Business
Contract Extensions
Contract Extensions.
About this update from Logistics Development Group Plc
[{"type":"text","content":"\n Legacy Distribution Group Inc\n09 August 2006\n\n\n9 August 2006\n\n LEGACY DISTRIBUTION GROUP, INC.\n ('Legacy' or 'the Company')\n\n TWO MAJOR CONTRACT EXTENSIONS\n\nLegacy Distribution Group, Inc. (AIM: LDG), one of Arizona's leading groceries\nwholesalers and distributors, announces that it has won further extensions to\nits contracts to supply two current customers, the QDN Corporation, a US\nnational wholesale distribution service provider and Albertsons Inc., one of the\nlargest retail food and drug chains in the world. Both contracts are significant\nto the Company in terms of revenue going forward.\n\nQDN Corporation\nLegacy will now supply 75 Marriott branded hotel properties in the Western\nUnited States with all of their retail product needs. Namely, supplying the\nhotel gift shops with anything that a consumer/guest would usually purchase,\nincluding health and beauty supplies such as aspirin, toothpaste etc.\n\nThis contract increases Legacy's mandate with QDN by over 30% and follows the\nannouncement, in April this year, that the Company had won its first contract\nfrom QDN to supply candy and snacks to over 200 retail locations including\ncustomers such as the world's largest bookseller, Barnes & Noble, Host Marriott\n(airport retail) and Staples. Legacy will be one of only six distributors in the\nUnited States supplying Marriott locations.\n\nAlbertsons Inc.\nIn addition to supplying cigarettes to all of Albertsons' retail locations in\nthe Arizona and New Mexico area, amounting to over 100 outlets in total, Legacy\nwill now also fulfil all of Albertsons' other tobacco needs. This will include\nproducts such as loose tobacco, smokeless tobacco and cigars.\n\nAlbertsons is one of the largest retail food and drug chains in the world with\nover 2,500 stores in 37 US states and this is the second extension of its\ncontract with Legacy, since its commencement in March 2006.\n\nCommenting Frank Patton, CEO of Legacy, said: 'For organisations such as\nAlbertsons and QDN to have significantly extended their remits with us, so\nshortly after the initial contract wins, is a strong endorsement of our ability\nto fulfil the retail requirements of large high profile clients.\n\n\nNot only will they be significant in terms of revenue, it shows that our\ninvestment to improve our distribution and other logistical syste...