GBO.L Regulatory News (GBO)

GLOBO PLC

GLOBO signs major distribution agreement for

GO!Enterprise Server with ASBISC Enterprises Plc

Globo Plc (LSE: GBO) the international Mobile solutions and SaaS provider, is delighted to announce an agreement with ASBISC Enterprises PLC ("ASBISC"), (ASB.PW Warsaw SE: ASBIS), one of the leading distributors of Information Technology products into the emerging markets of Europe, Middle East and Africa, to distribute GO!Enterprise Server products in key markets. (Members of the ASBISC group are also known as "ASBIS")

This agreement is a significant development in the commercialisation of GO!Enterprise Server, with ASBIS being recognised for its broad geographical reach and as a "one-stop-shop" distributor in 86 countries.

The initial priority will be to offer enterprise mobility solutions, GO!Enterprise Office and GO!Enterprise Mobilizer, in Russia and the former Soviet Union, Poland, Hungary, Turkey and the Middle East. The agreement also incorporates a range of strategic initiatives and new business opportunities such as:

a. providing for the internal enterprise mobility needs of ASBIS by implementing and rolling out GO!Enterprise Server installations in various countries, where ASBIS operates;

b. in-house development of business apps and commercialisation by ASBIS developers using GO!Development Studio; and

c. enabling Prestigio Android tablets and smartphones as business devices with enterprise grade data security, encrypted and compressed wireless mail, access to files and other "out of the box" business apps, all through the embedded GO!Enterprise client.

ASBIS distributes IT software and hardware throughout the value chain including independent software vendors, value added resellers, assemblers, system and software integrators, retailers, and end customers for-specific products. It sells to more than 26,000 resellers and covers the needs of small business and large Enterprises.

It operates three master distribution centers located in the Czech Republic, the United Arab Emirates and China and a network of 47 in-country stock points located in 29 countries. This network supplies products to ASBIS operations and directly to its customers in 86 countries.

GLOBO's CEO Costis Papadimitrakopoulos, commented: "Globo's partnership with ASBIS is an important step in the implementation of our growth strategy to develop a significant international mobile business. Our combined expertise will also enable us to develop and commercialise new business apps, thereby generating incremental revenue opportunities. We strongly believe that, in addition to expanding Globo's international footprint, ASBIS will accelerate the profitable growth of our business customer base in key markets."

Marek Horyl, COO at ASBISC Enterprises plc added: "Globo has already established strong momentum in the enterprise mobility industry and we are excited to become a leading international partner. This agreement will enable ASBIS to better satisfy special business needs of our customer base across our markets. As an authorised distributor of GLOBO, we will benefit from being able to deliver holistic enterprise solutions on a "one-stop-shop" basis. Globo has already established strong momentum in the Enterprise Mobility industry and we are excited to join forces with such a leading international vendor as GLOBO."

Globo will issue a trading statement in respect of the six month period ended 30 June 2012 on 24 July 2012.

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About GLOBO

GLOBO PLC (LSE-AIM:GBO), is an international leader and technology innovator delivering mobile, telecom and e-business software products and services. Globo has established itself as one of the market leaders in the ICT market, offering a wide range of products and services to the corporate, public and consumer market. The Group operates internationally through subsidiaries and offices in US, UK, Europe, Middle East and South East Asia. For more information visit the company's website at www.globoplc.com

About ASBIS

ASBIS Group www.asbis.com is one of the leading distributors of Information Technology products in Europe, Middle East and Africa Emerging Markets, combining a broad geographical reach with a wide range of products distributed on a "one-stop-shop" basis. The Group distributes IT components (to assemblers, system integrators, local brands and retail) as well as A-branded finished products like desktop PCs, laptops, servers, and networking (to SMB and retail). ASBIS commenced business in 1990 in Belarus and in 1995 incorporated its holding company in Cyprus moving its headquarters to Limassol. 

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Enquiries:

GLOBO PLC www.globoplc.comCostis Papadimitrakopoulos, CEO +44 207-378-8828Dimitris Gryparis, Finance Director

Daniel Stewart & Company Plc(Nominated Adviser and Broker)Noelle Greenaway, Director, Corporate Finance +44 20-7776-6550Martin Lampshire, Head of Corporate Broking

Bankside +44 20-7367-8888Simon Bloomfield or James Irvine-Fortescue