17 Jan 2011 07:00
ILA GROUP LIMITED
ILA SECURES SIGNIFICANT SCANDINAVIAN CONTRACT BY SIGNING A $250,000 ORDER FROM A LEADING ELECTRONICS RETAILER
Ila (AIM: ILA), is pleased to announce its first order from Elkjop Norway AS ("Elkjop"), a leading Norway consumer electronics and electrical household appliances retailer. This significant order is worth in excess of $250,000 and is for Dusk personal alarms, Pebble key ring alarms, Hook handbag protectors and Wedge door alarms to be sold in Elkjop's range of outlets across Norway, Sweden, Finland and Denmark.
Elkjop, which started trading in 1962 has 96 stores with 3,000 employees in Norway, and is part of Elkjop Nordic, the largest electrical retailer in the Nordic countries. Elkjop Nordic had turnover of NOK 20 billion in FY year 2009/10 and is a subsidiary of Dixons Retail plc (formerly DSG International PLC).
Simon McGivern, CEO of ILA commented,
"This significant order shows how quickly Ila is maturing and is another order received for a variety of products across the portfolio, highlighting the success of the recently launched new product range.
Elkjop is yet another market leader to understand and enthusiastically welcome our products. It is very encouraging to see so many experts in their home territories understanding the potential of the Ila brand and products.
Overall, this adds further credence to Ila having a robust business model and brings the number of countries in which we are selling our product range, to date, to more than twenty".
17th January 2011
For further information, please see www.ilasecurity.com or contact:
Ila Group Limited 020 7501 1050
Simon McGivern, Chief Executive Officer
Paul Gazzard, Chief Operating Officer
finnCap 020 7600 1658
Ed Frisby/Ben Thompson - corporate finance
Joanna Weaving - corporate broking
Lothbury Financial Services 020 7868 2010
Gary Middleton
Simon Astley