OneView Group PLC Admission to AIM and Trading Update (6600S)

TIDMONEV

RNS Number : 6600S

OneView Group PLC

21 March 2016

21 March 2016

OneView Group plc

("OneView" or the "Company")

Admission to AIM and Trading Update

OneView (formerly Armour Group plc), a leading omni-channel mobile point of sale provider, is pleased to announce the commencement of dealings in its ordinary shares at 8.00 a.m. today on the AIM market of the London Stock Exchange under the ticker "ONEV" following the reverse takeover of OneView Commerce Inc. ("Admission"). The Company's website on Admission will be www.oneviewcommerce.com.

Current Trading

As the Company approaches its year end, the Board is pleased to report that OneView expects to achieve revenues of $8m of which $7.7m is from its digital store platform representing significant growth of over 130% since launch in 2014. The pipeline of opportunities remains solid and OneView looks forward to making further new business announcements in the coming months.

Key points on OneView

-- In 2014, OneView launched its proprietary cloud-based, Digital Store Platform and has delivered significant revenue growth since launch. The platform supports stationary and mobile devices as well as distributed order management giving retailers an integrated view of inventory while allowing associates to have one view of all in-store and e-commerce activities across its complete estate.

-- OneView's omni-channel solution connects the online experience of retail websites with the bricks and mortar in-store experience for customers. This provides an improved customer experience, enabling such benefits as provision of centralised promotions, improved stock availability and a range of differentiating transactions, such as "buy online pick up in store" and "shared basket".

-- Over 8,000 licences have been sold to date to five blue-chip customers including Travis Perkins, with initial implementation across Wickes stores; Discount Tire, an Arizona based tire and wheel retailer, a Netherlands based jean manufacturer, and E-Plus a German mobile phone provider.

-- OneView has a growing pipeline of business opportunities and is expanding its network of channel partners which currently include IBM and hybris, the e-commerce subsidiary of SAP.

Stuart Mitchell, CEO of OneView commented:

"We are delighted to have joined AIM, and look forward to further expanding our business. We are gaining increasing commercial traction with Tier-1 retailers and have a considerable pipeline of business opportunities. Combined with the increased profile afforded by our AIM listing we are confident in OneView's continued growth going forward."

Further Details:

 
 OneView Group plc            Tel: [phone] 
 Stuart Mitchell, CEO 
 Linda Palanza, COO 
 Mark Wilson, Finance 
  Director 
 
 finnCap Limited              Tel: [phone] 
                               0500 
 Geoff Nash 
 Grant Bergman 
 Stephen Norcross (Broking) 
 
 Newgate Communications       Tel: [phone] 
                               9848 
 Bob Huxford 
 Robyn McConnachie 
 

This information is provided by RNS

The company news service from the London Stock Exchange

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March 21, 2016 03:00 ET (07:00 GMT)