eServGlobal announces new contract win

eServGlobal Limited (eServGlobal or the "Company")

eServGlobal announces new contract win

Paris: 22 April 2016

eServGlobal (LSE: ESG.L & ASX: ESV.AX), the provider of end-to-end mobile financial services to emerging markets, announces it has won a significant contract to supply its PayMobile software. This follows the announcement of a large contract made to the market on 6 April 2016. The project includes the provision of electronic recharge, voucher management and IVR (Interactive Voice Response) solutions for a mobile network operator.

The contract is valued at €6.0m over five years, with approximately €2.5m to be recognised within the current financial year. The Company maintains its guidance for FY16 which is to achieve a small EBITDA surplus for the core business with some revenue growth and a substantially lower cost base.

John Conoley, Executive Chairman, eServGlobal, said, "We have previously stated that the core business of eServGlobal would begin to recover in Q2 2016. Today's announcement shows that recovery is indeed underway. This new win also gives us confidence in the ongoing turnaround of the core business. Our improving sales process and activity is growing our pipeline and range of opportunities and should enable continued momentum throughout the rest of the year."

About eServGlobal

eServGlobal (AIM:ESG, ASX:ESV) offers mobile money solutions which put feature-rich services at the fingertips of users worldwide, covering the full spectrum of mobile financial services, mobile wallet, mobile commerce, recharge, promotions and agent management.

For more than 30 years, eServGlobal has been a source of innovation for telcos and financial institutions. Using carrier-grade, next-generation technology, eServGlobal aligns with the requirements of customers around the globe.

Together with MasterCard and BICS, eServGlobal is a joint venture partner of the HomeSend global payment hub, enabling cross-border money transfer between mobile wallets, cards, bank accounts or cash outlets from anywhere in the world.

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