GBO.L Regulatory News (GBO)

21 Dec 2007 07:00

Globo plc21 December 2007 FOR IMMEDIATE RELEASE FRIDAY, 21 December 2007 GLOBO plc €3.4 million contract for digitalisation of Greek state archives Globo plc ("Globo" or the "Company" ; LSE-AIM: GBO), a leader in the Informationand Communications Technology market in Greece, announces that it has signed a€3.4 million contract with the Greek Ministry of National Education & ReligiousAffairs for the digitalisation and documentation of General State Archives. Globo, through a 50:50 partnership with digitalisation service provider AMS,will provide specialised software, services and equipment for digitalising anddocumenting historical and cultural archives dealing with modern andcontemporary Greek history and culture. A total of 7.2 million documents will be digitalised and 500,000 archive unitsdocumented using digitalisation systems to be installed in over 40 local officesof General State Archives throughout Greece. The project will rely on Globosoftware products such as "CITRON Digital Library" and book scanners andmicrofilm archive writers from Zeutschel GmbH for which Globo is sole agent forGreece and Cyprus. This is a one year project with the bulk of the revenues being earned in 2008. Costis Papadimitrakopoulos, Managing Director, commented: "Globo's success in winning this high profile and significant contract builds onour existing relationship with the Ministry of National Education & ReligiousAffairs for which we have completed three other projects. It is our largestcontract to date and positions us well for other similar digitalisation projectsplanned by the Greek government. It also reflects our leading position in Greeceas a provider of end-to-end e-business and digital asset management solutions toprivate and public organisations and the continuing strong demand for ourproducts and service." 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) 20-7367-8888 Simon Bloomfield or Steve Liebmann NCB Stockbrokers Limited (Nomad & Joint Broker) +44 (0) 20 7071 5200 Jonathan Gray or Julius Bozzino Insinger de Beaufort (Joint Broker) +44 (0) 20 7190 7031Chris Theis 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 indirect customers. Globo's direct private sector customers include Xerox, National Bank ofGreece, Velti, Group Marinopoulos and the University of Brighton. Globo's publicsector customers in Greece include the Ministry of Foreign Affairs, the Ministryof National Education and Religious Affairs, the Municipalities of Halandri andof 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