red24 PLC

Renewal of contract

red24 plc ("red24" or the "Group") is pleased to announce that it has signed an extension of its contract with AIG Travel Assist Inc., part of the newly formed Chartis Insurance, for a further 5 years. Under the contract, red24 supplies 24 hour security assistance services in conjunction with AIG Travels medical and travel assistance services. This provides both business and leisure travellers with a package of travel assistance services which can be included as part of an insurance policy.  The contract renewal will continue to support red24's strategy of developing business in the Americas and Asia. 

Simon Richards, Chairman, commented:

"I am delighted that we have been able to renew the contract with AIG Travel who provide travel assistance services to one of the largest travel insurance providers in the World. Our relationship with AIG Travel continues to give us an excellent platform for growth in the US and Asia over the next five years."

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red24 is a provider of a range of security risk management services, offering preventative and reactive advice to help individuals and organisations to avoid and manage security risks to themselves, their families and their organisations. The products are principally distributed through leading international financial service companies.  

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