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13 Oct 2009 07:00
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13Ā October 2009
ULTIMA NETWORKS Plc ("Ultima")
Distribution Agreement with MakroĀ UK
Ultima Networks Plc,Ā theĀ AIM listedĀ green technology company,Ā is pleased to announce that its Electric Bicycle DivisionĀ has enteredĀ into an agreement withĀ MakroĀ UKĀ to supplyĀ it with Ultima'sĀ range ofĀ electric cycles. MakroĀ UKĀ is a major cash and carry wholesaler operating in theĀ UK. Initially,Ā 27 MakroĀ UKĀ stores across the country will sellĀ Ultima'sĀ high quality, mid-rangeĀ PowaCycle Salisbury LPX, andĀ Ultima expectsĀ otherĀ electric bicycleĀ modelsĀ Ā to be introducedĀ in the near future.
MakroĀ UKĀ 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,Ā MDĀ of Electric Bicycle Division,Ā commented: "The PowerCycle Salisbury LPX is one of the most popular electric bicycles ever to be sold in theĀ UK. We are confident thatĀ its sales will be even more buoyantĀ now that it is being offered by Makro - our first national chain of stores."
ends
Contact:
Ultima NetworksĀ Plc
HumayunĀ Mughal,Ā CEOĀ Ultima NetworksĀ plc 01279Ā 821Ā 200
Allenby Capital Limited
Nick Naylor/Nick Athanas 0203 328 5661
Threadneedle Communications
Graham Herring/Alex White 020 7653 9850
AboutĀ Ultima Networks Plc
UltimaĀ operates threeĀ divisions:
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