a successful digital signage trial with the Paper Plus mega store at the Sylvia Park shopping complex in Mt Wellington Auckland, and is also in discussions with a number of prospective Australian distributors and partners.

The Retail Radio system provides a music and advertising service with innovative and creative in-store advertising, brand messaging, point of decision marketing and the technical delivery of commercial In-Store Radio to increase sales in the merchant’s environment.

ENDS

© Scoop Media

 
 
 
Business Headlines | Sci-Tech Headlines

 

Gita Hits NZ: 'It Was Literally Like A Wall Of Water'

"We were looking at the river at 80 cubic metres at about 4pm thinking it was amazing that we'd dodged the bullet ... an hour and a half later it was 600 cubic metres, and it just kept going up to 900 from there." More>>

ALSO:

America's Cup: Another Day, Another Cup Village Plan

A fourth option modelling what an America's Cup Village in Auckland might look like has arrived today as a planning deadline nears with no agreement in sight.More>>

Closing Or Selling Regionals: Fairfax Starts NZ Endgame

Fairfax Media Group will close or sell 35 percent of its New Zealand print titles as the Australian group pursues a digital strategy for the kiwi unit, now rebranded Stuff. More>>

Fletcher Building: Norris Steps Down As Chair After New $486M Loss Provision

Ralph Norris will step down as chairman of Fletcher Building after the company took a further $486 million provision for project losses at its Building + Interiors unit and said 14 of the unit's 73 projects, worth $2.3 billion, are loss-making or 'on watch'. More>>

ALSO:

WWF: Concerns With Suggestion To “Scrap” Fishing Monitoring

“Our Pacific neighbours, like Fiji and the Solomon Islands, are making this work with far less economic resources than New Zealand. There’s no reason the government can’t get this done by October.” More>>

ALSO:

Stink one!: Stink Bug Invasion Could Cost NZ Billions

An invasion of the brown marmorated stink bug - the pest discovered recently in three Japanese car shipments - would devastate New Zealand's fruit, vegetable and wine industries, destroying more than $4 billion of export value and costing thousands ... More>>