GBO.L Regulatory News (GBO)

8 May 2008 07:00

Globo plc08 May 2008 FOR IMMEDIATE RELEASE 8 May 2008 Globo plc ANNUAL GENERAL MEETING: TRADING UPDATE Globo plc ("Globo" or the "Company"; LSE-AIM: GBO), a leader in the Informationand Communications Technology market in Greece, will be holding its AnnualGeneral Meeting later today. The non-executive Chairman, Brett Miller, will issue the following short tradingupdate: "We are pleased to report that Globo is maintaining strong momentum within itsbusiness. "At the end of March at the time of announcing the results for 2007, we reportedthat the Company had an excellent forward order book including approximately€4.0 million of contracts for delivery in 2008 for digitalizing Greek state andparliamentary archives as well as a strong pipeline of potential futurebusiness. "Globo's current order backlog is approximately €6.7 million, up from €3.6 million at the end of 2007. Revenue growth during the first quarter of 2008 has been strong in what is traditionally the quietest period of the year. The Board has confidence in being able to deliver a good result for 2008, as a whole, based on the contracted projects together with ongoing business development and a historically strong last quarter of the year." END CONTACTS Globo plcCostis Papadimitrakopoulos, Managing Director +30 210-646-6008Dimitris Gryparis, Finance Director +30 210-646-6008 Bankside +44 20-7367-8888Simon Bloomfield or Steve Liebmann NCB Stockbrokers Limited (Nomad & Broker) +44 20-7071-5200Christopher Caldwell or Jonathan Gray About Globo GLOBO plc was admitted to AIM on 14 December 2007 having raised £3.1 million viaa placing of shares with institutional investors. 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 developingand operating broadband wired and wireless networks. It has developed to become one of the largest e-business software vendors in Greece. Globo has expanded its service offering and has developed valuable IPR assets in the form of its e-business and broadband access technologies, as well as developing proprietary software platforms using both its own in-house capabilities and the contracted services of third party technology providers. Globo purchases technology solutions and services that can be integrated into its own products. These integrated software solutions and related services are sold to private and Governmental organisations, primarily on a project basis, through sales developed directly by Globo's own personnel. In addition, Globo has a number of large corporate clients and works closely with solution providers and sales channel partners to win contracts from the Greek Government. Globo's products are used by private and public organisations that include more than 600 corporate and SME clients and more than 60 public sector clients. They are also sold through 14 value added resellers to a large number of indirect customers. Globo's direct private sector customers include Xerox, National Bank of Greece, Velti, Group Marinopoulos and the University of Brighton. Globo's public sector customers in Greece include the Ministry of Foreign Affairs, the Ministry of National Education and Religious Affairs, the Municipalities of Halandri and of Maroussi and the Hellenic parliament. Globo's e-Business platform, as well as its e-Commerce and broadband access technology products have been successfully marketed and operated in Greece, UK,Ireland, France, Belgium, Cyprus, Romania, Bulgaria, Spain and Italy. The three components of the Globo Group's key software revenue stream are outlined below: • products and services that facilitate e-business;• products and services that enable access to broadband; and• resale of third-party goods The first two product groups, the e-business and broadband access, are offered as a software licence or S.a.a.S. This information is provided by RNS The company news service from the London Stock Exchange