Launch of "Think Promo Now"

RNS Number : 5733X

Altitude Group PLC

13 August 2018

 

ALTITUDE GROUP PLC

 ("Altitude" or the "Company")

NAPCO Partnership Update

Launch of promotional product platform for the print industry

Altitude Group plc (AIM: ALT), the global technology provider for the promotional products industry, is pleased to announce, further to the announcement of a two year partnership agreement with the printing, packaging and publishing division ("Printing Impressions") of NAPCO Media ("NAPCO") earlier this year, the launch of Think Promo Now, a white label ChannlPro solution that allows those in the printing industry to supplement their business with promotional products.

Think Promo Now will allow Printing Impression subscribers to have access to the $23 billion promotional products industry through a custom order management platform, personalized websites and a specialized client interface.

As Printing Impression subscribers start to transact on the platform, Altitude will generate GTR based on a similar revenue model to that used for AiMpro. Think Promo Now will leverage the top U.S. suppliers via Altitude's participating supplier database, in the same fashion, AiMpro users transact on the AiMpro Tech Suite. 

Nichole Stella, CEO of Altitude Group plc, said: "Printing Impressions has long been the respected media leader in the commercial print space, and we are very excited to be partnering with such a known and respected organization. The commercial printer has dabbled in the promotional product arena for quite some time. With strong online competitors now offering print and promotional products, we recognized the need to assist and support the commercial print community in delivering a similar experience to their clients. We are proud to be able to offer these long-respected print businesses a full turnkey e-commerce solution with the best promotional product supply partners in the industry.  Along with our robust technology suite, we will offer full support and education to help them every step of the way."

Mark J Subers, President of Printing, Packaging and Publishing at NAPCO Media, said: "We believe this platform provides a significant opportunity for our audience, the printers, to quickly get up and running and generating profit by extending their services to include promotional products."

For further information please contact:       

Altitude Group plc Nichole Stella, Chief Executive Officer Graeme Couturier, Chief Financial Officer Peter Hallett, Non-Executive Chairman	[phone] 07973 683234 07887 987469
finnCap Ltd	020 7220 0500
Jonny Franklin-Adams (Corporate Finance)
Scott Mathieson (Corporate Finance)
Richard Chambers (ECM)

 

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