GBO.L Regulatory News (GBO)

25 Nov 2009 07:00



GLOBO plc

€4.7M NEW ORDERS 

Globo plc ("Globo" or "the Group"; LSE-AIM: GBO), the international IT, S.a.a.S and mobile solutions group, is pleased to announce that during recent months it has been awarded a number of new public and private sector contracts with a total value of over €4.7 million, the bulk of which are expected to be completed and the associated revenues recognised during the course of 2009. These contracts are for the Group's 'mainstream' IT and telecom products and services.

New public WiFi 'hotspot' projects valued at an aggregate €1.62 million are being delivered for several municipalities: Markopoulo, Halandri, Likovrysi, Kalyvia, Agia Varvara, Agioi Anargyroi, Sparti and Vyronas as well as for the Prefecture of Thesprotia. Globo will provide a specialised software platform for user's access control, security, network management and the extraction of statistical reports on the use of wireless internet access by users of the hotspots.

New public sector E-Business contracts worth €0.66 million include projects for the Prefecture of Kefalonia and the Municipality of Glyfada.  Globo will provide a specialised software platform for services related to the provision of information and interaction with the general public.

In the private sector, Globo is delivering several new projects with a total value of €2.4 million for the implementation of E-Business solutions based on its Citron Business Operating System with companies including Diadikasia S.A., Newsphone S.A., E-shop S.A., IMS S.A. and Call Center S.A.

Costis Papadimitrakopoulos, CEO, commented:

"This stream of new business builds on Globo's successful track record as a leading technology provider of e-business and broadband solutions in Greece.  It reflects our continuing investmentin new business development and in new technologies in order to expand our footprint within our traditional markets."

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About Globo

GLOBO plc was admitted to AIM in December 2007. Founded in 1997 by Konstantinos Papadimitrakopoulos and headquartered in Halandri (a suburb of Athens), Globo has established itself as one of the market leaders in the Greek ICT market. It provides e-business and telecom software products and related services to the private and governmental sectors in Greece as well as developing and operating broadband wired and wireless networks. It has developed to become one of the largest e-business software and SaaS. vendors in Greece. More recently, the Group has formed a new business unit, Globo Mobile, to deliver its mobile communications strategy. For further information please go to www.globoplc.com.