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92.00    -3.00 (-3.16%)
Bid:
91.00
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95.20
Spread: 4.20 (4.615%)
Market Cap: £89.67m
RM. Live PriceLast checked at - London Stock Exchange

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RM extend Tesco School Scheme

3 May 2007 07:00

RM PLC03 May 2007 3rd May 2007 RM extends schools scheme relationship with Tesco RM has been selected as supplier for a second flagship schools initiative run byTesco. The Group has been appointed for Tesco Sport for Schools and Clubs, whichwill run in autumn 2007. The Group already supplies ICT equipment for the TescoComputers for Schools scheme, which it has been involved with for eight years. Tim Pearson, CEO of RM, commented: "It's great news that Tesco has now chosen us to work with them on their twomajor schools initiatives. "Tesco Sport for Schools and Clubs is new for RM. However, our experience ofworking on voucher-based schools schemes, combined with the sourcing anddistribution capabilities of our TTS subsidiary, which already supplies sportsequipment, means we can offer Tesco - and the schools - a really high level ofservice. "Since we were first selected for Tesco Computers for Schools in 2000, thousandsof schools have benefited enormously from the innovative ICT products we'vesupplied on behalf of Tesco. In 2006, schools received £9.5m worth of equipmentand vouchers for the 2007 scheme are currently being issued in Tesco stores." - Ends - For further information, please contact:Mike Greig/Phil Hemmings, RM plc 08450 700300Mark Antelme, Brunswick 020 7404 5959 Notes: Founded in 1973, the RM Group is a leading provider of educational products andservices to schools, colleges & universities, local government, and centralgovernment education departments & agencies. RM works closely witheducationalists to create new products, processes and technology which improveteaching and learning. Tesco Sport for Schools and Clubs was launched in 2005. Over 30,000 schools andclubs have registered for the scheme and last year over £11m of sports equipmentand coaching sessions was given away. Through its TTS subsidiary, RM willprovide all of the sports equipment for the 2007 scheme. Vouchers for the 2007will be issued in Tesco stores in October/November 2007, with fulfilment in2008. RM acquired TTS Group Ltd, a specialist distributor of high quality curriculumresources, in September 2004. Since its acquisition by RM, TTS has continued togrow both turnover and profit and has recently moved into a new distributioncentre in Nottinghamshire. This information is provided by RNS The company news service from the London Stock Exchange
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