GBO.L Regulatory News (GBO)

24 Jan 2008 07:01

Globo plc24 January 2008 FOR IMMEDIATE RELEASE THURSDAY, 24 January 2008 Globo plc wins contracts for €1.02 million for three Greek Chambers of Commerce Globo plc ("Globo" or the "Company"; LSE-AIM: GBO), a leader in the Informationand Communications Technology market in Greece, announces that it has signedcontracts with the Chambers of Commerce of Lakonia, Argolida and Viotia for an aggregate value of €1.02 million. Globo will develop specialised business web portals as well as B2B and B2C e-commerce platforms. These web portals and platforms will act as e-businesscentres enabling members to find business information and seek potential collaborations, as well as facilitating online transactions. The platforms willincorporate Globo software products, such as "CITRON Business Operating System"and "MarketLine E-Commerce Suite", with extensions to the Chambers' backofficesystems being provided by "SGA - G. Avramidis" (a specialised software companyfrom Thessalonica) and representing 20 per cent of the total value of thecontracts. These are one year projects with the bulk of the revenues being earned in 2008. Costis Papadimitrakopoulos, Managing Director, commented: "Globo's success in winning these significant contracts reflects the company'sexpertise and leading role in developing specialised software platforms for E-Business and E-Commerce. By enabling local enterprises and SMEs to utilise the advantages offered by Globo's software products, we believe that these projectswill contribute to the economic development of the regions concerned." 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 Found in 1997 by Konstantinos Papadimitrakopoulos and headquartered in Halandri(a suburb of Athens), AIM-listed Globo has established itself as one of themarket leaders in the Greek ICT market. It provides e-business and telecom software products and related services to the private and governmental sectorsin Greece as well as developing and operating broadband wired and wirelessnetworks. It has developed to become one of the largest e-business software vendors in Greece. 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 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 indirect customers. 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