REG-LocoSoco Group Plc: Trading Statement

LocoSocoAnnouncement

03/02/2020 15:35

LocoSoco Group Plc
("LocoSoco", or "the Company")

Trading Update

Monday 3(rd) February 2020

LocoSoco Group Plc, the Wiener Borse traded company that builds technology to
profit from creating sustainable communities, is pleased to announce a trading
update for February 2020.

As indicated in post year end highlights in our full year results statement
published on December 4(th) 2019, the last quarter of the year and decade
delivered significant growth in partnerships across the independent retail
sector, the backbone of LocoSoco’s vision to enable sustainable communities.

Over 150 shops were onboarded across the UK from Penzance to Aberdeen between
October 2019 and January 2020. Added to this, more than 10 new advisors, among
whom are some of the most successful and reputable leaders in the industry,
have joined the team including: 
* Kay Patel - Global Food & Wine (Best One) Multi-award winning retailer with
a group of stores in East London, Member of the National Federation of
Retailers Newsagent (NFRN) and Association of Convenience Stores (ACS).
* Avtar Sidhu - Budgens, St Johns Wood, Ex IT Company owner turned multi-award
winning retail store owner and Board Member of the Association of Convenience
Stores(ACS).
* Raj Aggarwal - Spar - Multi-awarding winning retailer with multiple outlets
in the Midlands and Board Director of the Association of Convenience Stores
(ACS) and  Spar Meridian and Welsh Guild Board Member
The recently-launched MyEco.Site is already proving very popular with
retailers as an online extension to their store fronts, giving them a new
unique proposition to promote and sell over 300 eco-products to their
respective communities.

LocoSoco Eco-Refill stations are now situated in over 50 shops and charity
shops, along with a number of schools and places of worship. And Wandsworth
Oasis has just set up a pilot scheme with MyEco.Site.

LocoSoco have also confirmed a stand at the biggest retail event of the year
at the NEC in Birmingham (National Convenience Show). Founder and CEO James
Perry will be taking part on a panel discussion on Sustainability in Retail on
the 1st April.  (email locosoco@locoso.co for complimentary tickets).

LocoSoco have also recruited a Community Psychologist, Luca Comazzi as
Community Engagement Officer to build relationships, and articulate shared
revenue and equity opportunities with communities across the country.

CEO James Perry commented: “The surge in community partners and advisors
joining our team is no coincidence; the LocoSoco offering is seen as a
potential cornerstone for sustainable commerce as we head into a new decade. 

Industry backing for our offering continues to grow, as our company now offers
the Holy Grail for brands by reaching independent retailers through our
network.

LocoSoco Eco-Refill stations and MyEco.Sites will continue to incentivise our
network of award winning retailers, and at the same time help challenger
brands expand market share.

As trading patterns emerge from Eco-Refill and MyEco.Site outlets, we will be
providing detailed financials and ARPU data in future updates. 

During Q1 2020, we are targeting more than 500 outlets to become part of the
LocoSoco network, and as we expand our team we aim to reach 4,000 by the year
end. I look forward to updating you on further progress.”

Ends.

Enquiries:

LocoSoco Group PLC
James Perry, Chief Executive Officer
Simon Rendell, Non-Executive Chairman

+44 (0)203 538 0716
Novus Communications Ltd
Alan Green / Jacqueline Briscoe

+44 (0)7976 431608 / +44 (0)207 448 9839
Keswick Global AG - Capital Market Coach
Tim Curle, Klaus Schwerdtfeger
info@keswickglobal.com / +43 (1)740 408045

About LocoSoco Group Plc

LocoSoco builds technology to profit from creating sustainable communities. We
work with community partners to turn community assets into eco-enterprises
enabling them to generate additional revenues whilst going green.

Community partners have the opportunity to engage with their local community
on sustainability, whilst also earning additional revenue for themselves,
their businesses and causes.

LocoSoco Group Plc listed on the Austrian Wiener Borse Direkt Market in
February 2019.



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