blur Group is a technology company reinventing how businesses do commerce at blurgroup.com. Its Global Services Exchange delivers services differently: a new way to buy, manage and pay for core services. As of July 2013, more than 30,000 businesses in 141 countries have adopted this s-commerce platform and changed the way they work. 100 projects per month from companies like Broadridge, Coral, Exceed, HCA, Momentive, Red Commerce, the Financial Times, Berlitz, Butlins, GE Healthcare and Tyco are received. Over the same time, average brief value has grown from around US$1,500 in 2010 to US$10,800 in the first quarter of 2013. By mid-2013, more than 2,200 projects had been submitted with a combined value of over US$35 million. These have come from the US, UK, Europe, Africa and Asia with over 28,000 expert service providers on eight exchanges responding to them


http://blurgroup.com/

blur puts new national cycling team on the road
RNS
RNS Number : 1754G
Blur Group PLC
02 March 2015



2 March 2015



blur Group plc

("blur Group", the "Group" or the "Company")



blur helps put new national cycling team on the road

Further to the RNS announcement on the 15th Jan 2015 reporting that blur Group, which operates the world's largest online marketplace for business services, had kicked off a four year $17m project to raise funds to launch a new cycling team onto the international circuit, blur is pleased to report the team is the new national cycling team for Wales.

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

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 $17 million sponsorship target.

Ends

Wonders never cease with this company.

Real knockdown.....I'm still not quite sure what they do....

If I understand this correctly :...you could have one guy or lady in an office with 50 telephones......dringggg....dringggg....drinnggg...hello...goad moaning....I need somebody to help out with my printing....hang on soaar !...I have just the package for you.....(muted sound)....now which blinkin phone is it....this one...no...that one...no...ahh here it is sir here you are ;....I'll put you in contact right now....our fee is 20%....thank youuuu.....NEXT.....

today's papers show why AIM stocks can be such a dodgy investment

Certainly agree, but nothing wrong with the 2013 climb in the sp. Also plenty of time to jump the sinking ship with still a good profit.Even if an investor hung on in hope of the sp climbing again. Many aim shares are like this. My view - get in early and go with the flow if it heads north or indeed leave if the sp heads to far south for your liking. Chart no different for Wand, but again the early bird catches the worm.

I fear 30p....or less for this....

Shares on Friday - From AIM pin-up to 'rubbish AIM company,' to quote one IT analyst today.

The problem is : there is no business.....it would only work for perhaps an african company is some remote part of the world that does not have access to all networks and needs help....otherwise...unfortunately...I fear this is going to sink....

StockMarketWire.com
blur Group's revenues rose to $4.72m in the year to the end of December - up 35.5% from an adjusted $3.48m in 2013.

Gross profit increased to $1.65m (adjusted $0.67m in 2013) while losses before interest, tax, depreciation and amortisation increased to $10.34m in 2014 (adjusted $6.5m in 2013).

The online marketplace for business services had a cash balance of $17.40m at the year end (adjusted 2013: $9.56m).

Chief executive Philip Letts said: "2014 signified an important shift at blur Group, simply, the transition to the larger enterprise. The business has learned and matured and is now successfully attracting both the enterprise buyer and service provider We have moved from being a broad-based business, servicing a wide range of small, medium and large customers, to one that today is focused on the medium and large enterprise.

"I believe that with our fundraise in 2014 coupled with established maturity in reporting we have the cash resources to execute our strategy. I would also like to take this opportunity to thank Robert for the significant time and support that he has given to the Group over the past few years."

Dot.com Chart if ever I saw one.

Listen to Tim Allen (Blur's CFO) interview here

why waste your time?

Launch of blur Data, listen to the news here.

8 POUNDS ONCE UPON A TIME

I know. :-))

Around 4p for those interested.

I liked it better at 790p :-))

Only 783p to get back up there!!!!!!!!!!

StockMarketWire.com
blur Group has warned shareholders the value of their holdings could be severely reduced or become nil unless it secures alternative near-term financing within the next few weeks.

The group - which had cash balances of $1.14m at the end of May - said market soundings had taken place with new and existing potential cornerstone investors to provide additional financing to deliver the board's updated business plan.

But it said some of the investment terms put forward in these discussions included a number of onerous conditions which the board considered were not in the best interests of shareholders.

The group said the board was now evaluating alternative sources of funding but if this was not forthcoming within the next three to six weeks the board would be required to take action to protect the interests of creditors.

It said this could result in the value attributable to shareholders being severely reduced or becoming nil.

blur's quarterly business update announced on 8 February said the cash burn for the fourth quarter of 2016 was $0.9 million ($1.0m in Q3 2016).

It said this rate of cash burn had stayed broadly constant in the year to date, and cash balances at 31 May were $1.14m.

The group said its business plan for the coming months focused on furthering its enterprise customer strategy by establishing additional high value relationships with blue chip multinational customers from a variety of sectors, while optimising the cash requirement of the business and shortening the path to profits.

It said this was planned to be achieved by implementing a number of actions intended to further focus and streamline the business.

It said these include:

- reduction in fixed salaries and fees of the management team and board and a shift towards a more incentive-based remuneration approach

- as the head office lease reaches its conclusion in the coming period, assessing the suitability of current rented office space and evaluating potentially more efficient alternatives

- more tightly focused Sales and Marketing effort prioritising specific enterprise targets, to maximise the return on investment

- ensuring delivery teams are appropriately sized as platform roll outs are achieved with higher levels of automation across blur's platform

- ensuring appropriate level of investment in blur's technology given the recent releases increasing both automation and functionality

- optimisation of overall operational costs, providing sufficient resources for current levels of trading as well as ability to grow revenues

The group said trading since 31 December had been in line with forecasts and the company expected to announce its final results on 29 June.