I have been hearing a number of bullish comments on this company. The company distributes vending machines all over the country that give out cash, mobile top ups etc.. and have around 400 machines. They recently had a fund raising which was succesful and will be reporting on Friday. The good news is that they plan to go into e-commerce and have already signed a deal with Alcatel. So in the future if you run out of cash a quick call on your mobile enter your security pin and you will have purchasing power. Does anyone have more info on this company?

Now we know why. 5 year deal signed with mars.

Vianet Group PLC
15 March 2005

Vianet Group PLC

Vianet and Mars Electronics International Partner for Telemetry Solutions, first
volume order placed

Vianet has today signed a five year Value Added Reseller Agreement with Mars
Electronics International ('MEI'), a part of Mars Incorporated, and one of the
world's largest manufacturers of electronic coin changers, bill acceptors,
cashless payment systems and other unattended transaction systems. MEI has
placed an initial order for 5,000 viTel audit devices, with a contracted minimum
of 3,000 units, which will be installed over the next 24 months in MEI's
customer base.

The Agreement encompasses all countries across Europe and appoints Vianet as the
exclusive provider of vending audit devices, which enable electronic transfer of
vending meter readings. Vianet's viTel Audit device will greatly increase
operator efficiency, enhance data accuracy, and increase profitability.
Furthermore the Agreement appoints Vianet as the primary supplier of vending
telemetry services to the MEI group of companies and MEI EASITRAX customers. MEI
are targeted to supply other Mars subsidiary companies as part of the Agreement.

The partnership integrates both Vianet's viTel data collection units (hardware)
and Vianet's vOpen Internet based vending management system with MEI's EASITRAX
system. This system, accessed by a mobile phone connection to a local Internet
Service Provider, is designed to manage customers' vending businesses more
effectively, provide efficiencies through stock and cash management and collect
and analyse data to help identify product marketing opportunities. The
combination of the vOpen Internet based system and MEI EASITRAX provides the
vending owner unparalleled flexibility for data gathering and analysis. The
vOpen management system is hosted by Vianet's partner, Alcatel.

For Vianet Ian Orrock, Chairman and CEO, said:

'Vianet's exclusive agreement with MEI represents a definitive endorsement, from
a global brand, of the performance and cost-benefits from our vOpen system.

I am delighted to be partnering with MEI and the potential opportunities this
brings to the Group across Europe.

For MEI, Anthony Ioele, Head of Vending Management Solutions, said:

'Today's Agreement is very important to MEI and our customer base in Europe, it
provides the ability for MEI and Vianet to provide the best solutions to improve
our customers' efficiencies and profitability through implementation of MEI
EASITRAX and the vOpen system.

We expect our customers to be able to demonstrate substantial operational
benefits from our partnership with Vianet.'

nice to see this one come alive been holding this for a while now so heres hoping its about to fly

Results better than expected too...all in all up from below 5p at start of Feb to almost 9p at its highest in trade today.
More to come hopefully...

Now looking like a split up of the company....
US stock up 8% on the and a further4% after hours, so should see it tick up in the Uk tomorrow.

viacom is not vianet the symbol is the same but the companies are nowhere near

Cheers ssanbs - yes just saw it via the news tab based on symbol & didn't read fully! Apologies

Up 50% in last 4 weeks & back on the move today with +5% Nice, any further news?

Any thoughts on this RNS.

"Vianet were notified today that following a purchase of 6,434,260 shares on 22
March 2005, Michael Underwood's shareholding in Vianet is now 14,646,758
ordinary shares representing 10.84% of the enlarged shares in issue."

vianet up on rumours of a tie-up deal with coca cola, this would endorse their product on the back of the GSK deal recently

The full year results show encouraging signs of intrerest from some big companies. Vodafone are due to roll out fully in the second half of 2006, for cash, and chip n pin related services via your mobile phone. Also there is an unamed mobile phone company also trialling this technology. 2000 telemetric units have been produced gor gsk who have already installed 1300 units.They are currently negotiating terms for additional applications,system administration and an extensive roll-out.Fujitsu is a partner to roll-out smart vending to the wider retail market.Selecta has run extensive european trials and has been invited to contribute to its telemetry strategy by the new management.The Alcatel mangement and support has been disengaged and brought cost savings as it has been moved to a new state of the art hosting service. The small fundraising seems to be cash to tide them over as one of the deals will put the company into the black, as said by the ceo. The downside is that these trials have been going on for over 12 months and still no one has signed a frm contract for orders, but the relationships between vianet and partners is strong and the management seem to be confident. This looks a good investment if you like to take a risk/reward punt.

good investment??? they are turning over circa 25k per month, have 9 months cash left and it looks as if Mars are trying to pull out of their contract.

they need to sell 2,500 units per month fro break even, i think they have sold in total maybe 5,000 in 2 years.

looks very dodgy to me