RMG Networks Holding, Corp. (NASDAQ:RMGN) Partners with Leading Telecommunications Retailer in GCC as Share Price Moves Upwards

Leading provider in technology-driven visual communications, RMG Networks Holding, Corp. (NASDAQ:RMGN), announces latest advancements in digital retail, launching a new standalone store.

DALLAS, TX–(Marketwired – Nov 22, 2016) – RMG Networks Holding Corporation (NASDAQ : RMGN ), or RMG, a leading provider in technology-driven visual communications announces the latest advancements in digital retail with the launch of one of largest standalone stores in the outlet chain.

RMG has provided over 1,000 screens, media players, RMG’s proprietary Content Management Software, implementation services and ongoing maintenance for these all stores.

The store’s recent launch in October was a significant milestone for both companies and their longstanding partnership. The digital signage retail project, led by RMG, directly supports the retailers new concept store initiative designed to transform the traditional retail experience. RMG provided solutions ranging from concept to installation of interactive and non-interactive video walls, media player deployment, content creation, content management and daily optimization of all digital technology.

As a result of the rollout, customers have an exciting opportunity to interact with modern, multi-touch digital displays for an enriched and user-friendly experience, all with the goal to drive sales.

“Hitting this milestone proudly represents one of the most innovative and largest retail deployments in the Middle East for RMG,” said Joe Rabah, Managing Director, Middle East. “RMG stepped up to an extraordinary challenge and we were able to successfully implement an end-to-end solution.”

Robert Michelson, Chief Executive Officer and President of RMG, indicated, “The solution and implementation was not only noteworthy to the Middle East, this solution is one of the most advanced digital retail solutions delivered anywhere globally.”

To date, RMG is managing hundreds of media players and over 1,000 high-tech digital screens across all stores. RMG will continue the rollout across additional stores through 2017.

RMG configured all media players, digital displays and interactive video walls for the retailer’s showrooms resulting in one of the largest retail deployments in the middle east

“RMG’s team completed the build out with a quick turnaround ahead of schedule and with positive results,” said Michelson. “Our innovative vision and evolving client relationship can potentially transform retail experiences of today with an outcome beneficial to consumers.”

For additional information, visit: http://www.rmgnetworks.com/

About RMG:

RMG ( NASDAQ : RMGN ) goes beyond traditional communications to help businesses increase productivity, efficiency, and engagement through intelligent digital signage messaging. By combining best-in-class software, hardware, business applications, and services, RMG offers a single point of accountability for integrated data visualization and real-time performance management. The company is headquartered in Dallas, Texas, with additional offices in the United States, United Kingdom, and the United Arab Emirates. For more information, visit rmgnetworks.com.

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RMG Networks Holding, Corp. (NASDAQ:RMGN) shares are trading +11.27% on the news and in the range of $0.70 – 0.81 during the current trading session.  When taking a look at which direction the stock might be headed, investors often look to brokerage analysts who cover the stock.  Sell-side research firms on Wall Street currently have a consensus one-year price target of $1.10 on the stock.  This is according to brokerage analysts polled by Thomson Reuters First Call.

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Sell-side analysts are projecting earnings per share of $-0.03 for the next fiscal quarter.  For the current year, analysts are predicting earnings of $-0.13 per share according to First Call.

In looking at where the stock is trading on a technical level, the stock is trading +8.38% away from its 50-day moving average of $0.73.  Based on the most recent available data, the equity is -39.23% off of its 52-week high of $1.30 and +43.64% away from its 52-week low which is $0.55.

Today, the stock opened at $0.73 and the last bid at the time of writing stood at $0.79.  During the session thus far, the equity dipped down to $0.70 and touched $0.81 as the high point.  RMG Networks Holding, Corp. (NASDAQ:RMGN) has a market cap of $29.14M and has seen an average daily volume of 84,328 over the past three months.

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