AI assistant
NEXTED GROUP LIMITED — Capital/Financing Update 2009
Nov 18, 2009
65463_rns_2009-11-18_0fa02178-4896-4d4a-9551-1b9b1c909128.pdf
Capital/Financing Update
Open in viewerOpens in your device viewer
==> picture [138 x 43] intentionally omitted <==
ASX/Media Announcement (ASX: DGI)
19[th] November 2009
Digislide Signs to Open Eastern European Markets in Q1, 2010
Digislide Holdings Limited (“Digislide”, “DGI” or the “Company”) is pleased to announce that it has signed a distribution agreement for market entry into Eastern Europe with Romanian company, Comagro Vest. The economy of Eastern Europe is comparable with the economy of the USA (ref Austrade Seminar).
Comagro Vest is a Group of Companies which includes Arstal Invest, Quick Credit, Comagro Consult and Workright Danube.
In October, Ms Luceille Outhred, Digislide’s CEO, demonstrated the Digislide suite of products at an Entrepreneurs Conference in Iselohn, Germany.
Mr Mirel Talpes, CEO of Comagro Vest said “After the extensive presentation of Digislide’s products, we decided to go further and sign the contract for distribution for several Eastern European countries. Our first territory is Romania, but we can develop the markets of the countries of Central and Eastern Europe, that belong to the EU, in a reasonable amount of time. Translations have begun”.
Mr Talpes was the Director of the Commodity Exchange of Arad (Romania) for four years, during which time he built an extensive network of business relationships. He built Comagro Vest during the development of the market economy in Romania after the fall of communism. Typical of Eastern European entrepreneurs of the time he established a wide range of commercial activitites, including trading in wheat and other commodities, transportation, import of agricultural and manufacturing equipment, pharmaceuticals, education, real estate, business consultancy services and loans brokerage.
Comagro Vest is experienced in business to business, business to government sales. Comagro Vest have been appointed regional representatives of the Romanian Commodity Exchange, effective January 2010, which is a recognition of their knowledge of the market and economical realities in Romania.
“We are interested in the technology markets because we understand the trends of the global economy and anticipate a serious growth of this sector in Eastern Europe.” Mr Talpes said.
It is anticipated Digislide’s products will enter the Eastern European markets of Romania, Hungary, Croatia and Slovenia in the first quarter of 2010.
Licence Agreement
The agreement provides Comagro with a licence to distribute product in:-
• Romania
Digislide Holdings Limited ABN 75 105 012 066
PO Box 20 100-102 Cavan Road North Adelaide SA 5006 Dry Creek SA 5094 AUSTRALIA AUSTRALIA
Phone 61 8 8262 3115 Fax 61 8 8262 8490 www.digislide.com.au
==> picture [138 x 43] intentionally omitted <==
-
Hungary
-
Croatia
-
Slovenia
About Digislide
Digislide is an Australian based company that has developed, and continues to develop globally relevant innovative miniaturised projection technologies with broad applications.
The tactical focus is on targeting products/applications that can be embedded into a range of mobile and/or hand held communication devices, such as mobile phones, PDA’s and notebook computers. The technologies have wide patent protection and have already received international acclaim; winning several awards in important international technology arenas.
About Comagro Vest SRL
Comagro Vest’s principal activity is trading in wheat and other grains. They are one of the Region’s most important suppliers of agricultural products, especially grains, from the western part of Romania. Business activity consists in trading grains, importing agricultural and manufacturing equipment and in supplying road transportation of merchandises. Their subsidiaries specialise in grains storage and trading agricultural products.
Comagro Vest has a diversity of interests including importing manufacturing equipment and pharmaceuticals, adult education, finance and brokerage, business consultancy services and clean energy alternatives. They are keen to further diversify their interests by leveraging existing networks across Eastern Europe to distribute Digislide’s technology products.
Comagro Vest is a private company, founded in 1997 and owned by its management. The headquarters of the company is in Arad, Romania.
S.C. Comagro Vest SRL Zona Industriala Micalaca Est FN Arad, 310570, Romania tel: 40 - 257 255270 e-mail: [email protected] internet: www.comagrovest.eu Registered at the Registry of Commerce: J02/538/1997
- end -
Further information contact:
Hean Siew Company Secretary
m: 0432 654 331 email: [email protected] www.digislide.com.au
Page 2 of 2