GBO.L Regulatory News (GBO)

12 May 2008 06:00

FOR IMMEDIATE RELEASE 12 May 2008 GLOBO plc €3.9M CONTRACT FOR THE GREEK MINISTRY OF NATIONAL EDUCATION & RELIGIOUS AFFAIRS Globo plc ("Globo" or the "Company" ; LSE-AIM: GBO), a leader in the Information and Communications Technology market in Greece, announces that it has signed a €3.9 million contract with the Greek Ministry of National Education & Religious Affairs as part of a project with a total value of €5.6 million. The project, which Globo will complete in partnership with Info-Quest S.A., is for the digitalisation of approximately 15,000,000 pages of books, magazines and newspapers of the 19th and 20th centuries, in 46 Public Libraries throughout Greece, which the public will be able to access through a specially developed web portal. A central digital library and electronic data base will be created with Globo providing its specialised "CITRON Internet Server" e-business software and digitalisation services, as well as book scanners and microfilm archive writers provided by Zeutschel GmbH for which Globo is the sole agent for Greece and Cyprus. The project will be completed by the end of 2008 with all of the revenues being earned in the current year. Costis Papadimitrakopoulos, Managing Director, commented: "We are delighted to have won one of the biggest digitalisation projects ever undertaken in Greece. It proves Globo's leading position in the field of digital asset management and e-business systems and services. It is the fifth consecutive, and largest project to date, from the Ministry of National Education and Religious Affairs, demonstrating the trust that the Ministry has in Globo's products and services. The project is important to the Greek government as it will provide public access to a vast reserve of material of historical and cultural value. It also illustrates the value of Globo's relationships with partners like Info-Quest, a leading IT hardware and services Group whose skills complement Globo's software development and services expertise. "This latest contract increases Globo's current order backlog to €10.6 million, up from €3.6 million at the end of 2007." END CONTACTS Globo plc Costis Papadimitrakopoulos, Managing Director +30 210-646-6008 Dimitris Gryparis, Finance Director +30 210-646-6008 Bankside +44 20-7367-8888 Simon Bloomfield or Steve Liebmann NCB Stockbrokers Limited (Nomad & Broker) +44 20-7071-5200 Christopher Caldwell or Jonathan Gray About Globo GLOBO plc was admitted to AIM on 14 December 2007 having raised £3.1 million via a placing of shares with institutional investors. 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 vendors in Greece. Globo has expanded its service offering and has developed valuable IPR assets in the form of its e-business and broadband access technologies, as well as developing proprietary software platforms using both its own in-house capabilities and the contracted services of third party technology providers. Globo purchases technology solutions and services that can be integrated into its own products. These integrated software solutions and related services are sold to private and Governmental organisations, primarily on a project basis, through sales developed directly by Globo's own personnel. In addition, Globo has a number of large corporate clients and works closely with solution providers and sales channel partners to win contracts from the Greek Government. 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. ENDCNTZGGGKKLLGRZM