Wins EUR1.4m Greek Ministry of Mercantile MarineJune 2, 2008
FOR IMMEDIATE RELEASE
2 June 2008
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,
"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".
Brett Miller, Non-executive Chairman
+44 (0) 20-7584-3663
Costis Papadimitrakopoulos, Managing Director
Dimitris Gryparis, Finance Director
Simon Bloomfield or Steve
NCB Stockbrokers Limited (Nomad & Broker)
Chris Caldwell or Jonathan Gray
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
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
products and services that enable access to
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.