5th Jan 2017 09:05
BOS GLOBAL Holdings Limited
ACN 009 087 852
AIM Release
5 January 2017
Sale of Non-Core Assets - Hostisme IP Update
BOS GLOBAL Holdings Limited ("BOS" or "the Company") (AIM: BOS), the software company focused on creating enterprise productivity solutions for the global workforce market, is pleased to provide the following updates to its sale of Hostisme Intellectual Property ('IP')
The Company advises it has completed the IP Assignment of its Hostisme hospitality software prototype which is non-core to the Company's activities on 30th December 2016. As part of the completion, the Company received the initial consideration of USD10,000 on 30th December 2016. In addition to the initial consideration, the Company is entitled to 5% of each year's Earnings Before Interest, Tax, Depreciation and Amortisation (EBITDA).
After the sale, the Company signed a 12-month software development contract for its India Software Development Centre and received in advance USD9,000 on 30th December 2016 for services to be delivered in January 2017. The minimum contract value for such software development services is USD120,000.
The Company's focus continues to be its BOS360 Work Patterns system of software products and related services. The Company's objective is to achieve operating profitability during 2017, remain debt free and retain a surplus cash reserve to enable acquisition opportunities to be pursued.
For further information please visit www.bosglobal.com or contact:
Michael Travia Managing Director | BOS GLOBAL Holdings Limited | Tel: +61 (0) 8 9322 4071 |
Oliver Morse NOMAD | RFC Ambrian Limited | Tel: +61 (0) 8 9480 2500 |
Charles Goodfellow / Lucy Williams Joint Broker | Peterhouse Corporate Finance Limited | Tel: +44 (0) 20 7220 9791 |
Elisabeth Cowell / Charlotte Page Financial PR | St Brides Partners Ltd | Tel: +44 (0) 20 7236 1177 |
About BOS GLOBAL
BOS GLOBAL is a software company focused on creating enterprise productivity solutions for the global workforce market. It does this through a blend of business process automation, intelligence gathering and advanced analytics to drive efficient business practices and workplace engagement.
The Company is currently developing the BOS360 Work Patterns Platform based upon its existing and international patent pending research and development, and to provide businesses with a comprehensive platform through which they can capture, manage and measure efficiency in real time at the individual, team and organisational level.
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