New contract and update on JOE Media contract

RNS Number : 5372Y

Iconic Labs PLC

10 September 2020

 

Iconic Labs Plc ("Iconic Labs" or the "Company") announces new contract and update on JOE Media contract

Iconic Labs Plc (LSE:ICON), a multidivisional new media and technology business, today announces that Iconic Labs has successfully completed a contract to produce research, data and insights for a multinational consumer goods company. This is an innovative type of consultation service for the Company that the Company will look to offer to a range of new clients going forward.

Separately, the Company continues to work under the management services agreement with JOE Media, and is currently fulfilling a contract to manage the production and distribution of bespoke social content through JOE Media in the UK. As previously announced on 5^th August 2020, the contract value is expected to be in excess of £150,000.

Additionally, the Company has made substantial early progress in re-focusing JOE Media's UK operations as well as increasing the sales pipeline for Q3 and Q4.

Going forward, the management services agreement will also extend to JOE Media's Irish operations following the expected completion of the acquisition of the JOE Media business in  Ireland by Greencastle Capital, which is now due to occur in the very near future.

Market Abuse Regulation (MAR) Disclosure

The information contained within this announcement is deemed by the Company to constitute inside information for the purposes of the Market Abuse Regulation (EU) No. 596/2014.  Upon the publication of this announcement via a Regulatory Information Service, this inside information is now considered to be in the public domain.

**ENDS**

For further information, please visit the Company's website www.iconiclabs.co.uk or contact:

Damon Heath

Shard Capital Partners LLP

Tel: [phone]

       Iconic Labs                 [e-mail] 

 

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