Posts Tagged ‘AAO’

ASX Company News: Adept Solutions Experiences Strong Growth

Tuesday, January 10th, 2012

Adept Solutions Ltd (AAO) is pleased to announce that Emerchants Ltd (Emerchants) continues to experience accelerated rates of growth in all of its key metrics.

Key Performance Indicator from Dec 2010 to Dec 2011

  • New cards activated with cash load (month) increased from 58,818 to 118,060, up 101%
  • Total number of cards with balances > $0 increased from 180,901 to 342,673, up 89%
  • Stored value increased from $7,263,594 to $14,770,468, up 103%
  • Number of revenue generating transactions (month) increased from 170,048 to 328,035, up 93%

”Emerchants has developed a very strong platform from which we continue to experience very high growth rates,” Mr Browning said. “We have significantly added to the talent of the team recently across all areas of the business including sales, marketing, finance and the high calibre recruitment of Mr. Tom Cregan, from Netspend, a leading pre-paid player in the United States.”  “We believe that building such a highly talented team will result in even more impressive results in the future as the team continues to develop new products, accesses new customer segments and develops strategic alliances that will significantly accelerate our growth profile”, Mr. Browning said.

www.adeptsolutions.com.au

http://www.traderdealer.com.au/fundamentals/aao

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ASX Company News: Australasia Consolidated Secures New Contracts

Wednesday, June 22nd, 2011

Australasia Consolidated Ltd (AAO) is pleased to announce that Emerchants Ltd has secured several contracts with customers including Monadelphous, GoodStart Childcare, Cardno and City Finance. Emerchants’ contract with GoodStart Childcare represents a significant extension of an existing relationship, while the remaining contracts are with new customers for Emerchants. Under the terms of the contracts, it is expected that Emerchants will issue 40,000 new cards over the next 12 months. The new contracts follow Australasia’s recent announcement of an agreement to acquire 100% of Emerchants, a leading player in the pre-paid financial cards market in Australia. Australasia also announced a capital raising of $10 million, on which it has received firm commitments for the full amount.

”The new contracts highlight Emerchants unique combination of features and technology, as they have been secured across a range of applications including traditional areas of rewards and loyalty cards and also the growing area of corporate expense management,” Mr Browning said.

The new contracts relate to corporate expense management, gift cards and a rewards program. The rewards program provides customers with instant access to funds, point of sale rebate and the ability to offer discounts through alliance partners. Corporate expense management allows an employer to grant almost instant access to corporate expenses facilities, provides unprecedented oversight and control over expenditure, and simplifies reconciliations and accounting work. The recent launch of Emerchants’ corporate expense management application has cemented its position as the leader in the growing area of corporate expenses.

Australasia will be a financial services company that Australasia is holding an Extraordinary General Meeting for shareholders on 29 June 2011 in Perth to specialises in the pre-paid financial card market. Australasia has an agreement to acquire decide on resolutions relating to Australasia’s proposed acquisition of Emerchants and change of Emerchants, a leading provider of pre-paid financial cards in Australia. Australasia is focused on the business activities. Emerchants is a leading provider of pre-paid financial cards with a number of high profile clients.

www.australasiaconsolidated.com.au

http://www.traderdealer.com.au/Fundamentals/aao

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ASX Company News: Australasia Consolidated Secures Telechoice Contract

Sunday, May 22nd, 2011

Australasia Consolidated Limited (AAO) is pleased to announce that Emerchants Ltd has secured a major new contract with Telechoice, the largest Optus dealer in Australia. AAO recently announced an agreement to acquire 100% of Emerchants, the leading player in the pre- paid financial cards market in Australia. AAO also announced a capital raising of $10 million on which it has received broker firm commitments. Telechoice is the number one Optus dealer in Australia, offering mobile phone, internet and telecommunications products with over 300 stores located around the country. Emerchants has successfully secured a 3 year contract with Telechoice which is expected to issue over 350,000 pre- paid financial cards in the first year to form part of their Incard 24/7 program. The unique functionality of the Emerchants card will provide consumers with the ability to recharge their pre-paid mobile phones with an SMS. The flexibility of the technology also enables Telechoice to restrict the expenditure of the cards for taxi and mobile phone purposes only.

Australasia Consolidated Limited Managing Director Bob Browning was very pleased to announce contract win on behalf of Emerchants. ”This is a major development for the Emerchants business, not only because Telechoice is such a large retailer and the contract is significant in size but also because it demonstrates the unique capability of Emerchants’ technology,” Mr Browning said. “Emerchants has advanced technology in the pre-paid financial cards market and it is this technology that allows customers such as Telechoice to offer Point Of Sale (POS) and real cash promotional rebates to their customers. “Telechoice was attracted to these unique features and sees it as a very powerful promotional tool to drive sales not only in their own stores but also into their partner organizations.

Australasia has an agreement to acquire Emerchants, the market leading provider of pre-paid financial cards with 28% market share in Australia. Australasia is focused on the twin goal of delivering high quality payment systems to its customers and superior returns to its shareholders. Emerchants is Australia’s leading provider of pre-paid financial cards with a number of high profile clients including NRMA, Cabcharge, Edge Loyalty, Tru Energy, Save the Children, Bayer, Cardno, Monodelphous, ABC Learning, Palace Cinema and Harley Davidson. Emerchants has established a proven payments platform that provides customers with a unique combination of flexible payments, high levels of security and unprecedented levels of reporting and oversight. Emerchants has ‘market ready’ technology that has been established over the last 9 years that is fully scalable to support significant volume growth and is fully integrated into the EFTPOS system.

www.australasiaconsolidated.com.au

http://www.traderdealer.com.au/fundamentals/aao

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ASX Company News: Australasia Consolidated To Acquire EMerchants Ltd

Tuesday, May 10th, 2011

The Directors of Australasia Consolidated Limited (AAO) are pleased to announce the Company has reached agreement to acquire all of the issued capital in Emerchants Limited. Emerchants is a financial services company and is Australia’s largest issuer of pre-paid financial cards. Under the guidance of the advisory group and new management team the Company has made its first acquisition, subject to shareholder approval, in the financial services sector through the purchase of Emerchants. Australasia is today announcing the following including the signing of an agreement to acquire 100% of the issued capital in Emerchants, Australasia will acquire Emerchants after evaluating a number of high quality investment opportunities.

Australasia Managing Director, Bob Browning, said the acquisition delivered optimum value for both companies. “Australasia’s mission is to acquire and help grow enterprises which hold a leading edge in a strong growth market,” Mr Browning said. “Through ingenuity and design, Emerchants has built a commanding presence in the pre- paid card market in Australia. The acquisition is a win-win for our shareholders, with early stage entry with a market leader in a strong growth industry, and for Emerchants, which will benefit from the strategic management input and guidance Australasia can provide. Along with the purchase price and transaction costs, the equity capital raised will be used to invest in software development for new applications, an increased sales and marketing presence and administration and management support.

“The combination of Australasia’s management and strategic experience with the technical and marketing strength of the Emerchants team, will position the company to accelerate its growth in the pre-paid card market and invest in new organic and inorganic growth opportunities,” Mr Browning said.

The consideration payable by the Company to Emerchant shareholders (on a pre- consolidation basis) has been structured as follows: Cash – $2.5 million Payable at settlement; Shares (at $0.17) 57.5 million Issued at settlement  – $12.3 million.

www.australasiaconsolidated.com.au

http://www.traderdealer.com.au/Fundamentals/aao

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