Strategic Alliance with Bin Shamikh

21 May 2015

cloudBuy plc

("cloudBuy" or the "Company")

Strategic Alliance with Bin Shamikh

cloudBuy plc (AIM: CBUY), the global provider of cloud-based e-commerce marketplaces and B2B buyer and supplier solutions, is pleased to announce that it has entered into a strategic alliance with Bin Shamikh Group to promote cloudBuy's products and services in the Middle East and North Africa.

Bin Shamikh Group is a well-established Meccan business set up over 30 years ago (in year 1402 Hijri) by a reputable family that has a diverse set of trading interests. The agreement has been entered into through cloudBuy's partner in the region, DUC International Consulting.

Sheikh Mohammed Bin Shamikh, Chairman of the Bin Shamikh Group, said: "We are delighted to enter into this alliance. cloudBuy has a unique set of products and services that will enhance our country and region delivering improved efficiency and making trading quicker and easier to deliver economic growth."

Ronald Duncan, Executive Chairman of cloudBuy, said: "We have identified four key sectors, namely health, education, commerce and security where we believe that we can deliver projects quickly and thereby generate revenue.

"Choosing the right partner in this region is very important and I am confident that we have a good strong partner in Bin Shamikh Group to take advantage of both our unique product set and excellent local reference sites."

For further information, please contact: