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Share Name | Share Symbol | Market | Type | Share ISIN | Share Description |
---|---|---|---|---|---|
Meriden Grp | LSE:MRD | London | Ordinary Share | GB0032888470 | ORD 0.01P |
Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
---|---|---|---|---|---|---|---|---|---|---|
0.00 | 0.00% | 0.04 | 0.00 | 01:00:00 |
Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
---|---|---|---|---|---|
0 | 0 | N/A | 0 |
RNS Number:9819P Meriden Group PLC 15 January 2002 Date 15 January 2002 Contact Russell Stevens, Chief Executive 0121 585 6655 Meriden Group PLC (mobile) 07860 562 621 russell@meriden-group.co.uk Trevor Phillips Holborn Public Relations 020 7929 5599 trevor.phillips@holbornpr.co.uk Meriden Group Plc announces significant new contracts Meriden Group plc, the AIM-listed innovative business services group has announced the signing of new three year contracts with three companies who have joined its first Centre of e-xcellence based in Halesowen in the West Midlands, in the period up to 31 December 2001. Having joined the Centre of e-xcellence in 2001, Nice PC Limited, the Fujitsu-Siemens PC reseller, has signed a 3-year contract with Meriden Group Plc. This contract is for the provision of Office Accommodation and IT support Facilities, Management and Financial Consultancy. In addition to these contracted services, Meriden is also currently providing traditional and e-Marketing services to Nice PC on a monthly basis. Although not formally contracted, these services are expected to continue for the long term. The directors estimate that total revenue from the provision of its services to Nice PC will be approximately #4 million per annum. Two other companies, Eltora Digital UK Limited and Zodiac Logistics Limited have also signed similar 3-year contracts with Meriden. Eltora Digital provides enterprise network solutions, principally around the latest rackmount fileserver technology. Zodiac Logistics distributes reworked PCs and components and also provides logistics support to other IT based businesses. Services within these agreements will be similar to those provided under contract to Nice PC. The directors of Meriden estimate that the combined total revenue from Eltora and Zodiac will be in the region of #400,000 per annum. Commenting, Meriden Group plc chief executive Russell Stevens said: "These are the first three major contracts signed with facilities clients since we launched Meriden on the Alternative Investment Market in August, and we are confident that other companies will join us during 2002. In addition, as well as those companies resident in the Centre of e-xcellence, our group continues to provide its services to companies in the wider business community and we anticipate strong growth both in internal and external services in the next year." "Nice PC, Eltora Digital UK and Zodiac Logistics are perfect examples of those companies that need our state of the art facilities, which are backed up by an impressive team of professionals who can really help develop and grow these companies in a fast track environment in partnership with their management." Meriden intends to announce its interim results for the period ending 31st January 2002 on 28th February 2002. - ENDS -
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