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WideCells team detail significant first contract for new Iconic Labs business

WideCells Group PLC's (LON:WDC) David Sefton and John Quinlan tell Proactive London's Andrew Scott they're expecting to book initial revenues in the first year from the deal of more than £1mln and the contract, currently agreed in principle, offers the potential for material increases.

It's with a UK-based financial services business on a long-term retainer basis.

Sefton adds that the completion of the restructuring is now very close and will be followed by an official proposal to change the company’s name to Iconic Labs PLC.

Quick facts: Iconic Labs PLC

Price: 0.0661 GBX

Market: LSE
Market Cap: £924.94 k

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Full interview: Iconic Labs shake up the media tech space with two new deals

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