Disclaimer : I am not a shareholder of UTN although after seeing the effect this announcement has had on their share prices I wish I had bought a load in the last bear market
Distribution Agreement - London Stock ExchangeULTIMA NETWORKS Plc ("Ultima")
Distribution Agreement with Makro UK
Ultima Networks Plc, the AIM listed green technology company, is pleased to announce that its Electric Bicycle Division has entered into an agreement with Makro UK to supply it with Ultima's range of electric cycles. Makro UK is a major cash and carry wholesaler operating in the UK. Initially, 27 Makro UK stores across the country will sell Ultima's high quality, mid-range PowaCycle Salisbury LPX, and Ultima expects other electric bicycle models to be introduced in the near future.