Business
AIMPro Update
AIMPro Update.
About this update from Altitude Group Plc
[{"type":"text","content":"\n \nRNS Number : 1273D Altitude Group PLC 29 January 2018 \n\nALTITUDE GROUP PLC\n (the \"Company\" or \"Altitude\")\n \nAIMPro Update\n \nAltitude Group plc (AIM: ALT), the operator of a leading marketplace for personalised products, is pleased to announce the following update in relation to AIMPro and the on-going programme of engagement with and on-boarding of both AI Mastermind (\"AIM\") members and AIM preferred suppliers. AIMPro is a technology platform which combines the Channl ecommerce technology with Altitude's proprietary full cloud-based CRM and order management system and which is provided free and exclusively to the approximately 1,500 AIM members who have a combined annual revenue throughput of circa $1.3 billion. \n \nAiM members\n \nAltitude are pleased to announce that the on-boarding programme for AIM members has started well and there are currently 7 AIM members, with aggregate annual revenue of $11.2 million already processing orders on the AIMPro platform. Supply partner billing will commence in February 2018.\n \nAs planned Altitude attended the Promotional Products Association International (PPAI) Expo in Las Vegas earlier this month where Nichole Stella and her team had the opportunity to meet with and demonstrate the AIMPro platform to more than 200 AIM members. After a highly successful two-day education session, Altitude has signed 57 new AIM members to the AIMPro platform, who together comprise aggregate annual revenues of circa $44 million.\n \nWe have a deep understanding of the key drivers of long term success for users migrating to a comprehensive order management system and our clearly defined on-boarding and training process has begun for these 57 AIM members. The Company looks forward to them commencing transactions through the AIMPro tech suite. In addition, a further 88 AIM members are actively engaged with Altitude and we anticipate additional member sign ups to AIMPro in the near future. \n \nFollowing the success of the PPAI Expo event and the high conversion rate achieved Altitude will be hosting an AIMPro roadshow event in Philadelphia in February 2018 focussed on AIM members who were unable to attend the PPAI Expo. Philadelphia has been chosen as the first venue for our roadshow events as it has a particularly high concent...