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Legendary Invest PLC (LEG)

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Wednesday 13 November, 2013

Legendary Invest PLC

Investee company update - VirtualStock

RNS Number : 8640S
Legendary Investments PLC
13 November 2013
 



13 November 2013

Legendary Investments Plc
("Legendary" or the "Company")

 

Investee Company Update
Virtualstock Limited Extends Significant Contract

 

Legendary Investments Plc, the proactive investment company, is delighted to announce that its investee company, Virtualstock Limited ("Virtualstock") has signed a significant contract extension with Office Depot International ("Office Depot") to support the expansion into the following regions; Germany, Austria, Switzerland and Benelux, the collaboration now spans eight European territories.

Virtualstock delivers a revolutionary, end-to-end, cloud-based, managed software solution, The Edge™, which seamlessly connects with Office Depot's set of systems and suppliers, allowing for a far greater range of products to be offered on-line.  Office Depot are given total control of all essential product and order data, enabling the rapid deployment of their Endless Aisle strategy.

Founded in 2004, Virtualstock have spent the last ten years perfecting a completely new approach to connecting systems, platforms and suppliers replacing the need for traditional systems integration, while maintaining total data integrity.

Zafar Karim, Executive Chairman of Legendary, said

"We are delighted for Virtualstock to have achieved another critical milestone. Having signed the landmark contract with a leading British retailer in June 2013, the contract extension with Office Depot marks continued successful international expansion. This contract win further underlines the uniqueness of Virtualstock's enterprise class solution that allows the seamless integration of scalable non-stocked categories in the retailers' online presence. Legendary is excited to support Virtualstock in the rapid expansion of its business. Fundamentally the international expansion validates the scalability of the business model."

 

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For further information:

For further information, please contact:

Legendary Investments Plc

Zafar Karim / Thomas Reuner

 

020 8201 3536

Grant Thornton UK LLP

 

Colin Aaronson/ Melanie Frean / Jen Clarke

020 7383 5100

SI Capital                

 

Nick Emerson/ Andrew Thacker

01483 413500

Newgate Threadneedle

Caroline Evans-Jones

020 7653 9850

 

About Legendary Investments Plc

Legendary is a proactive investment company that focuses on making investments in and assisting companies which exhibit the potential to generate returns of many multiples through capital appreciation.  Typically, Legendary invests in small companies where there are clear catalysts for value appreciation and the companies are operating in sectors exhibiting long term growth. Examples of such sectors include technology, energy and natural resources.

 

 


This information is provided by RNS
The company news service from the London Stock Exchange
 
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