Total
0
Shares
Swift Media (ASX:SW1) - CEO, Brian Mangano
CEO, Brian Mangano
Source: Swift Media
Market Herald logo

Subscribe

Be the first with the news that moves the market
  • Swift Media (SW1) enters new agreements to deploy its proprietary communication and entertainment solutions across four aged care clinics
  • The company’s new clients include Resthaven, Japara, Mark Moran and Hall & Prior, with its solutions to be deployed to 20 sites
  • The solutions consist of Swift On Demand, Swift Plus anf Swift Plus with Foxtel
  • The total contract value of the agreements is $1.1 million with revenue to begin this month
  • Swift Media ends the day 4.17 per cent in the green with shares trading at 2.5 cents

Swift Media (SW1) has entered new agreements to deploy its proprietary communication and entertainment solutions across four aged care clinics.

The company’s new clients include Resthaven, Japara, Mark Moran and Hall & Prior, with its solutions to be deployed to 20 sites.

Resthaven will roll out Swift Media’s Swift On Demand and Swift Plus communication and entertainment platforms to three sites for 301 rooms.

Mark Moran, a premium aged care and independent living provider, will roll out the Swift On Demand system to residential aged care and independent living units across 181 rooms.

Hall & Prior’s Greenfields site in NSW will begin installing Swift Plus with Foxtel in early October.

The total contract value of the agreements is $1.1 million with revenue to begin this month.

CEO Brian Mangano commented on the agreements.

“We are delighted to be working with Resthaven, Mark Moran, Japara and Hall & Prior on these landmark installations,” Mr Mangano said.

“In addition to the 20 sites contracted to Swift, these clients manage 100 additional sites across Australia. We’re excited about the possibility to roll out Swift’s superior communications and entertainment systems to these sites as well.”

Swift Media has ended the day 4.17 per cent in the green with shares trading at 2.5 cents in a $13.89 million market cap.

SW1 by the numbers
More From The Market Herald
Tinybeans (ASX:TNY) - CEO, Eddie Geller

" Tinybeans Group (ASX:TNY) receives commitments for $8m placement

Tinybeans Group (TNY) has received commitments for an $8 million placement.

" Seven West Media (ASX:SWM) makes $131.9m bid for Prime Media Group (ASX:PRT)

Seven West Media (SWM) is looking to solidify its position in Australia’s broadcast landscape with the buyout of Prime Media Group (PRT) for
Enero Group (ASX:EGG) - CEO, Brent Scrimshaw

" Enero Group (ASX:EGG) sets Frank PR free for $1.5M

Media company Enero Group (EGG) has sold its 75 per cent interest in its public relations subsidiary, Frank PR.
Seven West Media (ASX:SWM) - Managing Director, James Warburton.

" Seven West Media (ASX:SWM) returns to profit in FY21

Seven West Media (SWM) is back in the black, posting a $318.1 million profit in its FY21 full year results and annual report.