Escher Group Holdings Regulatory News (ESCH)

Escher Group Holdings plc

Swazi Post win confirms Escher Group as key supplier of postal automation software to African market.

14 June 2012 - Escher, a world-leading provider of outsourced point-of-service software to the postal industry, today announced that Swazi Post has selected Escher's proven Riposte counter automation software. Swazi Post, the national postal operator in Swaziland, will begin to use Escher's Riposte to modernize its postal network to offer new revenue generating products and services while at the same time reducing the existing cost base.

Swazi Post joins a growing list of postal operators on the African continent, notably Angola Post, Botswana Post, Cape Verde Post, Mauritius Post, NamPost, the South Africa Post Office and ZimPost, which have chosen Escher as their preferred supplier of counter automation technology and expertise. The Swazi Post contract also underpins Escher's decision to open an African office as it will help drive Escher's business in Africa while consolidating account management services with the company's existing customers.

Liam Church, Escher's CEO, commented: 'This is a significant development for Escher Group in Africa and reaffirms our commitment to expand our customer base on the continent. Swazi Post is a progressive postal organization and Escher is looking forward to assisting the Post in its modernization strategy.' He continued: 'with the establishment of a regional office in southern Africa earlier in the year, and additional business with existing African customers, this new contract confirms that we are one of the leading players in the African postal market.'

ENDS

About Escher

Escher is a world leading provider of outsourced, point of sale software to the postal industry. Escher's core software, Riposte, provides a solution for postal authorities who are seeking to counteract a decrease in traditional mail revenue by expanding revenue opportunities through new services, thereby reducing cost and increasing efficiency.

Postal authorities' software requirements have become more complex, leading to a growing trend towards outsourcing. Riposte is already in use in 30 countries and territories worldwide. It is licensed for over 150,000 workstations.

Escher's existing customers are national postal authorities including An Post in Ireland, Austria Post, Deutsche Post, Norway's Posten and SAPO in South Africa. The Group services these customers from their offices in Ireland, South Africa, Singapore, the United Kingdom and the United States.

Long licence and maintenance contracts and repeat business from quasi governmental customers give Escher good visibility of high quality earnings.

The Group is targeting continued growth through incremental sales to existing customers, new sales within the postal industry, penetration of new vertical markets and through the launch of its revolutionary new product, RiposteTrEx.

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