Re Contract with HSBC

27 Nov 2006 07:01

Focus Solutions Group PLC27 November 2006 Focus Solutions Group plc ("Focus" or "the Group") Focus signs £6 million contract with HSBC Bank plc Focus, a leading provider of adaptive software solutions, has signed a £6million contract with HSBC Bank plc for the development and supply of the firstphase of a large-scale, multi-channel point of sale system, to support HSBC'smulti-tie distribution channel for life, pensions and investment products. The majority of the contract value will be payable within the next 18 months andrelates to the first major phase of a two phase programme. The full contract was awarded to Focus following its successful delivery of adevelopment and consultancy project to scope the requirements for this majorproject for HSBC, earlier in the year. Richard Stevenson, Chief Executive, Focus Solutions Group plc added: "This contract with HSBC is Focus' largest bancassurance win to date and we areextremely proud to have such a prestigious banking organisation as a customer.This is our second major contract with a large high street bank and we aredeveloping a strong market position in the fast growing bancassurance sector. Wehave a proven delivery capability in this market and with contracts ofsignificant size, see it as a key growth opportunity for the organisation in thefuture." -END- Enquiries: Focus Solutions Group plc01926 468300 Richard Stevenson - Chief ExecutiveMartin Clements - Finance Director Seymour Pierce Limited 0207 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