GBO.L Regulatory News (GBO)

4 Mar 2008 07:01

Globo plc04 March 2008 FOR IMMEDIATE RELEASE 04 March 2008 GLOBO plc APPOINTMENT OF DR. JOSEPH COUGHLIN AS NON-EXECUTIVE DIRECTOR Globo plc ("Globo" or the "Company"; LSE-AIM: GBO), a leader in the Information and Communications Technology market in Greece, is pleased to announce the appointment of Dr. Joseph Coughlin as a non-executive Director with immediate effect. Dr. Coughlin, aged 46, is a distinguished academic with considerable businessconsultancy experience. He currently teaches at the Massachusetts Institute ofTechnology's School of Engineering on health innovation, strategic managementand public policy. Prior to joining MIT, Dr. Coughlin was with EG&G (CarlyleGroup), a Fortune 1000 science and technology company, where he led thetransportation technical services and consulting practice, serving industry andgovernment worldwide. Dr. Coughlin is also the founder and Director of MIT's AgeLab - the firstmulti-disciplinary research programme created to understand the behaviour of the45+ population and in turn providing innovative technological solutions toimprove the quality of life of older adults and their families. With his focuson technological innovation, he was recently named by the Wall Street Journal asone of the twelve pioneers shaping the way we will live, work and play in laterlife. Dr. Coughlin regularly consults on strategy and product development to a numberof firms worldwide including Ace Insurance, ACS, AARP, AstraZeneca, Bell Canada,Blue Cross - Blue Shield, BMW, British Telecom (BT), Banco Bradesco-Brasil, EDS,DaimlerChrysler, Deutsche Bank, Fidelity Investments, Gruppo Generali, Johnson &Johnson, Kohler, LPL Financial, MasterFoods, Merck JV, Motorola, Nissan, Proctor& Gamble, United Health Group, Raytheon, SwissRe, Telecom Italia Mobile andnumerous other firms and government agencies around the world. In 2005, he was appointed to the White House Conference on Aging AdvisoryCommittee by President Bush, where he served on the group's Market andTechnology Innovations subcommittee. Recently named a fellow of Switzerland'sWorld Demographic Association, Dr. Coughlin is a member of the National Academyof Sciences Steering Committee on Technology and Adaptive Aging and the board ofthe American Geriatrics Society Foundation for Healthy Aging. Previously heserved as the Chair of the Organization for Economic Cooperation & Developmentstask force on technology and transportation for older persons. He currentlyserves on a number of selected strategic Advisory Boards - including BritishTelecom, Fidelity Investments Research Institute, Everest, Healthways, PositScience and previously DaimlerChrysler's Technology Advisory Group. Costis Papadimitrakopoulos, Managing Director, commented: "We are delighted to welcome Joseph Coughlin to Globo's Board. He brings a unique mix of experience though his technological, business consultancy and government agency work. I am confident he will prove to be a valuable addition to the Company as it continues to expand its business in both the local market and internationally." CONTACTS GloboBrett Miller, Non-executive Chairman +44 (0)20-7584-3663Costis Papadimitrakopoulos, Managing Director +30 210-646-6008Dimitris Gryparis, Finance Director +30 210-646-6008 Bankside +44 (0)20-7367-8888Steve Liebmann or Simon Bloomfield NCB Stockbrokers Limited (Nomad & Broker) +44 (0)20-7071-5200Christopher Caldwell or Jonathan Gray Additional information No further disclosure is required under Paragraph (g) Schedule Two of the AIMRules with respect to Joseph F. Coughlin. About Globo Founded in 1997 by Konstantinos ("Costis") Papadimitrakopoulos and headquarteredin Halandri (a suburb of Athens), AIM-listed Globo has established itself as oneof the market leaders in the Greek ICT market. It provides e-business andtelecom software products and related services to the private and governmentalsectors in Greece as well as developing and operating broadband wired andwireless networks. It has developed to become one of the largest e-businesssoftware vendors in Greece. The three components of the Globo Group's key software revenue stream areoutlined 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 of these product groups, the e-business and broadband access, areoffered under a software licence or as S.a.a.S. Globo's products are used by private and public organisations that include morethan 600 corporate and SME clients and more than 60 public sector clients. Theyare also sold through 14 value added resellers to a large number of indirectcustomers. Globo's direct private sector customers include Xerox, National Bankof Greece, Velti, Group Marinopoulos and the University of Brighton. Globo's public sector customers in Greece include the Ministry of ForeignAffairs, the Ministry of National Education and Religious Affairs, theMunicipalities of Halandri and of Maroussi and the Hellenic parliament. Globo's e-Business platform, as well as its e-Commerce and broadband accesstechnology products have been successfully marketed and operated in Greece, UK,Ireland, France, Belgium, Cyprus, Romania, Bulgaria, Spain and Italy. This information is provided by RNS The company news service from the London Stock Exchange