Re Contract Renewal

13 Nov 2006 07:01

Focus Solutions Group PLC13 November 2006 13 November 2006 Focus Solutions Group plc ("Focus" or "the Group") HSBC Bank plc extends contract with Focus Focus, a leading provider of adaptive software solutions, has announced that ithas extended its contract with HSBC Bank plc for the provision of consulting anddevelopment services. This initial contract, which was announced 4 August 2006 and worth £850k, hasbeen extended further by £430k, with the additional revenue payable in November2006. The HSBC contract is now generating over £200k revenue a month for theGroup. Richard Stevenson, Chief Executive, Focus Solutions Group plc added: "We are delighted that HSBC has extended its contract with Focus, demonstratingtheir commitment and accentuating the strategic value of this project to theorganisation. The bancassurance sector continues to be a prime market for Focusand one that we will continue to target in the future." -END- Enquiries: Focus Solutions Group plc01926 468300 Richard Stevenson - Chief ExecutiveMartin Clements - Finance Director Seymour Pierce Limited0207 107 8000 Mark Percy Notes to editors: About Focus Solutions Group plc Focus is an established supplier of easily configured & re-usable componentbased software & business services, which enable faster, more effective & costefficient processing of complex customer transactions. Focus has helped some of the world's leading public & private sectororganisations to successfully automate their most demanding customer processes. For further information on Focus, please visit www.focus-solutions.co.uk. This information is provided by RNS The company news service from the London Stock Exchange