Non-Executive Finance Director (FD) required for the UK’s first licensed multimedia vending machine & download Company, based in London.

The company will sell a range from each machine including but not limited to: I-pods, Digital cameras, Sat Nav, USB/CD/ DVD, and Memory Cards. Music and multi-media downloads will be available for purchase from download portals. Advertising will be saleable on to digital signage TV screens mounted to side and atop each machine.

A contract to install into 35 major shopping centres nationwide is awaiting successful launch of the first machine. The company will also licence its software and sell / lease its machines to thirds parties.

The NED requirements are:
• Strategic direction/input at board level
• Experience in multimedia retail products, broadcast, distribution and vending
• Formal Financial qualifications
• Experience of directing a fast growing multi-site operation
• “City” experience, knowledge and contacts to facilitate further fundraising

It will be beneficial if the Non-Executive FD wishes to become a shareholder in the Company to align the incoming NED’s interest with that of the existing Directors who are all shareholders.

1. The Company & the Market:
• Our client, based in London has developed a vending machine designed to vend any multimedia product of a vendable size alongside a separate music download kiosk enabling consumers to download multi-media content, music and buy concert tickets.
• The machines will accept Chip & Pin Credit and Debit cards allowing for the vending of high value items.
• The machines feature soft drop technology, which protects the products at point of delivery to the consumer.
• The music download kiosks feature touch screen technology, cash and credit card acceptance to enable fast and easy to use downloads and ticket purchasing.
• A large digital signage touch screen is also part of the mix that allows third party TV advertising as well as customer interactivity
• Our client provides telemetry, which enables online tracking of sales and inventory.
• The company are developing proprietary software for remote downloading of audio visual content, internet, broadband, downloading of music and E-commerce. This software may also be licensed to third parties who buy machines.
• The company is in discussions with major property companies who own shopping centres nationally, to site machines.
• The company also plan to deploy machines in the live music concert and festival market to tap in to the market which has grown from £475 million in 1999 to beyond £615 million in 2004. (Forecast to grow a further 100% over the next decade). These can be linked with ticket collection via barcodes sent directly to consumer’s mobile phones.
• The Company estimated that 10 machines averaging physical sales of 10-12 units a day will produce a turnover of £850,000 with a gross profit of £320,000 assuming a retail profit margin of 35%. Advertising income, ticketing and download income is incremental to this.

• The Business Plan has projected figures for 1600 machines to be deployed by end of year three.
• Our client is seeking total further “founding fundraising” of £100,000, in order to further develop and launch the first operational units, ready the company to roll out further machines and prepare documentation for further, multi-million venture capital fundraising.
• Exit is planned via a trade sale or floatation after 3 – 5 years.

2. Non-Executive Finance Director Requirements:
• A Non-Executive Finance Director (FD) is required with a successful background ideally in vending / TV music or new digital media sectors to add strategic direction at Board level to help the Company develop the business and establish the Company as a major player in the vending industry.
• The Non-Exec FD should have formal Finance qualifications, experience of directing a major roll-out on a national basis and “City” experience, knowledge and contacts to facilitate further fundraising and financing.
• It will be beneficial if the Non-Exec FD wishes to become an investing shareholder in the Company to align the incoming Director’s interest with that of the existing Directors.

A Business Plan is available but we will require a signed Self–Certification Statement in order to comply with the current Financial Services and Markets Act (Financial Promotion) Order 2005 (FSA) legislation plus our Confidentiality/NDA form. If you have not already signed these forms we will email them to you.

N.B. This memorandum should not be considered as a recommendation by the Shareholders, the Company or any of their respective subsidiaries, affiliates, representatives, partners, directors, officers, employees, advisers or agents to acquire the shares in the Company, and recipients interested in buying shares in the Company are recommended to seek their own independent financial, legal and other advice.

Our web site is: www.ffplacements.co.uk or www.NonExecutiveDirector.co.uk