Posts Tagged ‘SIT’

ASX Company News: Site Group Awarded Phillipine’s Training Contract

Thursday, September 6th, 2012

Site Group International Limited (SIT) announced that the company had been awarded a multi-year contract to provide training and assessment services to the Malampaya Deep-water Gas-to-Power project operated by Shell Philippines Exploration B.V on behalf of Joint Venture (JV) partners Chevron Malampaya LLC and the Philippine National Oil Company-Exploration Corporation. The Directors are pleased to further advise that all contract details have now been finalised, the operational readiness review by Shell Philippines successfully completed, onsite assessment services have commenced and that the training services will begin in the week commencing 10 September. Since the award of the contract in early July Site has been readying the Clark facility to deliver the training and assessment services. This has involved customising an area of the Clark facilities to meet the requirements of the client including co-branding of the facilities, renewing all of the safety processes and signage and installing purpose built training equipment. In addition Site has identified and mobilised specialised trainers and assessors as well as support staff that will deliver the services.

Commenting on the contract’s progress, Site’s CEO and Managing Director Vernon Wills said: “This has been an intensive period of activity for the team at our Clark facility. Under the leadership of General Manager Chris Gittens and our GM – Major Projects Shane O’Sullivan we have worked around the clock to meet the deadline for the operational readiness audit. It is pleasing that the team have delivered a first class result in spite of the extensive delays associated with the severe flooding that impacted Manila and the surrounding area.

The multi-year contract with the Malampaya Deepwater Gas-to-Power Project is for delivery of training and assessment services. The majority of the services will be delivered at Site’s Clark training facility in the Philippines. In addition, there will also be a component of on-site assessment at fabrication yards used by the project. In the initial year of the contract, Site will be training and assessing up to 800 employees and contractors of the Malampaya Phase 2 and 3 projects with subsequent years expected to result in the training of around 500 people per year.

www.site.edu.au

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Share Purchase Plan: Site International

Thursday, June 28th, 2012

Site International (SIT) announced on the 27/6/2012 that they would be conducting a Share Purchase Plan to raise additional capital. The record date was the 26/6/2012 on which shareholders must own the share to participate in the SPP. The closing date is 20/7/2012. Shares will be issued on 27/7/2012 and begin trading on 30/7/2012.   A maximum of $15,000 can be purchased by each shareholder at $0.12.

Discount :  14.3% Liquidity : Poor  Profitability : Poor  Stability : Poor

www.sitegroupinternational.com

*Note: Discount is based on the closing price on the 27 June 2012

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ASX Company News: Site Group To Provide Training To Monark Foundation

Friday, January 13th, 2012

The Directors of Site Group International (SIT) are pleased to announce the execution of a training agreement with Monark Foundation Institute (MFI), part of the Monark Group. The agreement with Monark Group, the official suppliers of Caterpillar equipment in the Philippines, will greatly enhance the heavy diesel training capability of Site for their clients. The training agreement provides that Monark will supply Caterpillar diagnostic equipment and heavy machinery for use by Site in the provision of accredited training. In return Site will renovate several buildings for use by Monark. Monark and Site will jointly commission a pilot marketing program to test market demand for these training facilities.

The Training Agreement details services and investment which will form part of the agreement between Site and MFI for the provision of Heavy Diesel skills training. Site Group International:  30,000m2 expandable area for use -  6-8 bay undercover workshop area; Workshop hard stand area – Expandable hard stand area for rental equipment; Five fully renovated buildings that can be utilised for specialised component; Trainee accommodation, meals and repair, diagnostic, training and/or facility use; Training project management; Training personnel available for training, live diagnostic Marketing and workforce planning testing and operator training; Separate entrances for rental and training equipment.

Commenting on the agreement, Site Group Chairman Vernon Wills said: “This training agreement signed with Monark significantly enhances the capability of Site to deliver offshore training for skilled individuals on behalf of clients.” “Our objective is to ensure industries in Australia and Asia have the capacity to train sufficient numbers of trade specialists, required for a growing number of resource projects, where necessary skilled labour is desperately needed.” “This partnership is a milestone move by Monark and Site to provide heavy equipment users with a continual supply of skilled trades technicians in line with their long term workforce planning requirements.”

Monark Equipment Corporation is the Caterpillar dealer for the Philippines, principally involved in Sales and Repair of Caterpillar Equipment and is located throughout the Philippines The Monark Foundation Institute is a non-profit organisation that serves as the training arm of the dealership which trains selected candidates in the servicing and repair of CAT equipment. Monark Foundation also trains in technical, behavioural, and operator usage.

Site Group International (SIT) delivers employee tailored, non-accredited and Australian accredited vocational education and training with workforce planning solutions. Vocational training is delivered through dedicated facilities in the Philippines (Clark Education City) and in Adelaide (Site Academy). Workforce planning solutions are delivered by Site WorkReady – the recruitment

leg of the Site Group of companies. Site up-skills and trains industry experienced candidates in the Mining & processing, oil & gas, construction, camp services, hospitality and logistic sectors before placing them with the appropriate employer groups. Qualification delivered include welding and boiler makers, heavy diesel fitters, auto-mechanical and air conditioning split-systems technicians aged care and caretakers, commercial cookery, sou and patisserie chefs, front of house service givers and back of house maintenance staff.

www.sitegroupinternational.com

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

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ASX Company News: Site Group International Acquires Sun Coast Training and Accreditation

Friday, November 18th, 2011

The Directors of Site Group International (SIT) are pleased to announce the completion of the acquisition of Sun Coast Training and Accreditation. Sun Coast is a profitable, fully operational, Registered Training Organisation based in South East Queensland which has a scope of fifty four items consisting of twenty two qualifications and six accredited courses which have twenty six units attached to them and has recently added scope for the mining and horticulture areas. Sun Coast is equipped as a ‘one stop shop’ training facility, complete with earthmoving machines, scaffolding and a Potain 14B Self-Erecting Tower Crane. Site holds an RTO licence in its own right through Site Education Australia and via the acquisition of Sun Coast, will be applying for additional scope through its fully owned subsidiary Site Skills Group Pty Ltd. Site intends to use this acquisition as the basis to extend its capacity as a full suite provider of training and workforce planning solutions.

The business has been acquired for $1,000,000 and 500,000 Site shares which will be issued at market price. The acquisition includes $400,000 in assets which facilitate the training and operation of the business. Speaking on the acquisition, Executive Chairman Vern Wills stated “this key acquisition falls in line with our greater long-term business strategy to increase our scope so to be able to offer a wide range of assessment, training and up-skilling. This will allow Site to service skills shortage areas in the mining processing, oil & gas, construction, camp services, logistics and hospitality sectors for projects in Australia and around the world.”

Founded in 2006, Sun Coast Training and Accreditation was one of the first RTOs in Queensland licensed to deliver a variety of courses including Dogging, Load shifting, Rigging, Scaffolding and Self Erecting Tower Crane as well as the full range of Cranes with National Licensing outcomes. Works Manager at various Queensland Shire Councils. His experience extends to work on multiple civil projects landing him with numerous industry and government contacts. Site Group International (SIT) accredited and non-accredited training programs tailored to employer needs.. Vocational training is delivered through high quality facilities in the Philippines (Clark Education City) and in Australia (Site Skills Group and Site Academy). Site assesses and up-skills and trains industry experienced candidates in the Mining & processing, oil & gas, construction, camp services, hospitality and logistic sectors before placing them with the appropriate employer groups. Some qualifications delivered include; welding and boiler making, heavy diesel fitters, auto-mechanical and air conditioning split-systems technicians.

www.sitegroupinternational.com

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

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ASX Company News: Site Group International To Provide Welding Training

Tuesday, August 9th, 2011

Site Group International (SIT) is pleased to announce it has entered into a services agreement with TWISEA for the provision of specialist welding, NDT (non-destructive testing) training and certification services. This agreement provides Site with additional scope in training, up-skilling and providing certification. Of key significance to Site, under this agreement Site will gain important scope and expertise in providing Welding training. Under the agreement Site and TWI will jointly provide TWI product through Site’s training facilities.

Chairman of Site Group International, Vern Wills stated “Combining TWI’s industry leading courses and certification and Site’s capacity and expertise in delivering skilled training is a value adding commercial partnership.” “Site is pleased to be delivering this new scope in an area of training which is of key importance to the skill shortage which continues to materialise. The TWI product is industry leading and its certification is well recognised globally.” “This agreement should materially benefit both TWISEA and Site as an expansion of services to the client base of Site Group and its associates.”

TWI has offered training and examinations in South East Asia for many years and is the industry leader in welding, welding inspection and both advanced and conventional NDT training and certification. TWI also has a range of allied courses in structural integrity, fitness for service, plant assessment, etc. Site Group International (SIT) delivers employee tailored, non-accredited and Australian accredited vocational education and training with workforce planning solutions. Site Group International is an emerging Australian company with a strategic business model run by an experienced board and management team.

www.sitegroupinternational.com

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

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ASX Company News: Site Group Enters Partnership With Melbourne University

Sunday, July 10th, 2011

Site Group International (SIT) is pleased to announce the signing of a partnership with Melbourne-based Swinburne University of Technology for the delivery of the UniLink pathway program at Clark Education City. Renowned for teaching quality and graduate satisfaction, Swinburne ranks in the top 500 research universities in the world according to the Shanghai Jiao Tong Ranking of World Universities. The partnership will give Site access to the growing international student pathway market into Australia. After successful completion of the eight month UniLink Diploma at Clark, students will obtain guaranteed credit into a bachelor degree at one of Swinburne’s Melbourne campuses, or its branch campus in Sarawak, Malaysia. This new program will allow international students to spend part of their studies in the Philippines, where Clark Education City will offer the Swinburne courses at the safe, fully English speaking campus at an affordable price.

Vern Wills, Chairman of Site, said: “The partnership allows students to spend time adjusting to the Australian education environment in the Philippines before moving to their degree studies – a unique global education experience. There is great interest from our recruitment networks in markets including China, Vietnam and Indonesia and this product complements our current English and vocational offerings.” With over 10 years success at Swinburne’s Melbourne campuses, the UniLink Diploma program offers smaller class sizes, additional language support and course content designed to prepare international students for success at bachelor level study.

Site Group International (SIT) delivers employee tailored, non-accredited and Australian accredited

vocational education and training with workforce planning solutions. Vocational training is delivered through dedicated facilities in the Philippines (Clark Education City) and in Adelaide (Site Academy). Workforce planning solutions are delivered by Site WorkReady – the recruitment leg of the Site Group of companies. Site up-skills and trains industry experienced candidates in the mining and construction services, hospitality and healthcare industries before placing them with the appropriate employer groups. Qualification delivered include welding and boiler makers, heavy diesel fitters, auto-mechanical and air conditioning split-systems technicians aged care and caretakers, commercial cookery, sou and patisserie chefs, front of house service givers and back of house maintenance staff. Site Group International is an emerging Australian company with a strategic business model run by an experienced board and management team.

www.sitegroupinternational.com

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

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ASX Company News: Site Group To Acquire Careers Australia Group

Friday, March 18th, 2011

Site Group International (SIT) has announced a takeover offer (Merger Proposal) to acquire all of the shares of Careers Australia Group Limited (CAG).

Site proposes to make an off-market takeover offer for all CAG shares.  The consideration payable to CAG shareholders is 3.5 Site shares for each CAG share.   The consideration values CAG shares at approximately 70.89 cents and CAG’s total issued capital at approximately $72.9 million.

Site expects that shares issued under the Merger Proposal will be quoted on the ASX.  The Merger Proposal is subject to conditions set out in the Schedule including Site acquiring at least 90% of the CAG shares on issue.   Site will seek to raise up to $20 million from the issue of new shares to fund the working capital requirements of the merged group.   Whilst Site has undertaken preliminary discussions with selected potential investors, the terms of this capital raising have not yet been finalised and there is no certainty that Site will be able to raise the required capital.

Site’s chairman, Vernon Wills is a non-executive director and substantial shareholder in CAG and has taken a leave of absence from the Site board and the CAG board for the duration of the Merger Proposal.  Mr Wills has not been involved in board discussions in relation to the Merger Proposal.   Paul Young has been appointed as acting chairman of Site.

Site believes a combination with of its business with CAG’s would provide compelling benefits to CAG  shareholders.  The merged group will have an enhanced position in the vocational education services market in Australia and Asia as well as being strategically placed to provide workforce planning solutions in skills shortage areas.

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

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