CloudTag set to receive first stock of wearable devices this month

(ShareCast News) - AIM-listed personal monitoring technology company CloudTag confirmed that it expects to receive the first manufactured stocks of its wearable device this month as was referred to in its announcement on 24 November.The group also confirmed it is in early stage discussions with a further potential UK distributor and an online retailer. However, it stressed that the outcome of these discussions is subject to normal commercial negotiations and said there can be no certainty they will lead to any contractual agreements or sales.At 1540 GMT, the shares were up 22% to 7.48p.