Last checked at 22 Aug 2012 07:00
Embargoed: 0700hrs 22 August 2012
EXPANSYS plc
("EXPANSYS" or the "Group")
EXPANSYS signs Asian distribution contract with major global technology brand
EXPANSYS (AIM: XPS), a leading global online retailer of consumer wireless technology and provider of mobile network and eCommerce services and solutions, announces the signing of a contract through its Partner Services division to become the exclusive partner for a world class technology giant in the distribution of their new device exclusively in the Asia region.
Under the terms of the agreement, EXPANSYS will leverage its established Asian infrastructure to provide its new partner, who cannot be named for commercial reasons, with product storage, logistics and fulfilment services for customers ordering their device, initially in Australia, but extending into other Asian markets in due course.
EXPANSYS will apply a volume dependant fee per item shipped, and both parties expect material volumes of devices to be shipped under the agreement in the next 12 months.
Anthony Catterson, CEO of EXPANSYS said,
"To be selected by this global technology leader as their exclusive distribution partner for the first of what could become numerous devices across Asia underlines the high regard EXPANSYS' Partner Services offering is held in. We are seeing strong interest in the product, which we expect to be a significant profit generator for the Group.
EXPANSYS is committed to leveraging its unique eCommerce experience, expertise and existing infrastructure for the benefit of world class partners across the globe, as per our recently announced strategy of developing Retail, Partner and Network services globally."
For further information please contact:
Enquiries:
EXPANSYS plc
Anthony Catterson, CEO
Chris Ogle, CFO Via M: Communications
Cenkos Securities - NOMAD and Joint Broker
Stephen Keys or Camilla Hume
Tel: +44 (0) 20 7397 8900
skeys@cenkos.com / chume@cenkos.com
Singer Capital Markets Limited - Joint Broker
Jonny Franklin-Adams
Tel. +44 (0) 20 3205 7500
jonny.franklin-adams@singercm.com
M:Communications
Ben Simons or Matthew Neal
Tel +44 (0)20 7920 2340/2368
simons@mcomgroup.com / neal@mcomgroup.com
Investor relations website: www.EXPANSYS.plc.uk
About EXPANSYS
EXPANSYS PLC (AIM: XPS) is the parent company of businesses operating in the international eCommerce, Consumer Technology and wireless Telecommunications markets.
The Group comprises EXPANSYS.com, a global online consumer electronics retailer operating directly in 51 countries (and indirectly in over 200 countries) with a unique global footprint, infrastructure and experience in consumer technology eCommerce, PJMedia, who build and operate multi-channel services and solutions for mobile networks worldwide and DSNS, the UK's market leading SIM card distributor and now establishing as a national SIM distributor in USA.