Sign In
24 Apr 2009 07:00
ο»Ώ
|
IMMEDIATE RELEASE |
24Β AprilΒ 2009 |
eg solutions plc
NEWΒ CONTRACTΒ WINΒ
eg solutions plc ("eg solutions" or "the Company"; LSE-AIM: EGS), the operations management software company, is pleased to announce that it has won a significant contract for a project with a new customer - one of the largest bancassurance groups in the Nordic region. This contract will have a minimum value of Β£1.6 million with just over half of the revenue to be recognised in the current year and the balance spread evenly over the following four years.
This initial project in theΒ customer'sΒ claimsΒ department will implementΒ eg's operational management software and methodologyΒ within the life assurance and pensions companyΒ ofΒ the groupΒ to increaseΒ efficiency and reduce costs. The project will commence immediately.
Elizabeth Gooch, Chief Executive Officer, commented:Β
"This contractΒ winΒ is a significant development forΒ egΒ as it represents our continued international expansion within our targeted overseas markets. It also demonstrates theΒ applicability of our products in improvingΒ operational management in customer service operations anywhere in the world.
"InΒ recent announcementsΒ weΒ haveΒ noted that our pipeline of potential sales was stronger than at any time in the past 24 months.Β Β This contract winΒ showsΒ that we are makingΒ progress in convertingΒ thatΒ pipeline into new sales contracts."
Ends
CONTACTS
|
eg solutions plcΒ |
01785-715772 |
|
Elizabeth Gooch, Chief Executive Officer |
www.eguk.co.uk |
|
Bankside |
020-7367-8888 |
|
Steve Liebmann,Β Simon BloomfieldΒ orΒ Andy Harris |
|
|
Brewin Dolphin Ltd (Nominated Adviser) |
0845-213-4748 |
|
Mark Brady, Director Corporate Finance |
AboutΒ eg solutions plc
egΒ solutions plc is a globalΒ operations management software company. Our software provides historic, real-time and predictive Operational MI. When implemented with our training programme for managers and team leaders to use this intelligence, we guarantee improvements in operational results in short timescales.
The Company, which is listed on the Alternative Investment Market ('AIM') of the London Stock Exchange, is committed to customer satisfaction and the ongoing development of its operations management solutions.
Follow the stocks
