eServGlobal Limited eServGlobal wins new contract in West Africa
May 04 2016 - 8:21AM
RNS Non-Regulatory
TIDMESG
eServGlobal Limited
04 May 2016
eServGlobal Limited (eServGlobal or the "Company")
eServGlobal announces new contract win in West Africa
Paris: 4 May 2016
eServGlobal (LSE: ESG.L & ASX: ESV.AX), the provider of
end-to-end mobile financial services to emerging markets, announces
it has won a contract to supply its PayMobile software to a service
provider in West Africa. The total contract is valued at EUR1.6m
over 2 years, with approximately EUR1.1m to be recognised within
the current financial year. The Company maintains its guidance for
FY16 which is to achieve a small EBITDA surplus for the core
business with some revenue growth and a substantially lower cost
base.
John Conoley, Executive Chairman, eServGlobal, said, "This is
further confirmation that a recovery in the sales engine of our
Company is now underway. The efforts undertaken across our business
throughout the last 6 to 12 months are now coming to fruition."
About eServGlobal
eServGlobal (AIM:ESG, ASX:ESV) offers mobile money solutions
which put feature-rich services at the fingertips of users
worldwide, covering the full spectrum of mobile financial services,
mobile wallet, mobile commerce, recharge, promotions and agent
management.
For more than 30 years, eServGlobal has been a source of
innovation for telcos and financial institutions. Using
carrier-grade, next-generation technology, eServGlobal aligns with
the requirements of customers around the globe.
Together with MasterCard and BICS, eServGlobal is a joint
venture partner of the HomeSend global payment hub, enabling
cross-border money transfer between mobile wallets, cards, bank
accounts or cash outlets from anywhere in the world.
For further information, please contact:
eServGlobal www.eservglobal.com
Alison Cheek, VP Corporate Communications T: +33 (0)1 4612
7746
finnCap Limited (Nomad and Broker) www.finnCap.com
Jonny Franklin-Adams / Carl Holmes T: +44 (0) 20 7220
0500
Alma PR (Financial Public Relations) www.almapr.co.uk
Josh Royston / Hilary Buchanan T: +44 (0) 208 004
/ John Coles 4218
This information is provided by RNS
The company news service from the London Stock Exchange
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