20 Jun 2012 07:00
Wednesday 20th June 2012
LiteBulb Group Limited
("LiteBulb" or "the Company")
LiteBulb Group signs first deal with QVC America. New major retailers signed in the UK
Innovation hub, LiteBulb Group, is pleased to announce that it has signed its first deal with QVC in the US to sell its range of Ila products. The initial order is for $100,000 and should launch on the channel in November. This order from the US parent company of QVC follows successful sales with QVC in the UK.
Further to this, the group has signed up a number of major retailers in the United Kingdom and internationally for its diverse range of brands. These continue to add to the distribution coverage of the group and ensure that its new and innovative products get to the widest retail market coverage as quickly as possible.
The Company has formed new relationships with UK retailers including Tesco, BHS and Wilkinson for its ShirtBox range of children's lunchboxes, and has taken repeat orders from Asda, Sainsbury's and Next. This news follows last month's announcement that Halfords would launch the Company's Scootrix brand of accessories for children's scooters in September.
LiteBulb Group is also expanding its scope internationally with a new order from Ireland's largest retailer Dunnes Stores for the ila Safety range of personal safety accessories. The Company is already reaping the benefits of new relationships with distributors in Japan, Germany, Switzerland, France, Austria, Taiwan and Hungary.
CEO Simon McGivern commented, "It's gratifying to see such growth in our retailer relationships, which runs parallel with the rate at which we are developing new brands and products. We're working hard to ensure that we continue to offer innovative, useful products that satisfy a need in the marketplace - both in the UK and internationally - and retailers are responding well."
For further information, please contact:
LiteBulbGroup Limited
Simon McGivern, Chief Executive: 020 3384 7131
Helen Tweedy, PR Director: 020 3384 7156
finnCap
Matthew Robinson, corporate finance: 020 7220 0500
Ben Thompson, corporate finance: 020 7220 0500
Joanna Weaving, corporate broking: 020 7220 0500
First Columbus LLP
Chris Crawford 020 3002 2070
Kelly Gardiner 020 3002 2070
PG Capital
Paul Gazzard : 01725 510383
www.litebulbgroup.com
Editors' Notes
LiteBulb Group (LBB.L) is an AIM listed company specialising in the development of innovative brands and products to fill gaps in the market. LiteBulb Group is the parent company for:
·; ila Safety - Specialists in stylish personal safety accessories for women
·; Scootrix - Accessories for personalising children's scooters
·; ShirtBox - Lunch and sandwich boxes which enable children to lunch with their favourite football team and superheroes
·; Premium Factory - Product development experts in the promotional and retail sectors
Known for 'innovating the everyday' in over 30 countries worldwide, LiteBulb Group is supported by industry titans Sir Richard Greenbury, former chairman of Marks & Spencer, and Gordon Black, former chairman of Peter Black Holdings.