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Legendary Invest PLC (LEG)

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Wednesday 04 December, 2013

Legendary Invest PLC

Update on investee company Virtualstock

RNS Number : 6812U
Legendary Investments PLC
04 December 2013
 



4 December 2013

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

Investee Company Update: Virtualstock Limited contracts with Kiddicare.com  Limited, part of WM Morrison Supermarkets PLC

Legendary Investments Plc, the proactive investment company, is delighted to announce that its investee company, Virtualstock Limited ("Virtualstock"), the leading provider of cloud-based e-commerce solutions, has contracted with Kiddicare.com Limited, part of WM Morrison Supermarkets PLC, to supply The Edge™ software solution.

Integration is already underway and expected to be completed shortly; the first application is in support of significant Online Range Expansion.

The Edge™ delivers  an end-to-end, cloud-based, managed software solution, which enables clients to add suppliers rapidly and enrol products onto their online systems with ease as well as manage the products and orders centrally, on the an intuitive web based interface.

Founded in 2004, Virtualstock has refined 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:

"Following on from the recent contracts and integrations, this contract is another outstanding reference point for Virtualstock. VirtualStock's robust and scalable solution for the critical and fast growing online sales channel is further validated by this contract win and underlines the increasing momentum at VirtualStock."

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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

Beaufort Securities Limited

 

Guy Wheatley

020 7382 8300

SI Capital                

 

Nick Emerson/ Andrew Thacker

 

01483 413500

Newgate Threadneedle

Caroline Evans-Jones

020 7653 9850

 

About Legendary Investments Plc

Legendary Investments Plc 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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