Sorted Group Holdings (SORT)

Sector:

IT Services

 79.00p
   
  • Change Today:
      0.000p
  • 52 Week High: 144.00
  • 52 Week Low: 79.00
  • Currency: UK Pounds
  • Shares Issued: 7.64m
  • Volume: 0
  • Market Cap: £6.04m

Proxama wins "connected" high street project

By Wahida Swaleh

Date: Thursday 19 Jun 2014

LONDON (ShareCast) - AIM-listed mobile marketing group Proxama has secured funding from the UK’s innovation agency Technology Strategy to provide mobile loyalty services across the City of Norwich.

The group aims to connect consumers to high street retailers and national chains using mobile technology such as near field communication, QR codes and Bluetooth beacons.

The firm expects the project to allow shoppers in Norwich to purchase new products as well as sign up for incentives such as coupons, discounts and loyalty services. If successful the company plans for a national or global roll out.

Chief Commercial Officer Miles Quitmann said: “This exciting project connects a consumer's smartphone, which on average they view 150 times a day, with the high street, by alerting shoppers with incentives from participating businesses.

“Retailers benefit by marketing directly to consumers on mobile, increasing sales and repeat visits to their stores. The project funding will help us prove the value of proximity services on the high street, enabling a broader rollout in the UK and beyond."

As of 08:23 the share price had risen 1.64% to 4.6p.

WS

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SORT Market Data

Currency UK Pounds
Share Price 79.00p
Change Today 0.000p
% Change 0.00 %
52 Week High 144.00
52 Week Low 79.00
Volume 0
Shares Issued 7.64m
Market Cap £6.04m

SORT Star Ratings

Compare performance with the sector and the market.
more star ratings
Key: vs Market vs Sector
Value Not Available
Price Trend
65.87% below the market average65.87% below the market average65.87% below the market average65.87% below the market average65.87% below the market average
73.63% below the sector average73.63% below the sector average73.63% below the sector average73.63% below the sector average73.63% below the sector average
Income Not Available
Growth Not Available

SORT Dividends

No dividends found

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SORT Key Personnel

CFO Mahmoud Hamid Warriah

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