Blur Group PLC blur puts new national cycling team on the road
02 March 2015 - 8:00PM
RNS Non-Regulatory
TIDMBLUR
Blur Group PLC
02 March 2015
2 March 2015
blur Group plc
("blur Group", the "Group" or the "Company")
blur helps put new national cycling team on the road
Further to the RNS announcement on the 15(th) Jan 2015 reporting
that blur Group, which operates the world's largest online
marketplace for business services, had kicked off a four year $17m
project to raise funds to launch a new cycling team onto the
international circuit, blur is pleased to report the team is the
new national cycling team for Wales.
It is the first time Wales has fielded a professional team in
international cycling and builds on the success of Welsh cycling
stars including Team Sky's Geraint Thomas and Luke Rowe and the
Olympic gold medallist and women's road race world champion Nicole
Cooke.
The new team, 'We are Wales' Pro Cycling, aims to field a team
to compete in races in the 2016 season with the hope of qualifying
for the prestigious events like the Tour de France within four
years. The team will also act as a catalyst for encouraging greater
participation in cycling and more inward investment into Wales.
Eifion Weinzweig, co-founder of Weinzweig-Dejan Cycling, who is
leading the 'We are Wales' team, said: "We have been working on
this initiative for three years, but it's only since engaging with
the sponsorship experts at blur that our dream has become a
reality."
"We know that the Welsh people are very passionate about rugby
and football. We hope that by providing them with this unique
opportunity to get behind a new team in a rapidly expanding market,
it will make everybody feel proud of being Welsh and what the
country has to offer."
blur operates the world's largest online marketplace for
business services and is working with its extensive network of
service providers to offer a range of packages to attract
commercial sponsors.
Philip Letts, CEO of AIM-listed blur group, said: "We are
delighted to play such a big part in putting the 'We are Wales'
team on the road and are very confident that our platform will
facilitate raising the $17 million sponsorship target.
Ends
For further information, please contact:
blur Group plc http://www.blurgroup.com
Jon Hogg, Chief Platform Tel: +44 (0) 7775
Officer 601 630
Nicola Quick, PA to Chief
Executive Officer
Yellow Jersey
Alistair de Kare-Silver/Anna Tel: +44 (0) 7738
Legge 076 304
About blur Group plc at blurgroup.com
blur operates the world's largest online marketplace for
business services. To date 50,000 businesses have used blur to buy
or sell services online, including companies like Amazon, , Regus,
Caterpillar, Argos, Danone and GE submitting over $350m of services
requirements to blur's platform.
blur Group is a public company listed on the London Stock
Exchange's AIM market (BLUR) and is headquartered in the UK with
regional sales offices in the US and Europe.
Forward Looking Statements This press release contains
"forward-looking statements", including, but not limited to,
statements about the possibility that the Company may pursue a U.S.
stock exchange listing. These forward-looking statements are
statements based on the Company's current intentions, beliefs and
expectations, which include, among other things, the Company's
results of operations, financial condition, prospects, growth,
strategies, the industry in which the Company operates and overall
market conditions. No forward-looking statement is a guarantee of
future performance and actual results could differ materially from
those expressed or implied in the forward-looking statements.
Accordingly, readers should not place undue reliance on
forward-looking statements or information. Forward-looking
statements and information by their nature involve known and
unknown risks, uncertainties and other factors which may cause
actual results, performance or achievements, or industry results,
to be materially different from any future results, performance or
achievements expressed or implied by such forward-looking
statements or information. The Company expressly disclaims any
obligation or undertaking to release publicly any updates or
revisions to any forward-looking statement contained in this
announcement to reflect any changes in expectations with regard
thereto or any changes in events, conditions or circumstances on
which any such statement is based, except as required by applicable
law.
This information is provided by RNS
The company news service from the London Stock Exchange
END
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