Final Results

27th March 2015

CloudTag Inc (AIM:CTAG.L), the company which develops personal performance monitoring for the consumer health, wellbeing and fitness markets, announces its final results for the year ended 30 September 2014.

Financial and Operational Highlights

  • Launch of MyCloudTag App in Apple iOS App Store and Google Android Play Store
  • Appointment of new CEO, Amit Ben-Haim, with strong track record of commercialisation in the medical devices space
  • Significant progress in developing wearable device for mass weight loss market – production runs anticipated in H2 of 2015
  • Successful fundraisings totalling £1.4 million – £500k equity and £900k convertible debt
  • Significant reduction in full year loss to £1,290,000 (2013 – £2,840,000)
  • Appointment of Whitman Howard as sole broker to the Company in March 2015