Company Snapshot:   

LST Ltd. plans to become the leading consolidator of unsold tickets in the out-of-home entertainment market (Music/Sports/Attractions/Theatre/Exhibitions/Festivals), worth c.£4bn in the UK but in which 40% of tickets remain unsold and wasted. LST enables venues and promoters to maximise their revenues by giving them a simple, secure and efficient platform to transfer unsold ticket inventory in the final days before an event goes live. LST uses targeted marketing to pre-qualified groups of consumers through its proprietary mobile technology platform, crucially avoiding any devaluation of the event. LST is based on a successful Japanese business model which achieved exit at >$450m revenues. Led by a team of serial entrepreneurs steeped in mobile technology development, LST has achieved early revenues through successful pilot programs and released its first version of the technology platform. Since then it has won a two year exclusive contract with Orange and T-Mobile to provide a new customer retention service called Fun Finder to their brand. Furthermore they have contracts with 51 blue-chip channel partners such as Phillips, Asda and the BBC. www.lastsecondtickets.co.uk