118trades appoints ALR to Manage Directory Distribution
Daniel Corby CEO 118 Group Holdings plc appoints ALR Distribution to manage the distribution of 118 trades directories across the South East
[UKPRwire, Wed Jan 31 2007] Daniel Corby, CEO 118 Group Holdings plc announces the appointment of ALR Distribution to the business to distribute directories
Speaking about the announcement, Daniel Corby, Group CEO said “We have worked with ALR for our Media business to the group, and have been delighted with the outlets and pick up rates from them across selected towns chosen for key trials. The extension of the ALR contract to cover directories of 118trades, our directory business is a commitment to improved distribution and also to ALR as a business. The outlets chosen for distribution include Sainsbury, Tesco, Somerfield, BP, Texaco and selected other national retailers. The directory distribution roll out is expected to commence from April 2007 with additional outlets being added all the time”
Daniel Corby continued “118 Group now takes in interests in Advertising, Directories, Media, Mobile, Publishing and Telecoms and by May of 2007 will be a major employer across Essex. Additional centres are planned to open in both 2007 and 2008 which could bring headcount across the group to over 1,000 employees”
Notes to editors
The group is now starting to think and act like a plc ahead of the planned float and has recently made some high profile appointments including business veteran Richard Allan, the former CEO of Perry Group plc as Chairman, Hugh Craen, the founder and mastermind of Potential Finance Group plc which floated on AIM in 2002. Hugh joins the business as a non executive director, Peter Hill as Group FD, who joins from Dorma Door Controls Limited, Scott Barker as Head of Risk, previously from World Pay and Meta Charge. In addition, Ian McLachlan, the recently retired head of Trading Standards of Hertfordshire, who has become Head of Ethics for the business and will oversee the way the business manages relationships with shareholders, staff, customers and suppliers. The business is now in talks with a former Director of Yellow Pages with regards to taking a board position with 118 Group Holdings plc. Further statements will follow in due course
118 Group Holdings plc successfully completed pre IPO fund raising exercises in October 2006 ahead of the planned AIM float and is growing ahead of forecasts. Last month the business announced the creation of 300 new jobs in Chelmsford and is recruiting rapidly. You can read more about the business at www.the118group.com
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