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March 2, 2015 – blur Group, which operates the world’s largest online marketplace for business services, is pleased to announce that it has partnered with the new national cycling team for Wales to help raise the £11.2 million needed to launch the team onto the international circuit.

It is the first time Wales has fielded a professional team in international cycling and builds on the success of Welsh cycling stars including Team Sky’s Geraint Thomas and Luke Rowe and the Olympic gold medallist and women’s road race world champion Nicole Cooke.

The new team, ‘We are Wales’ Pro Cycling, aims to field a team to compete in races in the 2016 season with the hope of qualifying for the prestigious events like the Tour de France within a four years.

The team will also act as a catalyst for encouraging greater participation in cycling and more inward investment into Wales.

The project will run over a four-year period with the total project value budgeted at approximately £11.2 million, and is expected to be recognised over four calendar years.

Eifion Weinzweig, co-founder of Weinzweig-Dejan Cycling, who is leading the ‘We are Wales’ team, said: “We have been working on this initiative for three years, but it’s only since engaging with the sponsorship experts at blur that our dream has become a reality.”

“We know that the Welsh people are very passionate about rugby and football. We hope that by providing them with this unique opportunity to get behind a new team in a rapidly expanding market, it will make everybody feel proud of being Welsh and what the country has to offer.”

blur operates the world’s largest online marketplace for business services and is working with its extensive network of service providers to offer a range of packages to attract commercial sponsors.

Philip Letts, CEO of AIM-listed blur group, said: “We are delighted to play such a big part in putting the ‘We are Wales’ team on the road and are very confident that our platform will facilitate raising the £11.2million sponsorship target.

“To date fund-raising has exceeded expectations and we anticipate being in a position to announce a headline sponsor within the next couple of months.”

 

Ends

 

About blur Group plc at blurgroup.com

blur operates the world’s largest online marketplace for business services. To date 50,000 businesses have used blur to buy or sell services online, including companies like Amazon, , Regus, Caterpillar, Argos, Danone and GE submitting over $350m of services requirements to blur’s platform.

blur Group is a public company listed on the London Stock Exchange’s AIM market (BLUR) and is headquartered in the UK with regional sales offices in the US and Europe. 

 

Forward Looking StatementsThis press release contains “forward-looking statements”, including, but not limited to, statements about the possibility that the Company may pursue a U.S. stock exchange listing. These forward-looking statements are statements based on the Company’s current intentions, beliefs and expectations, which include, among other things, the Company’s results of operations, financial condition, prospects, growth, strategies, the industry in which the Company operates and overall market conditions. No forward-looking statement is a guarantee of future performance and actual results could differ materially from those expressed or implied in the forward-looking statements. Accordingly, readers should not place undue reliance on forward-looking statements or information. Forward-looking statements and information by their nature involve known and unknown risks, uncertainties and other factors which may cause actual results, performance or achievements, or industry results, to be materially different from any future results, performance or achievements expressed or implied by such forward-looking statements or information. The Company expressly disclaims any obligation or undertaking to release publicly any updates or revisions to any forward-looking statement contained in this announcement to reflect any changes in expectations with regard thereto or any changes in events, conditions or circumstances on which any such statement is based, except as required by applicable law

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