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27 Jun 2011 07:00
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Redstone Plc
("Redstone" or "The Company")
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4 Year Contract Extension/ Further Financial Sector Contract
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Redstone Plc (AIM:RED) the leading provider of network based end to end managed services, technology and infrastructure solutions announces the extension of a managed services contract for a further 4 years by an existing customer from within the financial sector. For competitive reasons, the Company is unable to disclose the customer's identity.
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The contract extension with an estimated value of up to Β£10 million over the term of the contract will see Redstone provide managed services, including the use of its own proprietary software for the customer's critical IT infrastructure.
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Redstone Chief Executive, Tony Weaver, commented:
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"We are delighted this customer has committed to a further multi-year contract, this is a clear demonstration of further customer confidence in Redstone and is testament to the service being delivered."
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27 June 2011
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Enquiries:
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Redstone plc | Tel. +44 (0)845 201 0000 |
Tony Weaver, Chief Executive Peter Hallet, CFO | |
FinnCap, Nominated Advisor | Tel. +44 (0)20 7600 1658 |
Marc Young/Charlotte Stranner | |
Hansard Communications Nicholas Nelson/ Guy McDougall Β | Tel. +44 (0)20 7245 1100 Β |
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