26th Feb 2008 07:00
Globo plc26 February 2008 FOR IMMEDIATE RELEASE 26 February 2008 GLOBO plc €0.6M CONTRACT FOR THE PARLIAMENT OF GREECE Globo plc ("Globo" or the "Company"; LSE-AIM: GBO), a leader in the Information and Communications Technology market in Greece, announces that it has signed a €622,000 contract with the Parliament of Greece as part of a project with a total value of €1.7 million. Globo, in partnership with Info-Quest S.A. and AMS, will provide specialised software, services and equipment for digitalising and documenting newspapers, maps, books and other documents that form part of the Parliament of Greece Library. The project will use Globo's software products including 'CITRON Digital Library' together with book scanners and microfilm archive writers provided by Zeutschel GmbH for which Globo is the sole agent for Greece and Cyprus. The collection of works that will be digitalised include 70,000 book volumes andapproximately 7,000 Greek and foreign newspapers and magazines. Within the framework of this project, 10,000 rare books dating from 1471 to 1850 will also be digitalised along with rare maps, historic prototypes of the Constitutions of the Greek Nation and protocols for the oaths taken by the Kings of Greece and Presidents of the Hellenic Republic. This is a one year project with the bulk of the revenues being earned in 2008. Costis Papadimitrakopoulos, Managing Director, commented: "This interesting project will play an important role in the preservation of historical documents and works of art which have contributed so much to contemporary Greek history. It is the second major contract received by Globo in the past two months for digitalising Greek state archives and demonstrates the Company's success in this field." CONTACTS GloboBrett Miller, Non-executive Chairman +44 (0) 20-7584-3663Costis Papadimitrakopoulos, Managing Director +30 210-646-6008Dimitris Gryparis, Finance Director +30 210-646-6008 Bankside +44 (0) 20-7367-8888Steve Liebmann or Simon Bloomfield NCB Stockbrokers Limited (Nomad & Broker) +44 (0) 20 7071 5200Christopher Caldwell or Jonathan Gray About Globo Founded in 1997 by Konstantinos ("Costis") Papadimitrakopoulos and headquarteredin Halandri (a suburb of Athens), AIM-listed Globo has established itself as oneof the market leaders in the Greek ICT market. It provides e-business andtelecom software products and related services to the private and governmentalsectors in Greece as well as developing and operating broadband wired andwireless networks. It has developed to become one of the largest e-businesssoftware vendors in Greece. The three components of the Globo Group's key software revenue stream areoutlined below: • products and services that facilitate e-business; • products and services that enable access to broadband; and • resale of third-party goods. The first two of these product groups, the e-business and broadband access, areoffered under a software licence or as S.a.a.S. Globo's products are used by private and public organisations that include morethan 600 corporate and SME clients and more than 60 public sector clients. Theyare also sold through 14 value added resellers to a large number of indirectcustomers. Globo's direct private sector customers include Xerox, National Bankof Greece, Velti, Group Marinopoulos and the University of Brighton. Globo's public sector customers in Greece include the Ministry of ForeignAffairs, the Ministry of National Education and Religious Affairs, theMunicipalities of Halandri and of Maroussi and the Hellenic parliament. Globo's e-Business platform, as well as its e-Commerce and broadband accesstechnology products have been successfully marketed and operated in Greece, UK,Ireland, France, Belgium, Cyprus, Romania, Bulgaria, Spain and Italy. This information is provided by RNS The company news service from the London Stock ExchangeRelated Shares:
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