19 Jan 2015 07:00
19 January 2015
LiteBulb Group Limited
("LiteBulb" or the "Company" or the "Group")
$0.5m US orders for Star Wars homeware range from licensee
LiteBulb (AIM: LBB), the branded product developer, announces that it has recently received over $0.5m worth of orders for its Star Wars homeware product range from US license holder Underground Toys.
The Company's subsidiary Bluwstuff Limited received orders from Underground Toys for a number of products from its innovative Star Wars themed homeware range including its Light Sabre BBQ tongs, X-Wing Knife Block, Droid Salt & Pepper Shakers, R2-D2 Kitchen Timer, Death Star Worktop Saver and Millenium Falcon Chopping Board. Details on the full product range can be seen here: http://www.rns-pdf.londonstockexchange.com/rns/0866S_-2014-9-18.pdf
The products will be delivered in February 2015 and the revenues recognised in the numbers of the year ending 31 December 2015. The order follows on from a successful trial of the products in the US last year.
LiteBulb's fully owned subsidiary Bluw, won the Innovation Award for its Star Wars homeware range at the prestigious Licensing Awards 2014 ceremony held on 16 September 2014. The Licensing Awards is the annual celebration of the best of the UK licensing industry attracting over 1,300 licensors, major licensees and senior retail buyers.
Simon McGivern, CEO of LiteBulb, commented:
"We are delighted to announce a significant ramp up in orders from our US partner which attests to the quality and popularity of our range. We are currently in discussions with other US distributors regarding the distribution of more of our product lines and will keep the market updated on our progress."
Enquiries
LiteBulb Group Limited | www.litebulbgroup.com |
Simon McGivern, Chief Executive | Tel: 020 3384 7131 |
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finnCap (NOMAD & Broker) | Tel: 020 7220 0500 |
Stuart Andrews/Ben Thompson (Corporate Finance) |
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Joanna Weaving (Corporate Broking) |
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Walbrook PR Limited | Tel: 020 7933 8780 or litebulb@walbrookpr.com |
Paul McManus | Mob: 07980 541 893 |
Bob Huxford | Mob: 07747 635 908 |
About LiteBulb Group - www.litebulbgroup.com
LiteBulb Group designs, manufactures and distributes innovative brands and products to the global retail market.
LiteBulb Products - our wide range of products are sold in over 30 countries through blue chip retailers including: ASDA, BHS, Tesco, Sainsbury's, WH Smith, Halfords, Marks & Spencer, Morrisons, QVC, Next, Fenwicks and Toys R Us.
LiteBulb Creative is a creative agency with global reach, delivering compelling and agile brand extension programmes to the entertainment industry. LiteBulb Creative has designed products and campaigns for clients around the world, including Disney, Hasbro and Miramax.