14th Apr 2015 07:44
LONDON (Alliance News) - Touchstone Gold Ltd shares rose on Tuesday morning after it said investee company Smart Desk Systems Ltd has won several contract renewals.
Communications provider Smart Desk has won contract renewals from the likes of Virgin Media, JP Boden and Eurostar, Touchstone said.
It did not provide any financial details on the contracts.
"We are delighted by these contract renewals with our key commercial customers. Our continued partnerships reflect the level of reliability and trust we have gained with our suite of Smartdesk services, across a range of business sectors from business continuity to transport and distribution," said Smart Desk Chief Executive Jamie Ridealgh.
Touchstone acquired 99.994% of Smart Desk as part of its acquisition of the business and assets of GOS Systems in late 2014.
Touchstone shares were up 17% to 0.699 pence in early trade, one of the best performers in the AIM All-Share.
By Sam Unsted; [email protected]; @SamUAtAlliance
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