Monday October 6, 11:05 AMPrepayment wins project with ERGOctober 6, 2003

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Subject: Monday October 6, 11:05 AMPrepayment wins project with ERGOctober 6, 2003 - 8:05PM

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picked up five cents to $1.14.-----were up 4 cents to A$1.13.

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Date Posted: Monday, October 06, 07:23:36am
In reply to: ERG/PCL 40% Yorkshire (previous to last half year 30/6/02 to the 31/12/02--it was 47.1%) 's message, "YorkshireA Regional Smartcard System for the North-East of England." on Friday, May 02, 06:20:01am

http://www.theage.com.au/articles/2003/10/06/1065292524751.html
Prepayment wins project with ERGOctober 6, 2003 - 8:05PM

An associate company of smartcard outfit ERG Ltd has won preferred supplier status for a new transit fare collection project in the United Kingdom.

ERG said Prepayment Cards Ltd (PCL) had won preferred proponent status for the fare collection project in Yorkshire.

The project, due to start in 2005, is expected to generate about $60 million in revenue from the supply of a card reading structure and a seven year operating contract.

ERG has a 47 per cent stake in PCL, which will rise to 55 per cent before the finalisation of contracts for the "Yorcard" project in Yorkshire.

When fully implemented, the Yorcard scheme will be one of the largest multi-modal, multi-operator smart card schemes in the UK, with more than 1 million cards issued.

PCL has an exclusive licence in the UK for ERG's software, which the company claims is the world's first truly multi-application processing software.

The project is an important win for ERG Group in the United Kingdom, where it is attempting to grow its portfolio of long term operating contracts.

"With the addition of the Yorcard project we expect to build our total UK card base to more than 2 million," ERG said.

The contracts are expected to be in place by the end of the year, by which time a UK government decision on funding for the project should be announced.

ERG shares picked up five cents to $1.14.

http://www.ozestock.com.au/MessageView.asp?PostID=280589&Symbol=ERG

Monday October 6, 11:05 AM

Australia ERG Gets GBP25 Mln UK Smart Card Contract
MELBOURNE (Dow Jones)--Australian smart card company ERG Ltd. (A.ERG) said Monday it was given a contract valued at about GBP25 million to set up a smart card scheme in Yorkshire, England.

The contract, awarded to ERG's Prepayment Cards Ltd. unit by the Yorcard consortium, will be finalized by the end of 2003 and is expected to roll out during 2005, the company said in a statement.

The Yorcard scheme will be one of the largest projects of its kind in the U.K. bus and train network, with more than 1 million cards issued, ERG said.

Around 0258 GMT, ERG's shares were up 4 cents to A$1.13.

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