RNS Number : 2522F
22 April 2014
("cloudBuy" or the "Company")
AGM Result and Statement
At its Annual General Meeting held earlier today, Ronald Duncan, Chairman of cloudBuy plc, the cloud e-Commerce market place, made the following statement:
"Last year we set a medium term target of £50 million turnover with 80% of our business overseas. We have made considerable progress towards that target and now have 3 separate areas that could deliver the £50 million turnover target on their own; these are Care, Health and our global business. We have made a number of important contact wins already this year, and we expect these to deliver significant revenues in the 2nd half of the year, in a similar pattern to last year.
Looking further ahead we have created, what we believe is the world's best cloud platform, with potentially the best community in the form of our trading community, thus our longer term goal is to become the world's leading cloud company."
Results of AGM
It is confirmed that all of the resolutions put to the Company's shareholders at the AGM held yesterday were duly passed.
For further information, please contact:
Ronald Duncan, Chairman
Tel: 0118 963 7000
Westhouse Securities Limited
Tom Griffiths/Richard Johnson
Tel: 020 7601 6100
Caroline Forde/Alex White/Robyn McConnachie
Tel 020 7653 9850
About cloudBuy PLC
cloudBuy, formerly @UK, is the world's leading transactional Cloud Platform.
cloudBuy has used the platform to build the world leading B2B ecommerce and eprocurement applications which address the full range of buying and selling activities, in an easy to use web and mobile experience. Along with other cloud based applications including Content Management, email and big data analysis.
The applications have already managed over $ 500 billion of spend and are being used by leading organisations around the world to deliver savings and improved services.
The applications are unique in delivering correct pricing in the complex world of B2B whilst being easy enough to use that the people with difficulties can use the system to buy their own social and health care.
For more information, visit www.cloudbuy.com
This information is provided by RNS
The company news service from the London Stock Exchange