GBO.L Regulatory News (GBO)

27 Jan 2010 07:00



GLOBO plc

CITRONGO! CONTRACT WITH A MULTI-MILLION

 SUBSCRIBERS MOBILE NETWORK OPERATOR  

Globo plc ("Globo" or "the Group"; LSE-AIM: GBO), the international IT, S.a.a.S and mobile solutions group, is delighted to announce that it has entered into a contract for the provision of its mobile CitronGO! suite to one of the largest mobile network operators (the "Network Operator") in South East Asia, with approximately 85 million subscribers.

CitronGO! is expected to be launched later this month. Globo will provide CitronGO! as Software as a Service (S.a.a.S) and will receive a net monthly fee of €1.20 to €2.10 (depending on subscription plan) per customer that subscribes to CitronGO!.

CitronGO! will be marketed by the Network Operator through a number of channels, including targeted SMS messaging to its base of users with mobile internet subscriptions as well as to its general subscriber base via its Interactive Voice Response platform. Further marketing initiatives are anticipated.

Initial revenue generation is expected to commence during the first half of the current year with a progressive build-up as the year progresses and beyond.

The contract is for an initial two year period with automatic renewal thereafter. 

Costis Papadimitrakopoulos, CEO, commented:

"We are delighted to announce our first major contract for CitronGO! with one of the largest mobile network operators in South East Asia. 

"This contract sets a major starting point for Globo's international expansion. Furthermore it represents a significant and independent validation of our product offering at a time when the group is engaged in ongoing negotiations with mobile network operators in several countries worldwide. We look forward to reporting further developments."

Ends

Note to editors:

CitronGO! redefines mobility in communication and is an open, 'cloud', mobile communications platform solution which enables users to interact with multiple services including e-mail, contacts, calendar and social networking at any time, any place and using any connected device. CitronGO! has been developed from Globo's existing e-business, communications and SaaS proprietary technologies. The key features include:

- push email, contacts, calendars supporting all major providers

- instant messaging (supporting the major I.M. providers)

- File and folders web storage 'cloud'

- Social networking accounts (supporting the major social networks)

CONTACTS

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.