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Legendary Invest PLC (LEG)

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Tuesday 27 May, 2014

Legendary Invest PLC

Investee company update

RNS Number : 0111I
Legendary Investments PLC
27 May 2014
 



27 May 2014

Legendary Investments Plc

("Legendary" or the "Company")

 

Update on investee Company

Virtualstock Holdings Limited ("VSHL") joins UK Government G-Cloud 5 Framework

 

Legendary is pleased to announce that its investee company, VSHL has been accepted on the UK Government's G-Cloud 5 Framework ("G-Cloud 5") programme. G-Cloud 5 provides central government departments, executive agencies and non-departmental public bodies with an innovative, cheaper and faster way to access and purchase government-approved IT products and services. By being accepted on G Cloud 5, VSHL is now able to provide its services to public sector organisations. Exploratory discussions with certain public sector organisations are underway.

 

VSHL'ssupply-chain and data management solution, The Edge, seamlessly interfaces with the vast majority of components in the inventory, supply and logistics value chain and data management systems and platforms, giving organisations superior control of their data, without interfering with existing systems. The increased visibility of how an organisation is performing through data intelligence allows for a more efficient, leaner and cost effective operation. The implementation of the software-as-a-service solution is also a rapid, flexible and scalable alternative to traditional systems integrations.

 

VSHL's solutions have allowed companies in the private sector to improve efficiency and make substantial cost savings. Its services are now available to the public sector.

 

Zafar Karim, Executive Chairman of Legendary, said "We are delighted that progress at Virtualstock continues. Its leading edge solutions have already been adopted by some of the largest private sector organisations and can now be supplied to public sector bodies. Virtualstock is well on its way to becoming an industry standard inventory, supply and logistics value chain and data management utility. This announcement is an important milestone referencing the successful expansion of Virtualstock beyond the retail sector."

- Ends-

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

 

Saif Janjua

020 7382 8300

SI Capital                

 

Nick Emerson/ Andrew Thacker

 

01483 413500

 

About Virtual Stock Holdings Limited

Founded in 2004, the VSHL team have spent the last ten years perfecting a completely new way in allowing data to flow between network of systems and platforms, delivering scalable, rapid, controlled management of data - without interference to existing systems. For more information, visit www.virtualstock.co.uk 

 

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.

 

For more information, visit www.leginvest.com

 


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