ALT Altitude Group Plc

TIDMALT

RNS Number : 1458P

Altitude Group PLC

15 November 2016

Altitude Group plc

("Altitude", the "Company" or "Group")

First "Click to Ship" (C2S) Web Sites Launched

Altitude, the provider of technology solutions for the personalised products industry is pleased to announce that the first "Click to Ship" web sites were launched and went live with distributors over the last two weeks in accordance with the timetable outlined in our Interim Results announced on 20 September 2016 for the six months ended 30 June.

As at 14 November 2016 the first 11,000 web sites had been launched for distributors. All the sites were issued through our first key trading partners in the USA, Aprinta and AI Mastermind.

Each C2S web site provides a full ecommerce platform to Personalised Product resellers, including a product catalogue, product visualisation and production-ready artwork functionality at no upfront cost. The Company is remunerated as a percentage of revenue processed through the web sites. The Board believes this compelling offer is potentially structurally changing in the highly fragmented personalised and promotional product, signage and printed wearables industries within the USA, a market estimated to be worth more than $22 billion per annum.

The C2S solution and basis of trading remains the key strategic priority of the Company. The scale and speed of roll out will continue to be carefully managed and evaluated. The Company looks forward to making further announcements of continued progress as we continue to roll out the solution and explore similar opportunities.

Enquiries:

 
 Altitude Group plc 
  Peter Hallett, Chairman          07887 987469 
 
 WH Ireland Limited (Nominated 
  Adviser and Broker) 
  Tim Feather/Ed Allsopp          0113 394 6600 
 

This information is provided by RNS

The company news service from the London Stock Exchange

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November 15, 2016 02:00 ET (07:00 GMT)

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