Milestone Group PLC Framework Agreement And Service Agreement
May 14 2015 - 12:57PM
UK Regulatory
TIDMMSG
MILESTONE GROUP PLC
("Milestone" or the "Company")
Framework Agreement and Service Agreement
Milestone, the AIM quoted provider of digital media and technology
solutions, is pleased to announce that it has entered into a framework
agreement with WKG Rewards Ltd ("WKG") and a service agreement with
Black Cactus Media ("Black Cactus"). Both Black Cactus and WKG provide
rewards and loyalty programmes to large multi national organisations
with Black Cactus currently providing programmes in over 190 countries
worldwide with an end user customer base in excess of 60 million. WKG is
a joint venture between Black Cactus and CWM Rewards.
Black Cactus' current clients include Corporate Rewards, Procurement
Limited, BI International, Cherry London and Swing Group amongst others
who between them service the rewards and loyalty programmes for clients
such as Citibank, American Airlines, IBM, HSBC, Virgin, Barclays, Hilton
Hotel Group, Citibank, Jaguar, BMW and many others.
These agreements are expected to generate revenues for Milestone through
corporate memberships of the Passion Project, the provision of digital
services via Relative, Milestone's wholly owned subsidiary, and through
the widespread distribution of a subscription version of the Disorder
Magazine. The framework agreement with WKG will also facilitate
donations into the Milestone Foundation in support of the Passion
Project via the conversion of unused rewards and loyalty points.
Larry Cummings, Managing Director of Black Cactus and a director of WKG,
commented:
"The rewards and loyalty marketplace is anticipated to top GBP140bn in
2015 and it is our intention to be a major player in this space. By
supporting Milestone and their vision for the Passion Project we believe
we can provide our clients with a unique and inspirational alternative
for their customers which will add value to their own Corporate Social
Responsibility profile whilst providing funds for a great cause."
Deborah White. Chief Executive of Milestone Group plc, commented:
"We are delighted to have secured the support of such significant
distribution partners. These relationships bring with them significant
revenue opportunities for the Group as well as helping to raise
awareness of Milestone and the Passion Project globally."
For further information:
Milestone Group PLC
Deborah White, Chief Executive Tel: 020 7929 7826
Cairn Financial Advisers LLP
Nominated Adviser
Liam Murray / Avi Robinson Tel: 020 7148 7900
Hybridan LLP, Broker
Claire Louise Noyce Tel: 020 3713 4581
This announcement is distributed by NASDAQ OMX Corporate Solutions on
behalf of NASDAQ OMX Corporate Solutions clients.
The issuer of this announcement warrants that they are solely
responsible for the content, accuracy and originality of the information
contained therein.
Source: Milestone Group PLC via Globenewswire
HUG#1921739
http://www.milestonegroup.co.uk/
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