Live Company Group (AIM:LVCG ) announced that its BRICKLIVE Animal Paradise exhibit is being installed at Naples Zoo in Florida before opening to the public later this month. 

This is the first time the live events group is working with Naples Zoo, one of the oldest zoos in the US which celebrated 100 years as a botanical garden and 50 years as a zoo last year. 

The BRICKLIVE Animal Paradise exhibit, which features more than 40 life-size animal states created with over 1.2 million individual bricks, will stay at the Naples zoo until April 2021. 

According to FOX 4 News, this is the first time the exhibit will be showcased in Florida. 

"We continue to pursue a strategy of maximum asset utilisation in the winter months by targeting Southern Hemisphere or sunshine states. This first partnership with Naples Zoo proves that this strategy is working,” said Chairman and Founder of LVCG, David Ciclitira. 

Separately, the company also announced that its BRICKLIVE Safari exhibit, an interactive LEGO® brick experience filled with 80 models of animals from around the world, which is  

currently being displayed at Paignton Zoo in Devon has been extended to January 2021. 

Shares in Live Company Group have traded within a range of 7p and 10p in the past month to close at 8.5p on tuesday afternoon. 

Reasons to Follow Live Group 

Live Company owns the rights to BRICKLIVE - an interactive experience built around the creative ethos of the world's most popular construction toy bricks, which is fast becoming a leading children's education and entertainment brand, actively encouragingall to learn. 

The company said in its 1H20 results that it continues to navigate itself through the ongoing COVID-19 pandemic, enabling the company “to survive and re-launch its touring business.”  

The group successfully raised combined debt and equity over £2.5 million while also taking advantage of the UK government's furlough scheme and restructuring the cost base of the business to permanently reduce its costs by £0.9m to carry through into 2021 and beyond.  

Having restructured its cost base, successfully maintained relationships with its key partners and begun to build new properties for the significant demand in 2021 and beyond, Live Company said this has enabled the business to survive and re-launch its touring business.   

Despite lower 1H20 revenues, as a result of nationwide lockdowns brought on by the pandemic, the group said revenues were beginning to return during 3Q20 with a stronger 4Q20 expected. 

The group will plan for additional builds in the first half of 2021, enabling it to launch new tours to cope with the upcoming demand. It said this has already started to come to fruition with a new contract in Israel for BRICKOSAURS from October to the end of May 2021.  

David Ciclitira, Chairman of Live Company, told investors that last year’s group assets were seen in 71 events. Looking forward, he expects this number to be surpassed come 2022.  

Since its half-year report was released in September 2020, the company has secured new contracts including a new BRICKLIVE super tour based on the ancient Egyptian pharaoh, Tutankhamun, a Paddington Bear themed tour, as well as two sets of Christmas Assets.  

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