News

Vivadi goes for IPO in September 2005, to coincide with the launch of the new High-Definition Vivadi Saturn system (26/8/2005)

Vivadi plc today confirmed that its Initial Public Offering (IPO) will open in September 2005, to coincide with the launch of the new High-Definition Vivadi Saturn system.

Vivadi's first Saturn system was launched in December 2004 and received great acclaim in the specialist press. What Plasma magazine awarded its highest five star verdict and Best Buy recommendation, stating: "Vivadi has turned a seemingly impossible concept into a life changing reality". Saturn is the first system to integrate a 46" plasma TV with a full media centre, including DVD recorder, hard-drive PVR and music server, Dolby & DTS surround sound, internet and e-mail. It's also the first to use a patented new construction called Future-proof Electronics Technology, which enables the system to be readily upgraded to accommodate new technologies. The new HD Saturn offers an even higher performance and adds twin HDMI connectivity.

Vivadi CEO, Paul Roberts, commented:

Vivadi plc has worldwide exclusive rights to produce and market a range of highly innovative plasma televisions and digital media centres targeted at the premium home cinema marketplace. Our product range has been 5 years in development and the new HD plasma is the last piece in the jigsaw - the range is now complete. We will launch the Vivadi Saturn system into the UK market through leading specialist home cinema dealers, taking advantage of the currently favourable conditions resulting from the lack of comparable products in the lucrative premium market sector.

Our business is highly scaleable. Modest funding would allow us to launch Saturn in the UK and grow organically, but additional resources will enable us to accelerate this process with additional models, extra marketing expenditure and an earlier commencement of exports. This is why we are now moving to IPO, in order to raise sufficient funding to deliver a dealer package that really does justice to our superb products. As a former retailer myself, I am very aware of how important it is to provide a compelling proposition to dealers, including great products, strong marketing, excellent margins and comprehensive support.

We are very excited by our future prospects as we move to IPO and would like to thank everyone that has helped us to get to this point. Watch this space Ð you'll be seeing a lot more of Vivadi in the coming weeks!

www.vivadi.com