Source - RNS
RNS Number : 8673I
CloudTag Inc.
02 September 2016
 

CloudTag Inc.

("CloudTag" or the "Company")

 

Movement in Share Price and Update

 

CloudTag (CTAG:LN), the company that brings personal monitoring to wellbeing, fitness and digital health markets notes the recent increase in the Company's share price.

 

The Company continues to actively progress its business strategy of commercialising its proprietary IP and technology, including the CloudTag Track wearable device. The Company will provide a quarterly commercial update to shareholders in due course following the previous Commercial Update on 9 June 2016.

 

Further to this announcement, the Company can clarify that Second Chance Limited ("Second Chance") maintain their exclusivity to distribute the CloudTag Track in the EU and UK. The Commercial Update dated 9 June 2016 stated that the initial product delivery requirements with retailers and etailers had not then been concluded and, accordingly, orders for Q1 and Q2 agreed with Second Chance were allocated to H2 2016. These requirements have now been concluded and the current discussion is focussed on launch exclusivity periods.  

 

The Board is currently optimistic that the sales targets agreed with Second Chance will be achieved but there can be no certainty of this.

 

Enquiries

CloudTag Inc.

+1 345 949 45 44

Daniel Fry

[email protected]

 

 

Cairn Financial Advisers LLP (Nominated Adviser)

+44 (0)20 7148 7900

Tony Rawlinson / Jo Turner

 

 

 

Tavistock Communications Limited (Financial PR)

+44 (0)20 7920 3150

Mike Bartlett / Andrew Dunn

 

 


This information is provided by RNS
The company news service from the London Stock Exchange
 
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Cloudtag Inc (CTAG)

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