Challenger Energy Regulatory News (CEG)

11 Dec 2006 09:51

CORSIE GROUP PLC ("Corsie" or "the Group") DISTRIBUTION AGREEMENT

Corsie, the AIM listed specialist in the assembly and sale of products and services to the leisure market, has extended its current distribution agreement with Henselite pty for a further three years. Henselite, based in Melbourne Australia, is one of the world's leading lawn bowls manufacturers.

Greengauge Sports, a division of Corsie, distributes a variety of sporting apparel including lawn bowls, clothing and accessories. The current agreement is for a further three years and positions Greengauge as the exclusive distributor of the Henselite sales suite for a number of territories including the UK and Ireland.

Announcing the agreement, Richard Corsie, Chief Executive of Corsie, said:

"We are delighted to have extended our relationship with the world's leading manufacturer of Lawn bowls. We have worked with Henselite since 1996 and we look forward to continuing our association with them over the next three years"

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Enquiries:

Corsie Group plcTel: 0131 653 0535

Richard Corsie MBE, Chief Executive

www.corsiegroup.com

City Financial Associates Limited Tel: 020 7090 7800

James Caithie

Bishopsgate Communications Ltd Tel: 020 7562 3350

Dominic BarrettoJenni HerbertAbout Corsie Group plc

Corsie is a provider of products to the worldwide leisure market. Its business operates in the UK and has customers in a number of geographical markets including Europe, Canada, Hong Kong, Malaysia, Australia and New Zealand. The business was founded by Richard Corsie in 1997 after he retired from the sport of bowls and following the buyout of Douglas Kenn Limited and Worth Sports Limited. Corsie operates from its headquarters in Musselburgh, near Edinburgh.

The Corsie Group is involved in the assembly and sale of products and services to the leisure market. The Group consists of three operating divisions: Spa Division, Surfaces Division and Sports Division. Within each division, the Group is focused on achieving growth both organically, and through selective acquisition of companies or businesses in the leisure market.