WTG.L Regulatory News (WTG)

RNS Release Embargoed until 07.00am on Wednesday 7 December 2011

Quindell Portfolio Plc

("Quindell" or the "Group")

Major Contract Wins

Quindell Portfolio Plc (AIM: QPP.L), the brand extension company, is pleased to announce that the Group has won a series of major contracts with established brands within the telecoms, utilities, on-line education and insurance sectors for both its technology enabled business process outsourcing division and software solutions division.

Utility Watch, one of the Group's subsidiaries and part of its Business Advisory Service brand has a strong tradition of working with the government, including the National Probation Service bodies for the provision of gas and electric and has recently been working with O2 on brand extension for fixed line telecoms into these areas. Contracts with three Probation Service Trusts have recently been signed, and work is ongoing with the remaining 21 trusts that are currently clients of Utility Watch on their telecoms renewals.

The Group has also recently received confirmation that it has obtained government funding for training, to be earned by Quindell as click fee income, in the region of £300,000 predominantly during the first half of 2012 as part of the Group's brand extension consultancy services.

Finally, the Group has continued to sign major brands with large SME customer bases for a combination of products to be brand extended including telecoms, insurance and utility services, the most significant of which, during the seven weeks since the Group's last announcement on contract wins, is for an organisation representing the combined buying group of approximately 20,000 schools across the UK.

The Board of Quindell believes that, in aggregate, these contract wins could contribute over £3 million of annual revenues.

Rob Terry, Chairman & Chief Executive of Quindell said: "I am delighted to be able to announce these new contract wins, which should be at least as significant as those announced by Quindell on 17th October 2011. The Group is in advanced negotiations on additional potential contract wins as well as continuing to explore small acquisitions as part of our aggressive growth strategy and I look forward to further positive news flow before the year end."

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Notes to Editors:

About Quindell Portfolio Plc

Quindell, the Brand Extension Company, helps its clients, investments and partners to utilise their brands, enabling them to achieve greater sales, extend the brand into new product offerings and take advantage of alternative routes to market including white labeling, franchising and using broker and agency channels.

Quindell also provides clients with its cloud based technology to deliver the necessary framework to support the online, office and field based sales and service expectations of both its clients and their customers in an efficient and cost effective manner.

In addition to extending the customer wallet share of its clients' brands, Quindell's solutions are focused on generating improvements in efficiency and effectiveness for all of its clients, and savings of over 20% against industry norms are targeted. 

The Group's consultancy arm drives the business transformation of its clients, and is supported by its leading edge technology, technology enabled outsourcing, membership schemes, social media and e-commerce with out of the box implementations.

The Group currently works with more than 1,800 companies from SMEs to national and international brands around the globe, and its solutions are applied in the following sectors and their related supply chains: 

·; Technology, Telecommunications and Utilities

·; Finance, Insurance and Legal Services

·; Leisure, Retail and E-commerce

·; Education

Quindell Portfolio joined the market through Mission Capital plc. The Group was readmitted to the market on 17 May 2011 following the Company's acquisition of the whole of the issued share capital of Quindell Limited. On 18 July, the Company was renamed Quindell Portfolio Plc.

For further information, please visit www.quindell.com 

ENDS