StockMarketWire.com - Ten Lifestyle Group, which provides a travel platform for the wealthy, said it had signed an improved contract with an existing client in the Americas.

The change included a 'significant' increase in member requests and development of platform customisation.

The associated additional revenue would grow the existing 'large' contract into the company's first 'extra large' contract, commencing 1 October.

Ten Lifestyle defined a large contact as being worth over £2m and an extra large contract as being worth over £5m.

'We aim to continue to improve our service, both digitally and high touch across our operations globally,' chief executive Alex Cheatle said.

'We expect our corporate clients to see an increasing impact on their commercial metrics - growing their customer share and helping with measurable customer acquisition, value and retention.'

'As these tangible benefits of our offering become increasingly apparent for our customers, and justify increasing budget levels for our services, we expect to have more extra large contracts in the future from our major global clients.'

At 8:32am: [LON:TENG] Ten Lifestyle Group Plc share price was +1p at 73p



Story provided by StockMarketWire.com