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| Subject: unrivalled in the electronic transaction market 13/1/03 | |
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Author: Intellect secures orders from Commonwealth Bank |
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Date Posted: 19:24:25 01/12/03 Sun Name: Sabretoothed Location: Melbourne, Vic Australia Date: 1/13/03 12:54:23 PM Subject: IHG - DEAL with CBA Comments: At least its getting the contracts. Keep an eye on VRL too, I heard something might be up (apart from Matrix coming in May 03') :) Intellect secures orders from Commonwealth Bank INTELLECT HOLDINGS LIMITED 2003-01-13 ASX-SIGNAL-G HOMEX - Melbourne +++++++++++++++++++++++++ Intellect (ASX:IHG) today announced that it has signed a deal with the Commonwealth Bank of Australia (CBA) to deliver new electronic transaction products and services. CBA expects this infrastructure will provide significant value to its customers as well as generating additional recurring revenue for itself and Intellect. The value of the contract is expected to exceed AUD $6 million this financial year with significant further sales and long-term transaction revenue streams following. Mr Jan de Smet, CEO of Intellect said, "Commonwealth Bank has an extensive network, providing EFTPOS infrastructure for a large number of merchants. This, combined with Intellect's solutions and experience in product development, heralds a bright future for the project. We believe that we can deliver an offer that will be unrivalled in the electronic transaction market," Jan de Smet said. MEDIA CONTACT [ Next Thread | Previous Thread | Next Message | Previous Message ] |