DALLAS, TX — (Marketwired) — 07/09/15 — RMG Networks Holding Corporation (NASDAQ: RMGN), or RMG NetworksTM, a leading provider of technology-driven visual communications, today announced the signing of a multimillion agreement to support one of the world’s largest telecommunication companies. Initial purchases under the award total $1.1 million, a majority of which will be recognized as margin for accounting purposes. Significant future orders representing up to an additional $4 million are likely as the solution continues to roll out in 2016 across the customer’s retail footprint. The opportunity represents one of the largest awards in RMG Networks’ history.
RMG Networks will provide multiple stores with interactive and non-interactive video walls, LED displays and interactive Smart Screens that allow customers to learn about product and service options with multi-language support. The project is in direct support of the international telecommunications provider’s recently unveiled new store concept designed to transform its retail experience and drive sales with a contemporary, fully digital environment for its customers.
“Built on a cutting-edge digital strategy, this retail transformation will elevate our customer’s in-store environment,” said Robert Michelson, Chief Executive Officer and President of RMG Networks. “Working in close collaboration, we are deploying a solution that will deliver a modern retail experience for shoppers. Together we are implementing the concept of connecting people’s lives to the company by improving opportunities to engage with staff, products and services.”
RMG Networks was awarded this tender through a rigorous selection process including multiple competitors from around the globe.
For additional information, visit: http://www.rmgnetworks.com/
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