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13 Oct 2009 07:00
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13Β October 2009
ULTIMA NETWORKS Plc ("Ultima")
Distribution Agreement with MakroΒ UK
Ultima Networks Plc,Β theΒ AIM listedΒ green technology company,Β is pleased to announce that its Electric Bicycle DivisionΒ has enteredΒ into an agreement withΒ MakroΒ UKΒ to supplyΒ it with Ultima'sΒ range ofΒ electric cycles. MakroΒ UKΒ is a major cash and carry wholesaler operating in theΒ UK. Initially,Β 27 MakroΒ UKΒ stores across the country will sellΒ Ultima'sΒ high quality, mid-rangeΒ PowaCycle Salisbury LPX, andΒ Ultima expectsΒ otherΒ electric bicycleΒ modelsΒ Β to be introducedΒ in the near future.
MakroΒ UKΒ 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,Β MDΒ of Electric Bicycle Division,Β commented: "The PowerCycle Salisbury LPX is one of the most popular electric bicycles ever to be sold in theΒ UK. We are confident thatΒ its sales will be even more buoyantΒ now that it is being offered by Makro - our first national chain of stores."
ends
Contact:
Ultima NetworksΒ Plc
HumayunΒ Mughal,Β CEOΒ Ultima NetworksΒ plc 01279Β 821Β 200
Allenby Capital Limited
Nick Naylor/Nick Athanas 0203 328 5661
Threadneedle Communications
Graham Herring/Alex White 020 7653 9850
AboutΒ Ultima Networks Plc
UltimaΒ operates threeΒ divisions:
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