International Greetings PLC Continued Expansion of USA & Other Export Markets (2775L)
03 Setembro 2012 - 3:00AM
UK Regulatory
TIDMIGR
RNS Number : 2775L
International Greetings PLC
03 September 2012
3 September 2012
International Greetings plc (the "Company" or the "Group")
Continued Expansion of USA and other export markets
International Greetings today provides an update on its
continued expansion into key export markets, including the USA,
South America and Africa.
The Board is pleased to announce that the Company has recently
started to supply the following customers with a selection of
products from its gift packaging, stationery and gift ranges:
- the US's largest drugstore chain, with over 7900 stores;
- the US's fastest growing chain of natural foods supermarkets, with over 300 stores; and
- the largest retailer in Latin America, with our new Papercraft(TM) products.
The Company has also started to supply the US's largest discount
variety store group, with over 9,000 stores, with greetings
cards.
As reported in the preliminary results of the Company, published
on 4 July 2012, the USA operations represent one of the fastest
growing divisions of the Group. The USA operations, as reported by
the Company, include sales to South America.
In addition to the above, the Company is also pleased to
announce significant sales growth in southern Africa, with our
global range of Social and Gift stationery products through our
expansion of trade with southern Africa's largest non-food
retailer, with over 1,100 stores. Sales in Africa are reported by
the Company through its UK operations and represent a large growth
opportunity for the Company going forward.
Paul Fineman, CEO commented:
"I am pleased to announce this expansion which is in line with
the Group's strategy to continue to drive the growth of our export
markets and in turn to balance the business by regional sales.
"We are particularly delighted to have secured new blue chip
customers in the US and Latin America, one of the fastest growing
divisions of the Group, whilst our expansion of trade with an
existing customer in southern Africa demonstrates the importance of
our focus on excellent standards of customer service and product
innovation.
"We are confident that we now have a strong platform in place
across our core markets, to further strengthen our market share
internationally and drive Group sales and profit growth."
- Ends-
For further information, please contact:
International Greetings plc Tel: 01707 630617
Paul Fineman, Chief Executive
Anthony Lawrinson, Chief
Financial Officer
Cenkos Securities plc Tel: 0207 397 8900
Bobbie Hilliam
Arden Partners plc Tel: 020 7614 5917
Richard Day
Jamie Cameron
FTI Consulting Tel: 020 7831 3113
Jonathon Brill
Caroline Stewart
Georgina Goodhew
This information is provided by RNS
The company news service from the London Stock Exchange
END
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