Last checked at 13 Oct 2009 07:00
13 October 2009
ULTIMA NETWORKS Plc ("Ultima")
Distribution Agreement with Makro UK
Ultima Networks Plc, the AIM listed green technology company, is pleased to announce that its Electric Bicycle Division has entered into an agreement with Makro UK to supply it with Ultima's range of electric cycles. Makro UK is a major cash and carry wholesaler operating in the UK. Initially, 27 Makro UK stores across the country will sell Ultima's high quality, mid-range PowaCycle Salisbury LPX, and Ultima expects other electric bicycle models to be introduced in the near future.
Makro UK is part of the Metro Group, the world's cash & carry leader, which has over 600 stores in 30 countries. It sells a wide selection of goods tailored specially to the needs of its many thousands of retail and wholesale customers.
Wassim Mughal, MD of Electric Bicycle Division, commented: "The PowerCycle Salisbury LPX is one of the most popular electric bicycles ever to be sold in the UK. We are confident that its sales will be even more buoyant now that it is being offered by Makro - our first national chain of stores."
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Contact:
Ultima Networks Plc
Humayun Mughal, CEO Ultima Networks plc 01279 821 200
Allenby Capital Limited
Nick Naylor/Nick Athanas 0203 328 5661
Threadneedle Communications
Graham Herring/Alex White 020 7653 9850
About Ultima Networks Plc
Ultima operates three divisions: