5th December 2016
CloudTag (CTAG:LN), the company that brings personal monitoring to the wellbeing, fitness and digital health markets, notes the recent movement in the Company’s share price and speculation that this relates to electronic correspondence from the Company’s CEO which has also been made available on social media.
The Company confirms that, in the normal course of business, it expects to receive its first manufactured stock of its wearable device this month as was referred to in the announcement of 24 November 2016.
The Company also confirms that it is in early stage discussions with a further potential UK distributor and an online retailer. The outcome of these discussions are subject to normal commercial negotiations and there can be no certainty that these discussions will lead to any contractual agreements or sales.
A further announcement will be made in due course.
This announcement contains inside information for the purposes of Article 7 of EU Regulation 596/2014.