3rd Sep 2018 10:45
LONDON (Alliance News) - Altitude Group PLC said Monday it signed two new supplier agreements in the US for its ChannlPro platform which are now in place with a total of 65 suppliers.
The personalised marketplace operator added that all the suppliers signed up, "have agreed to pay transaction fees on all orders derived from the platform".
"The recent suppliers agreements are with two of the largest promotional product suppliers in the US with estimated aggregate annual revenues of USD1 billion," Altitude added.
It continued: "The addition of promotional product suppliers of this magnitude will help to ensure that the ChannlPro platforms have critical mass with regards to product offerings and will enhance the credibility of the platforms."
The company will publish its interim results for the six months to June 30 on September 25.
Altitude shares were trading up 5.6% at 88.70 pence each.
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