RNS REACH ANNOUNCEMENT
5th September 2016
On behalf of:
Paragon Entertainment Limited ("Paragon", the "Company" or the "Group")
Embargoed until noon on Monday 5th September 2016
Paragon Entertainment Limited
Representation Agreement with Gülşah Öztürk in Turkey.
Paragon Entertainment Limited (AIM: PEL), the attractions design, production and fit-out business, is pleased to announce that it has entered into a representation agreement with Gülşah Öztürk, a museums, attractions and heritage specialist based in Turkey.
Gülşah Öztürk will represent Paragon's bespoke attractions design, development and build offering across the Turkish region with a focus on museums and heritage. The agreement will allow Paragon increased access to regional projects, businesses, local trades and materials.
While Paragon has delivered projects to Turkish clients, to date it has had a limited sales and marketing presence in Turkey. It is Paragon's objective to increase its representation base around the world so as to attract and find new projects in new regions where it is not currently active. Paragon now has representation deals in China, the Middle East, Northern Africa, Latvia and the Baltic States, and Turkey.
Commenting on the deal, Mark Pyrah, CEO of Paragon Entertainment said:
"I am delighted to announce this deal. Gülşah Öztürk and Paragon have a working relationship that goes back 5 years. As most projects require local understanding, representation on the ground is an important strategic step to drive sales and growth in areas of the world and the Middle East has proved this to us over the last 18 months. Paragon has created some significant projects in the Turkish region over the last 5 years, the Florya National Aquarium and the famous Simulation Centre in Kapatepe focusing on the Gallipoli Campaign. Working with Gülşah Öztürk, we intend to revive our presence in this important world heritage space and build on the portfolio we have created."
For further information:
Paragon Entertainment Limited
Mark Taylor (Chairman)
Julian Blunt / Simon Hicks (corporate finance)
Alice Lane (corporate broking)
020 7220 0500
Notes to Editors:
Paragon Entertainment Limited (AIM:PEL) is an award winning provider of attraction services from initial design production and consulting through to the fit out and installation of themed attractions, heritage exhibits, museums, aquariums and water parks, inter alia.
Paragon Entertainment is the holding company for Paragon Creative Limited.
The Group's projects have included:
· The build of Rolling Stones at the Saatchi Gallery, London;
· The design and build of Kidzania, London;
· The design and build of galleries at the Olympic Museum for the IOC in Lausanne, Switzerland;
· The design and build of the galleries at The National Museum of Kazakhstan;
· The design and build of Titanic Belfast;
· The thematic build of the Wallace and Gromit ride at Blackpool Pleasure Beach;
The Group listed on AIM in 2011.
Further information can be found at: http://www.paragonent.com.
This information is provided by RNS