Foresightgr Regulatory News (FSG)

26 Feb 2008 07:00

Focus Solutions Group PLC26 February 2008 Embargoed until 0700 26th February 2008 Focus Solutions Group plc (AIM:FSG) A leading provider of proven enterprise solutions to the financial services market. ("Focus" or the "Group") Contract Win HSBC has chosen Focus Solutions for the design and build of the multi-millionpound Phase Two programme to support HSBC's wealth management strategy. Focus istherefore pleased to announce the signing of a £765,000 contract to instigatethis work with HSBC. Focus is already developing Phase One of this comprehensive system to supportHSBC's distribution channels for life, pensions and investment products. Focusis also working collaboratively with HSBC on the design and planning of offlineworking and a commercial financial planning tool for advised sales anddistribution support. Phase Two covers HSBC's IFA sales process. Helen Roberts, Business Programme Manager, HSBC, commented:"We have developed a very good relationship with Focus, based upon the ongoingwork to deliver Phase One and the scoping project for Phase Two of the solution.Focus was the obvious choice for this substantial project and we intend to buildon the knowledge and expertise that has been acquired during Phase One. Focushas continued to demonstrate a domain knowledge that makes us confident theywill provide an effective solution for our financial planning managers in 2008." Richard Stevenson, Chief Executive, Focus Solutions, added:"I am delighted that we have continued to grow our relationship with HSBC. Thiscontract provides further validation that our software is capable of supportingthe largest and most demanding global customers and that we are able to helporganisations realise significant business benefits. We believe that currenteconomic conditions are leading to large financial institutions placing an evengreater value on regulatory and compliance driven projects and we believe Focusis well placed to take advantage of this demand." END Enquiries: Focus Solutions Group plc 01926 468300Richard Stevenson - Chief ExecutiveMartin Clements - Finance Directorwww.focus-solutions.co.uk Daniel Stewart 020 7776 6550Graham Webster/Chloe Ponsonbywww.danielstewart.co.uk Smithfield 0207 360 4900Tania Wild/Reg Hoarewww.smithfieldgroup.com Notes to editors: About Focus Solutions Group plc Focus Solutions is an established and proven supplier of enterprise solutions tothe financial services industry in both the UK and Ireland. Focus has anunrivalled reputation, based upon vast experience, domain knowledge andtechnical expertise in delivering successful market leading sales automationsolutions to some of the foremost financial institutions, providing a benchmarkby which other vendors are judged. Focus offers organisations an integrated whole office solution through a singletechnology platform - focus:360. A suite of modular, configurable componentsthat provides a complete end to end technology solution for financial servicesdistributors, combining front office solutions with sales process and supporttools and back office capability - a first for the industry! Focus has a successful track record of implementing multi-channel solutionsacross a broad range of financial services products to thousands of end users,enabling client's to concentrate on their core business - providing quality,compliant financial advice. For further information on Focus, please visit www.focus-solutions.co.uk. This information is provided by RNS The company news service from the London Stock Exchange