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JCURVE SOLUTIONS LTD — Capital/Financing Update 2014
Oct 13, 2014
65158_rns_2014-10-13_80ddebde-0b4d-49e2-a9d7-6fbaf12112eb.pdf
Capital/Financing Update
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14 October 2014
Manager of Company Announcements ASX Limited Level 6, 20 Bridge Street SYDNEY NSW 2000
By E-Lodgement
Contract Update – South African Telco
JCurve Solutions Limited (ASX: JCS) (“The Company”) via its joint venture partner Webhouse Australia Pty Ltd, has received advice that it has been unsuccessful in its tender response for the provision of Telephone Expense Management services to its major South African Telecommunications Carrier across its global network of offices. Webhouse Australia Pty Ltd’s current contract to provide these services locally in South Africa will be rolled into this expanded requirement.
Whilst the financial impact will depend on the resultant transition out arrangements, the Company presently expects a revenue contribution of $640,000 and operating profit of $570,000 for this current FY2014/15. As a result, the Company’s management is exploring revenue replacement initiatives and corresponding cost reductions to ensure any negative impact in FY 2015/16 can be avoided. JCurve Solutions Limited will update the market regarding transitioning out arrangements once known.
For and on behalf of the Board
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Graham Baillie Executive Chairman