New Greek Parliament contractFebruary 26, 2008
26 February 2008
FOR IMMEDIATE RELEASE 26 February 2008
€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
The collection of works that will be digitalised include 70,000 book volumes and
approximately 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historical documents and works of art which have contributed so much to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."
Brett Miller, Non-executive Chairman +44 (0) 20-7584-3663
Costis Papadimitrakopoulos, Managing Director +30 210-646-6008
Dimitris Gryparis, Finance Director +30 210-646-6008
Bankside +44 (0) 20-7367-8888
Steve Liebmann or Simon Bloomfield
NCB Stockbrokers Limited (Nomad & Broker) +44 (0) 20 7071 5200
Christopher Caldwell or Jonathan Gray
Founded in 1997 by Konstantinos ("Costis") Papadimitrakopoulos and headquartered
in Halandri (a suburb of Athens), AIM-listed 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.
The three components of the Globo Group’s key software revenue stream are
• 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, are
offered under a software licence or as S.a.a.S.
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.
This information is provided by RNS
The company news service from the London Stock Exchange