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Lumacom could modify Turkish agreement

ELECTRONIC sign technology maker Lumacom has advised the Australian Stock Exchange it may seek to modify a heads of agreement with Turkish billboard advertising company Global Medya Pazarlama. The $US3 million agreement, which was announced in January, is between Lumacom, its joint venture partner ITOAS and Global Medya, to take up the advertising space on signs in Taksim Square, Istanbul. The modification of the agreement comes after Lumacom told the market delays were being experienced in the granting of approvals for the advertising. Perth-based Lumacom sells light-emitting diode billboards for advertising purposes.

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