Last checked at 28 Feb 2018 16:15
ALTITUDE GROUP PLC
(the "Company" or "Altitude")
NAPCO Partnership Agreement
Altitude Group plc (AIM: ALT), the operator of a leading marketplace for personalised products, is pleased to announce that it has signed a new two year partnership agreement with the printing, packaging and publishing division of NAPCO Media ("NAPCO"), a leading and large North American digital media, marketing and publishing company. Under the terms of the partnership agreement Altitude will provide a 'white labelled' ChannlPro platform to NAPCO that will mirror the AiMpro product.
The NAPCO partnership will provide Altitude with access to approximately 80,000 commercial print businesses of which approximately 12,500 are already active in the promotional product market. The white labelled ChannlPro platform will provide these businesses with easy access to the promotional product industry and as they start to transact on the platform Altitude will generate GTR based on the same revenue model that was used for AiMpro.
Altitude is now engaged in developing the white label ChannlPro platform for NAPCO and, once it is launched, the NAPCO offering will be able to leverage the same supplier database already partnering with Altitude on AiMpro.
Defined terms used in this announcement will have the same meaning (unless the context otherwise requires) as set out in the Circular posted to shareholders today which is available on the Company's website at www.altitudeplc.com.
Enquiries:
Altitude Group plc Peter Hallett, Executive Chairman | 07887 987469 | |
finnCap ltd | 020 7220 0500 | |
Jonny Franklin-Adams (Corporate Finance) | ||
Scott Mathieson (Corporate Finance) | ||
Richard Chambers (Corporate broking)
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