Avanti Screenmedia Group PLC, the UK digital screen media specialist, changes its name and will be known, as for now on, as ASG Media plc.

The company also announces that it has secured further funding through the issue of £75,000 of convertible loans to Neo Media Group SA.

Neo Media holds approximately 29.4% of the issued share capital of the company and has previously subscribed for £1.9m of other convertible loans.

Upon full conversion of the existing convertible loans and the New Convertible Loans, Neo Media would own 180,136,363 ordinary shares representing up to a maximum of 61.2% of the Company’s enlarged issued share capital.