As part of the publication of its 2009 preliminary results, Ram Investment Group has announced its intention to “raise sufficient finance for the working capital required by the Group for the next eighteen months and for the capital expenditure needed by RV (Ram Vision) to extend its screen network and by TFX (TrainFX) to commence the installation of digital screens onto its first London commuter rail line”.

According to RAM, TFX has now won a number of major contracts. “To date these are to sell its passenger information systems equipment and train management information solutions to train operating companies in the UK. (…)

The first TFX Passenger Information Systems are now being manufactured for installation on the First Great Western route from London to Reading. (…)

TFX is [also] ready to install its digital screens on First Capital Connect trains. On completion, passengers will benefit from enhanced travel information and news and weather reports. To start its installation programm, [the] company will be required to raise capital this year. The advertising income that [the] company forecasts from screens on trains will supplement the rolling revenue from the TFX engineering sales and eventually overtake it.”

With regards to Ram Vision, the group indicates that “RV has seen a significant uplift in its activity on a like-for-like basis (RV has contributed turnover of £300,000 in the last two months of the year). Besides winning longer term contracts, a welcome trend of advertisers booking now well in advance has developed. We are also starting to book highly profitable ‘short burst’ campaigns.

RV now has a bigger presence in shopping malls than when the network was operated by the ASG Group. Moreover, RV has broadened its relationships with the addition of more property companies, achieved through agreeing to operate and market existing screen networks.”

Ram has posted a pre-tax loss of £1.85m for the 12 months ended 31 December 2009.