Trimphant Lch/ProtonUSA PWI control15/3/02 - Superdog7

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Date Posted: 14:08:14 02/28/03 Fri
Author: RE: Trimphant Lch/ProtonUSA PWI control15/3/02
Subject: Trimphant Lch/ProtonUSA PWI control15/3/02 - Superdog7 -

viking116 (ID#: 399317) MEPSTriumphant Launch Sdn BHD 100% 15/3-ERG 21/10/02 12:48:11 AM 5634256
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http://www.aesprodata.com.au/about/partners/triumphant.htm
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Triumphant Launch, the joint venture company of ERG, Proton World and Motorola, is assisting the Proton licensee in Malaysia, Malaysian Electronic Payment System (MEPS), to further develop and implement Malaysia's flagship smart card application in the banking and government sectors. During 2001, MEPS will begin rolling out smart cards with debit, electronic purse and automatic teller capabilities. Over the next three years 10 million banking cards will be progressively rolled out beginning with Kuala Lumpar.
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The first of 22 million government cards will also be issued by the end of 2001. These cards will be personalised and will replace the cardholder's existing driver's licence and ID card. The cards will contain information such as details of the cardholder's health fund and will also have electronic purse capabilities.
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http://www.meps.com.my/about/about.htm
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ABOUT MEPS
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Malaysian Electronic Payment System (1997) Sdn Bhd, or MEPS, was incorporated on December 1996. MEPS is owned by a consortium of local financial institutions.
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The rapid development of smart technology and the increasing importance of electronic banking in the financial services industry have spurred the growth of information technology within the industry.
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From an initial role of providing the nationwide shared ATM network, MEPS has spearheaded the e-commerce initiative for the financial services industry in Malaysia. MEPS' Nationwide Payment and Clearing System (NPCS) is the backbone of low value, high volume payments, in this country. We are responsible for the implementation of strategic national projects such as the Secure Electronic Transaction (SET) Payment Gateway, Electronic Purse Smart Card (MEPS CASH), Payment Multi Purpose Card (PMPC) and Interbank Giro (IBG).
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MEPS is now poised to adopt broader roles in obtaining a network of businesses that would focus on payments and non-payments services. We are also committed towards fulfilling our role as a leader in smart technology. MEPS will continuously strive to set new benchmarks and achieve international standards in electronic payment systems
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Triumphant Launch Sdn. Bhd a 100% controlled entity ERG Group 15/3/02
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Message Thread:
Triumphant Launch Sdn BHD 100% 15/3-ERG - 16th1015Nov55 - 20/10/02 9:16:43 PM
> MEPSTriumphant Launch Sdn BHD 100% 15/3-ERG - viking116 - 21/10/02 12:48:11 AM

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Superdog7 (ID#: 418620) Trimphant Lch/ProtonUSA PWI control15/3/02 20/10/02 6:26:16 PM 5634135
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When the entity acquired 90% of Proton on the 15th of March 2002 through the acquisition of Proton it also purchased the remainder of Triumphant Launch SDN BHD for it was previously equally owned by Proton World America's Inc (a wholly owned subsidiary of PWI (Proton World International) and the consolidated entity (ERG Group)
The operating results of these newly controlled entities have been included in the statement of financial performance since the date of acquisition.
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In relation to Triumphant Launch SDN BHD----only 3 months of 100% of the revenues were reflected in the last financial reporting period---30/6/2001 to 30/6/2002---when next reporting on or around March 11th 2003 (going on last years release)--a full six months of Triumphant Launches revenues will be included--for the period 30/6/2002 to the 31/12/2002--as will Proton--and the wholly owned subsidiary of PWI Proton America's so anything those respective controlled entities do from now on--is reflected in the Groups accounts 100% of it--not a percentage as was previously the case when they were associated entities rather than controlled.
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http://www.aspectfinancial.com.au/asxpdf/20021001/pdf/00319648.pdf

Message Thread:
> Trimphant Lch/ProtonUSA PWI control15/3/02 - Superdog7 - 20/10/02 6:26:16 PM
RE: Trimphant Lch/ProtonUSA PWI control15/3/02 - 16th1015Nov55 - 20/10/02 8:57:11 PM

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16th1015Nov55 (ID#: 418289) RE: Trimphant Lch/ProtonUSA PWI control15/3/02 20/10/02 8:57:11 PM 5634168
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http://www.nikkeibp.com/nea/nov98/napnov/malay.html
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Julian Matthews, Kuala Lumpur Banks to LaunchE-Purse Pilot in January 1999
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Six local banks will launch a commercial pilot for an electronic purse system in January, the first of its kind in the country.
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The system uses reloadable chip-based cards which are the forerunners to the national multipurpose card the government plans to rollout as part of its Multimedia Super Corridor (MSC) project.
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Based on Proton Card
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The technology for the system is based on Proton e-purse technology, developed by Banksys SA (www.banksys.be) of Belgium, and is one of the most broadly used in the world with 30 million cards in circulation accepted in 15 countries.
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"The advantage of the e-purse card is that it replaces conventional cash, especially for small value transactions, which a credit card cannot do," said Danny Vanhoutte, general manager of Triumphant Launch Sdn Bhd, the local representative company for Proton technology.
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He said the system also allowed merchants the convenience of uploading their payment collections via the telephone through a secure transaction system.
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Vanhoutte said the banks will issue about 300,000 reloadable cards with ceiling value of 500 ringgit each.
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The cards can be reloaded at automated teller machines (ATM), service counters, stand-alone public kiosks, and also through mobile handphones.
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Vanhoutte said a technical test for the e-purse cards introduced during the recent 16th Commonwealth Games held in Kuala Lumpur in September was a success.
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Last year, Triumphant Launch, together with local partners, successfully bid to use Proton technology for the electronic cash function of the proposed national multipurpose cards.
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In February, the company was also chosen to do the National Payment and Clearing System for the multipurpose cards by the Malaysian Electronic Payment System (MEPS), a consortium of local financial institutions.
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The government has taken a two-card approach for its plan to issue a multipurpose card to every citizen.
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The payment card will be for debit, credit and automated teller machine (ATM) transactions, while a government card will be used for identification, as well as a driving license, health card and immigration card. Both cards will use Proton technology for its e-cash functions. The objective is to eventually migrate all individual applications onto a single card.
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Vanhoutte said the company and its local partners are also bidding to manage and operate the other applications on the payment card.
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A commercial pilot of the payment card is scheduled for July next year with the national roll-out set for January 2000.
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Triumphant Launch is jointly
owned by Proton World International SA (PWI) (50%) ( www.protonworld.com), Australian smartcard developer ERG Card SystemsLtd(45%) www.erg.com.au) and US-based Motorola Inc (5%) ( www.mot.com).

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Note.
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Now 100% owned By The ERG Consolidated Group--both PWI and Triumphant Launch--the above announcement from 1999.
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Note.
Demand for smartcards in the Asia region--September 2002.
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Message Thread:
Trimphant Lch/ProtonUSA PWI control15/3/02 - Superdog7 - 20/10/02 6:26:16 PM
> RE: Trimphant Lch/ProtonUSA PWI control15/3/02 - 16th1015Nov55 - 20/10/02 8:57:11 PM

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