WideCells Group PLC New Engagement for Iconic Labs (8487A)
June 03 2019 - 1:00AM
UK Regulatory
TIDMWDC
RNS Number : 8487A
WideCells Group PLC
03 June 2019
3 June 2019
WideCells Group PLC ("WideCells" or the "Company")
New Engagement for Iconic Labs
WideCells is pleased to announce that its Iconic Labs new media
business has agreed in principle and commenced work on a consulting
and marketing services engagement with a UK based financial
services business. This engagement is on a long-term retainer
basis, with initial revenues over the first year expected to exceed
GBP1 million, with the potential for material increases.
Executive Chairman, David Sefton, said: "I am delighted that the
Iconic Labs team has been able to secure such a significant
engagement at this early stage. Not only is the project an
interesting one, which will enable the team to fully utilise their
skills and experience to transform the customer acquisition and
interaction for the client, but from a Company perspective, an
engagement worth in excess of GBP1 million will bring financial
stability. The importance of this cannot be underestimated.
"I also want to assure investors that the completion of the
restructuring is now very close, following which we will propose
the official name change. I know that time and costs of dealing
with the significant (and sometimes hidden) liability issues has
been trying but we are nearly there, and with the support of our
investors, can clearly look forward to an exciting future for the
Company."
Chief Executive Officer, John Quinlan, said: "With just a soft
launch we have already made inroads into our market and have
received extremely positive feedback on our plans and offering. We
understand the space and are well placed to exploit insights,
network and proprietary technology to provide online marketing and
create unique content for brands.
"With first engagement in place and revenue due, we have already
reached the first stage of our growth strategy. I look forward to
updating investors on our progress and would like to thank all
stakeholders for their support."
**ENDS**
For further information, please visit the Company's website
www.iconiclabs.co.uk or contact:
Shard Capital Partners Co-broker - Damon Heath, Tel: +44 (0) 20
LLP Erik Woolgar 7186 9950
finnCap Ltd Co-broker - Chris Raggett Tel: +44 (0) 20
St Brides Partners PR - Melissa Hancock, Juliet 7220 0500
Limited Earl Tel: +44 (0) 20
7236 1177
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END
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