New Order
25 Oktober 2007 - 9:01AM
UK Regulatory
RNS Number:3131G
Galleon Holdings PLC
25 October 2007
Galleon Holdings plc
("Galleon" or the "Company")
Galleon Receives Supply Order for Latin America
Galleon is pleased to announce, on behalf of its Product IP Division that,
further to the successful international roll out in the last year of its wholly
owned toy intellectual properties "Blasterz" and "Boinx", Pepsico has
commissioned a test order for Latin America valued at #800,000.
Galleon has been awarded "Approved Supplier" status by Pepsico for in-pack
premiums in Latin America - the largest region in the world in the in-pack
premiums market. The board anticipates that this initial test order represents
approximately 20% of the value of a full promotion for this region.
Stephen Green, Chief Executive, commented,
"We are delighted to be doing business in Latin America. The emerging markets
are the largest users of the type of products that we create in our Product IP
Division ("Croco"). The ability to supply to customers such as Pepsico in this
region has the potential to re-scale Croco's business.
This is a very encouraging start to our new financial year."
For further information please contact,
Stephen Green, Chief Executive
Galleon Holdings Plc
Tel. 020 8742 3636
Ben Simons/ Adam Reynolds
Hansard Communications
Tel. 020 7245 1100
Robert Kidson/Nicola Horton
Smith & Williamson Corporate Finance Limited
Nomad & Broker
Tel: 020 7131 4000
Notes to editors:
Galleon Holdings plc is an AIM-listed intellectual property owner and developer
in the entertainment sector.
This information is provided by RNS
The company news service from the London Stock Exchange
END
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