Business news for the stock market

London (pta034/27.01.2022/16:39) - LocoSoco Group Plc ("LocoSoco", "LOCO"), the company that builds technology to profit from distributing sustainable products & technologies and is listed on the Direct Market segment of the Vienna MTF, is pleased to announce a new distribution agreement with MKMI General Trading ("MKMI") who distribute to over 1,500 retail outlets across supermarkets, forecourts and the convenience sector in the Middle East.

LocoSoco is listed on the Direct Market segment of the Vienna MTF. For quotes and trading data, link here: https://www.wienerborse.at/en/market-data/shares-others/quote-direct/?ISIN=GB00BD5BTL23&ID_NOTATION=246035708&cHash=96818d4943bd602c7947d54b3503cb6f

MKMI

MKMI is a leading import and distribution partner to the retail and food service sectors in the Middle East and is recognised as a supplier of high quality, ethically produced food and beverages from around the world. With a large network of clients and sales channels, MKMI is well positioned to distribute the growing range of LocoSoco's portfolio products across the region.

MKMI's Managing Director, Stephen Price commented "MKMI is delighted to partner with LocoSoco and bring their incredible range of sustainable and innovative food & beverage brands to Middle East consumers along with the opportunity for MKMI to distribute their products to the independent retail sector in the UK. Our businesses are aligned in philosophy and cater to the growing opportunity for high quality, sustainable and traceable products. This partnership will provide LocoSoco and MKMI an increased and varied portfolio of products for our partners and supply the rapidly growing movement toward conscious consumerism"

LocoSoco CEO James Perry commented, "With the growing appetite for sustainable and ethical products by consumers and business across the globe, forming partnerships with key distributors in new markets is key to LocoSoco's growth plans. The partnership with MKMI is an exciting development as brands LocoSoco represent are already gaining significant interest from retailers across the Middle East. We look forward to updating the market on this collaboration."

Ends.

Enquiries:

LocoSoco Group PLC

James Perry, Chief Executive Officer

Simon Rendell, Non-Executive Chairman

+44 (0)203 154 9300

locosoco@locoso.co

Novus Communications

Alan Green

+44 (0)207 448 9839

Keswick Global AG - Capital Market Coach
Tim Curle, Klaus Schwerdtfeger
info@keswickglobal.com / +43(1)740 408045

About LocoSoco

LocoSoco introduces products and technologies that contribute to sustainability through working with retailers, corporates and community partners.

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emitter: LocoSoco Group plc
address: 8 Madeira Avenue, Leigh on Sea, SS9 3EB Essex
country: United Kingdom
contact person: James Perry
phone: +44 203 538 0716
e-mail: locosoco@locoso.co
website: www.locoso.co

ISIN(s): GB00BD5BTL23 (share)
stock exchanges: Vienna MTF in Vienna
other stock exchanges: locosoco

[ source: http://www.pressetext.com/news/20220127034 ]