Media Technology wins $3m contract

NZAX-listed Media Technology Group said today it had signed a two-year $3 million contract with Telstra Bigpond for the supply by its Australian operation of disc mailing technology.

The contract was won on the company's ability to distribute high volumes of fragile DVDs and CDs through automated mail processing machinery.

Media Technology's shares last traded at 4 cents. They have traded between 2 and 10 cents over the last year.

- NZPA