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Share Name | Share Symbol | Market | Type | Share ISIN | Share Description |
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Concha | LSE:CHA | London | Ordinary Share | GB00B8Y82097 | ORD 0.1P |
Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
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0.00 | 0.00% | 0.175 | 0.00 | 01:00:00 |
Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
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0 | 0 | N/A | 0 |
RNS Number:3157N Hot Tuna (International) plc 06 December 2006 Press Release 6 December 2006 Hot Tuna (International) PLC ("Hot Tuna" or "the Company") Hot Tuna secures new European distribution agreements Hot Tuna (International) PLC (AIM:HTT), a lifestyle apparel brand with authentic surf heritage, is pleased to announce that it has secured four new distribution agreements in Europe for the Company's Spring / Summer 2007 ranges. The new distribution agreements cover Spain, Ireland, Portugal and the Canary Islands. It is envisaged that each distributor will receive their initial orders in March 2007, in advance of Easter and the important European Summer season. These distribution agreements follow the Company's strategy of establishing distribution channels throughout Europe using distributors, some of which have their own retail operations, that currently have an existing portfolio of brands and retailers to distribute Hot Tuna products through their respective markets and existing account base of 'A' grade independent surf lifestyle retailers. The Company also intends to distribute the brand through several major European retailers. A distribution agreement has been reached in Spain with Jauvid Gamont S.A who will, in addition, be distributing Hot Tuna products in Andorra. Jauvid Gamont currently distribute Arnette, 3 point, Mambo, Scorpion Bay and several motor bike brands with an account base of 300 and a sales team of four agents dedicated to the Hot Tuna account. Jauvid Gamont also has two proprietary Surf Lifestyle Stores and retails other brands including Quiksilver, O'Neil and Billabong. The Portuguese distribution agreement has been signed with Big Wave, which has an account base of 120 and a sales team comprising of 4 agents. Big Wave also owns one surf lifestyle shop that retails Quiksilver, O'Neil and Volcom products. Additionally, a distribution agreement covering all of the Canary Islands has been signed with Grelo Sports. Hot Tuna product will be distributed in Ireland through Magillgroup, who will also be distributing in northern Ireland. Magillgroup currently stocks Mambo, Custo, Naf Naf and Hush puppies with an account base of 375 and a sales team of 4 agents. Commenting on the distribution agreement, Ranjit Murugason, Executive Chairman of Hot Tuna, said: "These distribution agreements form the basis of Hot Tuna's launch in some key European markets. The size of each distributors respective account base will ensure that our product will gain good visibility in these important markets. "We look forward to proactively working with our new distributors to roll-out Hot Tuna product in Europe and will be working closely with them to tailor product development and marketing to each local market." - Ends - For further information: Hot Tuna (International) PLC Ranjit Murugason, Executive Chairman Tel: +44 (0) 20 7372 9378 ranjit_murugason@hottunaplc.com Seymour Pierce Limited Sarah Wharry / Parimal Kumar Tel: +44 (0) 20 7107 8000 parimalkumar@seymourpierce.com www.seymourpierce.com Media enquiries: Abchurch Henry Harrison-Topham / Chris Lane Tel: +44 (0) 20 7398 7700 henry.ht@abchurch-group.com www.abchurch-group.com Notes to Editors Hot Tuna International PLC (AIM:HTT) owns the rights to the Hot Tuna brand, a progenitor of global youth fashion, born in Australia with a heritage of authentic surf culture. Hot Tuna is one of the world's most iconic names in surf lifestyle and can trace its roots back to 1969 when it was founded by a surfer and his fashion designer wife. Though the label had not been actively marketed over for the last decade, it retained an organic cult status among core action sports enthusiasts. In June 2005, Hot Tuna International PLC purchased the 'Hot Tuna' brand from Frontier International (Holdings) Pty Ltd, listed on AIM in September 2005, and has since started to aggressively market the brand and reinvigorate the business. The Company now owns all intellectual property rights to its name and related iconography, and has put in place key management drawn from the executive ranks of Quiksilver, O'Neill and Ocean Pacific, among others. Headquartered in the UK, Hot Tuna operates design, marketing and distribution hubs in the USA, Australia and the UK. In its core markets, Hot Tuna sells products, which are directly manufactured in facilities in North America, Europe and in China. Hot Tuna offices are maintained in Sydney, Los Angeles and London. For more information, visit www.hottunaplc.com This information is provided by RNS The company news service from the London Stock Exchange END MSCDELFBQLBFFBD
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