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| Share Name | Share Symbol | Market | Type | Share ISIN | Share Description |
|---|---|---|---|---|---|
| Infoserve | LSE:INFS | London | Ordinary Share | GB00B137SN31 | ORD 5P |
| Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
|---|---|---|---|---|---|---|---|---|---|---|
| 0.00 | 0.00% | 0.75 | 0.00 | 01:00:00 |
| Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
|---|---|---|---|---|---|
| 0 | 0 | N/A | 0 |
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RNS Number : 7461T
Infoserve Group PLC
01 October 2010
Infoserve Group plc
Revenue sharing agreement
Infoserve Group plc ("the Company"), the online local business search and
directory specialist, is pleased to announce that on 1st October 2010, the
Company entered into an agreement with Web Business Power Limited ("WBP"), an
operator of online advertising, hosting & website services. The agreement
allows Infoserve to provide online services to customers of WBP in return for a
share of revenue from sales to those customers over a three year period. As a
result of the agreement, Infoserve will obtain access to data on approximately
7,000 potential new customers to whom it will have the right to provide online
advertising services and other products. The agreement is expected to contribute
to profitability from year 2.
Commenting on the agreement, Executive Chairman, Steve Barnes said:
"This agreement offers a unique opportunity to gain access to around 7,000
potential new customers who have already purchased online directory listings."
For further information, please contact:
+-----------------------------------------------+------------------------+
| Infoserve Group plc | Tel +44 (0)113 238 |
| Steve Barnes, Executive Chairman | 6200 |
| steve.barnes@infoserve.com | www.infoservegroup.com |
| Jonathan Simpson, Finance Director | |
| jonathan.simpson@infoserve.com | |
| | |
+-----------------------------------------------+------------------------+
| Nominated Adviser | Tel +44 (0) 161 832 |
| WH Ireland | 2174 |
| Robin Gwyn | |
| robin.gwyn@wh-ireland.co.uk | |
| | |
+-----------------------------------------------+------------------------+
This information is provided by RNS
The company news service from the London Stock Exchange
END
AGRLLFLEIALLIII
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