GBO.L Regulatory News (GBO)

9 Jan 2008 14:45

Globo plc09 January 2008 Globo plc (the 'Company') Change of Accounting Reference Date 9 January 2008 Globo plc announces that it has today changed its accounting reference date from30 June to 31 December in order to align its reference date with its subsidiary Globo Technologies S.A. The next publication of results for the Company which will cover the shortened period to 31 December 2007 shall be announced prior to 31 March 2008. CONTACTS GloboBrett Miller, Non-executive Director +44 (0) 20-7584-3663Costis Papadimitrakopoulos, Managing Director +30 210-646-6008 NCB Stockbrokers LimitedChristopher Caldwell or Jonathan Gray +44 (0) 20 7071 5200 About Globo GLOBO plc was admitted to AIM on 14 December 2007 having raised £3.1 million viaa placing of shares with institutional investors. Found 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 vendors in Greece. Globo has expanded upon its service offering and has developed valuable IPR assets in the form of its e-business and broadband access technologies and has also developed proprietary software platforms using both its own in-house capabilities and the contracted services of third party technology providers.Globo also purchases technology solutions and services that can be integrated into its own products. These integrated software solutions and related servicesare sold to private and Governmental organisations, primarily on a project basis, through sales developed directly by Globo's own personnel. In addition, Globo has won contracts from large corporate clients and works closely with solution providers and sales channel partners to win contracts from the Greek Government. Globo develops its own software products. Globo's development processes are ISO 9001-2000 certified and a group of 11 skilled developers are engaged in theproduction, maintenance and support of the software products. Additionally, Globo tailors its products to clients' needs using an additional team of 19 contractortechnicians and developers. 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