REG-LocoSoco Group Plc: Trading Update and Warehouse Facility

LocoSocoAnnouncement

03/04/2020 08:10

LocoSoco Group Plc (LOCO), the Wiener Borse DM traded company that builds
technology to profit from creating sustainable communities, is pleased to
provide a trading update.

Highlights:
* GBP150,000 revenue in March 2020 from sales of hand sanitiser and refill
stations.
* LocoSoco has temporarily secured a warehouse in Essex, sited adjacent to the
M25. The warehouse premises has a 4,000 square metre capacity, and has already
been adapted by LocoSoco as a click and collect distribution pointfor
retailers and regional distributors. Subject to negotiation, it is the
company’s intention to secure this warehouse, or a similar premises a
permanent distribution / collection hub for LocoSoco.
* With 250 outlets across the UK, LocoSoco continue to develop relationships
and expand existing networks with a range of leading local brands.
* LocoSoco shares for shelfspace offering is rapidly gaining in popularity,
i.e. shelfspace in exchange for with equity in stores across the country (10cm
here, 10cm over there, a hook to display here, a screen to promote there etc).
We anticipate up to 10km of shelfspace will be sold this year.
* Accelerated rollout of local community ‘enablers’, i.e. MyEco.Site, Eco
Refill stations and MyDistro.Co
The surge in activity and volume has created an urgent need for a new
distribution hub and warehouse. As such we have temporarily secured a
warehouse in Essex, sited adjacent to the M25. The warehouse premises has a
4,000 square metre capacity, and has already been adapted by LocoSoco as a
click and collect distribution point for retailers and regional distributors.
We also intend to offer storage for supplies for/ from businesses that are
unable to trade through the COVID-19 pandemic. Subject to negotiation, it is
the company’s intention to secure this warehouse, or a similar premises a
permanent distribution / collection hub for LocoSoco.

The LocoSoco shares for shelfspace concept has also become very popular with
our retailer network. Quite simply, we gain shelfspace in exchange for
LocoSoco equity in stores across the country (10cm here, 10cm over there, a
hook to display here, a screen to promote there etc). We anticipate up to 10km
of shelfspace will be sold this year, and this in turn creates a unique
opportunity to bring challenger brands to market.

LocoSoco CEO James Perry commented:  “This unprecedented surge in activity
and volume has resulted in our team working around the clock to distribute
supplies to 250+ outlets across the UK. Our sales have grown rapidly as a
result of this, with GBP150,000 of sales in March alone. I would like to put
on record my heartfelt thanks to our people who have worked night and day to
make this happen.

We have worked to ensure our team comply with safe working practice, including
social distancing and self isolation. Thankfully, no LocoSoco employees have
tested positive for the COVID-19 virus.

I look forward to updating you on further progress in the coming weeks and
months. Don’t forget to check in to the LocoSoco website (www.locoso.co) for
the latest news and developments.

Please stay safe in the current pandemic crisis!”

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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