GBO.L Regulatory News (GBO)

8 Jan 2008 07:00

Globo plc08 January 2008 Globo plc (the "Company") Change of Adviser 8 January 2008 Globo plc announces that it has appointed NCB Stockbrokers Limited as soleBroker to the Company with immediate effect. This follows the mutual agreementbetween the Company and the Company's Joint Broker, Insinger de Beaufort, tocease to provide broking services to the Company from 4 January 2008. TheCompany and Insinger de Beaufort have also agreed to cancel the Warrant documentdated 15 November 2007 made between the Company and Insinger de Beaufort,pursuant to which the Company granted Insinger de Beaufort warrants to subscribefor 652,947 Ordinary Shares. CONTACTS GloboBrett Miller, Non-executive Director +44 (0) 20-7584-3663Costis Papadimitrakopoulos, Managing Director +30 210-646-6008 NCB Stockbrokers Limited Christopher 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 leadersin the Greek ICT market. It provides e-business and telecom software productsand related services to the private and governmental sectors in Greece as wellas developing and operating broadband wired and wireless networks. It hasdeveloped to become one of the largest e-business software vendors in Greece. Globo has expanded upon its service offering and has developed valuable IPRassets in the form of its e-business and broadband access technologies and hasalso developed proprietary software platforms using both its own in-housecapabilities and the contracted services of third party technology providers.Globo also purchases technology solutions and services that can be integratedinto its own products. These integrated software solutions and related servicesare sold to private and Governmental organisations, primarily on a projectbasis, through sales developed directly by Globo's own personnel. In addition,Globo has won contracts from large corporate clients and works closely withsolution providers and sales channel partners to win contracts from the GreekGovernment. Globo develops its own software products. Globo's development processes are ISO9001-2000 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 19contractor technicians and developers. 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'spublic sector customers in Greece include the Ministry of Foreign Affairs, theMinistry of National Education and Religious Affairs, the Municipalities ofHalandri 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. 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 product groups, the e-business and broadband access, are offeredas a software licence or S.a.a.S. This information is provided by RNS The company news service from the London Stock Exchange