2nd Jun 2008 07:00
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FOR IMMEDIATE RELEASE |
2 June 2008 |
GLOBO plc
Wins € 1.4 million contract with the Greek Ministry of Mercantile Marine
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 €1.4 million contract with the Greek Ministry of Mercantile Marine (the "Ministry") as part of a project with a total value of €2.2 million.
The project, which Globo will complete in partnership with Bull Integrated Solutions S.A., is for the visual filing and digitalisation of specialised archives. It includes the conversion of hand-written material into a digital format for transfer to a central data base which will be linked to other data bases and software applications already used by the Ministry.
It is anticipated that the project will be completed by the end of 2008 with all of the revenues being earned in the current year.
Costis Papadimitrakopoulos, Managing Director, commented:
"This new project is of great consequence for the Ministry as it will digitalise naval personnel files, ships' registries and Hellenic Coastguard files. As a result, the Ministry will improve both its operations and the quality of the services it provides to the public. Significantly, as a result of the project, important materials will have been preserved for the Greek Mercantile Marine".
END
CONTACTS
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Globo plc |
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Brett Miller, Non-executive Chairman |
+44 (0) 20-7584-3663 |
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Costis Papadimitrakopoulos, Managing Director |
+30 210-646-6008 |
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Dimitris Gryparis, Finance Director |
+30 210-646-6008 |
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Bankside |
+44 20-7367-8888 |
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Simon Bloomfield or Steve Liebmann |
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NCB Stockbrokers Limited (Nomad & Broker) |
+44 20-7071-5200 |
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Chris Caldwell or Jonathan Gray |
About Globo
GLOBO plc was admitted to AIM on 14 December 2007 having raised £3.1 million via a placing of shares with institutional investors. Founded in 1997 by Konstantinos Papadimitrakopoulos and headquartered in Halandri (a suburb of Athens), Globo has established itself as one of the market leaders in the Greek ICT market. It provides e-business and telecom software products and related services to the private and governmental sectors in Greece as well as developing and operating broadband wired and wireless networks. It has developed to become one of the largest e-business software vendors in Greece.
Globo has expanded upon its service offering and has developed valuable IPR assets in the form of its e-business and broadband access technologies and has also developed proprietary software platforms using both its own in-house capabilities and the contracted services of third party technology providers.
Globo also purchases technology solutions and services that can be integrated into its own products. These integrated software solutions and related services are sold to private and Governmental organisations, primarily on a project basis, through sales developed directly by Globo's own personnel. In addition, Globo has won contracts from large corporate clients and works closely with solution providers and sales channel partners to win contracts from the Greek Government.
Globo develops its own software products. Globo's development processes are ISO 9001-2000 certified and a group of 11 skilled developers are engaged in the production, maintenance and support of the software products. Additionally, Globo tailors its products to clients' needs using an additional team of 19 contractor technicians and developers.
Globo's products are used by private and public organisations that include more than 600 corporate and SME clients and more than 60 public sector clients. They are also sold through 14 value added resellers to a large number of indirect customers. Globo's direct private sector customers include Xerox, National Bank of Greece, Velti, Group Marinopoulos and the University of Brighton.
Globo's public sector customers in Greece include the Ministry of Foreign Affairs, the Ministry of National Education and Religious Affairs, the Municipalities of Halandri and of Maroussi and the Hellenic parliament.
Globo's e-Business platform, as well as its e-Commerce and broadband access technology products have been successfully marketed and operated in Greece, UK, Ireland, France, Belgium, Cyprus, Romania, Bulgaria, Spain and Italy.
The three components of the Globo Group's key software revenue stream are outlined 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 product groups, the e-business and broadband access, are offered as a software licence or S.a.a.S.
Related Shares:
GBO.L