13th Jan 2020 11:15
(Alliance News) - Iconic Labs PLC said Monday it has signed a consulting and marketing services agreement with an undisclosed UK-based online wellness platform.
Iconic Labs shares were up 7.3% in London at 0.075 each on Monday.
Under the terms of the agreement, the media and technology firm will deliver an initial six week campaign with the client, having an option to extend it to 12 months.
The company said work commences immediately and it will be consulting with the client to create and distribute advertising content aimed at the "on-demand Yoga and Pilates" market, which is worth over GBP800 million in the UK alone.
Iconic Labs did not disclose the value of the agreement due to "commercial reasons".
Chief Executive Officer John Quinlan said: "We are delighted to secure this contract with a disruptive client in such a large and growing market; we hope this will be the start of a long and strategic partnership."
"Securing new contracts is a lengthy process; our pipeline in this regard is growing and we anticipate signing further similar agreements soon," Quinlan said.
By Loreta Juodagalvyte; [email protected]
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