RE: RE:Confidence22 Aug 2021 19:07
Oman7..... from the half year report.....
In December 2020 we announced we were in the advanced stages of securing a long-term contract for 5 airports in an African country. We had been pursuing this opportunity since our acquisition of our French business Euro Ops in 2019 and we expected to secure this contract in 2020 but due to the various lockdowns and travel restrictions in place progress was delayed. I was delighted therefore to be able to announce on 15 June 2021 that we had secured and signed a 20-year manged services contract to provide security services to 5 airports in the Democratic Republic of the Congo ('DRC'), Central Africa. This was a very significant achievement and not only means we will now have an established presence in a new region of Africa but also the project offers substantial growth opportunities. We are excited about this new contract and looking forward to commencing operations once formalities are finalised. I am pleased to report we have already commenced deployment of key personnel for the project, our 100% subsidiary, Westminster Aviation Security Services RDC, which will be employing the local personnel and other logistics, has now been formed, local professional advisors engaged and we are currently preparing the operational logistics ready for commencement.
In addition, on 16 June 2021, we further announced that we had signed another long-term managed service contract to provide port screening services in West Africa for the next 10+ years. We had been pursuing and developing this opportunity for several years and it is another important win for the Company that further extends our global footprint and profile in the port screening sector. Likewise, personnel deployment and company formation processes are underway. Our project team is working with the client to prepare the land for the port screening and inspection areas.
Both contracts are supposed to be September starts..... and then the cash rolls in .... and then Pete stops printing confetti...... and then the share price goes up.......... simples !........B