Skip to main content

AI assistant

Sign in to chat with this filing

The assistant answers questions, extracts KPIs, and summarises risk factors directly from the filing text.

ORCODA LIMITED Capital/Financing Update 2015

Jul 7, 2015

65482_rns_2015-07-07_d9929557-1ca2-438e-83a0-1f4605ff83ec.pdf

Capital/Financing Update

Open in viewer

Opens in your device viewer

==> picture [273 x 44] intentionally omitted <==

**SmartTrans

books
another
record
result
in
China
with
revenue
of $450,000
for
June**

  • SmartTrans
    finishes
    FY
    2015
    with
    twelfth
    consecutive
    month
    of
    revenue
    growth
    in
    China

  • Revenue
    from
    China
    operations
    at
    $1,210,000
    for
    June
    Quarter,
    $2,655,000
    for
    FY
    2015

  • Strong
    top
    line
    revenue
    performance
    driven
    by
    ongoing
    growth
    and
    uptake
    of
    SmartPay
    platform

  • Recurring
    and
    passive
    revenue
    still
    solid
    at
    30%
    driven
    by
    subscription
    billing

  • SMA
    assessing
    options
    to
    expand
    logistics
    business
    in
    China
    and
    Australia

8
July
2015:
Mobile
and
online
payments
platform
and
logistics
software
provider SmartTrans
Holdings
Limited (ASX:
SMA) (‘SmartTrans’
or
‘the
Company’)
is
pleased
to
announce
that
its
China
SmartPay
business
has
achieved
yet
another
record result
for
the
Company
in
China,
delivering
revenue
of
$450,000
for
the
month
of
June.

This
result
rounds
out
the
2015
financial
year
with
the
twelfth
consecutive
month
of
revenue
growth
for
SmartTrans
in
China, bringing
June
Quarter
revenue
from
the
Company’s
operations
there
to
$1,210,000
and
total
revenue
for
the
year
in
China
to $2,655,000.
This
figure
exceeds
revenue
earned
by
SmartTrans
across
its
entire
business
for
financial
year
2014
($2,194,369).

==> picture [298 x 232] intentionally omitted <==

Revenue
from
SmartTrans’
operations
in
China
to
the
end
of
June
2015

SmartTrans
attributes
the
strong
and
ongoing
revenue
performance
it
is
enjoying
in
China
to
the
diverse
range
of
apps
and content
that
it
offers
consumers
across
a
number
of
channels
through
the
SmartPay
platform,
which
has
recently
been enhanced
with
the
addition
of
new
app
providers.

The
Company
also
recently
rolled
out
a
new
Direct
Carrier
subscription
billing
service
with
China
Telecom
in
Hubei
Province and
is
expecting
to
expand
this
service
to
more
major
provinces
in
the
near
future.
This
agreement
will
build
on
the
30% (approx.)
of
revenue
that
SMA
earns
from
the
SmartPay
platform,
which
is
recurring
and
passive
and
which
involves
no ongoing
marketing
expense
once
the
customer
is
acquired.

Having
just
completed
a
$5.5
million
capital
raising
through
a
Non-­‐Renounceable
Rights
Issue
(as
reported
to
shareholders
on 19
June
2015),
the
Company
now
intends
to
fast
track
further
growth
and
development
of
the
SmartPay
platform
in
China, while
also
assessing
opportunities
to
expand
its
logistics
division
in
Australia.

Melbourne Sydney Beijing Level 1 Suite 37 101, Building 22, 10 Queens Road 401 Pacific Highway Courtyard 4 Gongti Bei Lu MELBOURNE ARTARMON Chaoyang District VIC 3004 NSW 2064 BEIJING CBD, 100027 Ph: (03) 9866 7333 Ph: (02) 9660 4564 Ph: +86 (10) 6500 0910

SmartTrans
Managing
Director
Bryan
Carr
commented:
“This
is
yet
another
record
revenue
result
for
SmartTrans
in
China and
a
great
way
to
finish
financial
year
2015.
The
fact
that
we
have
now
easily
exceeded
entire
Company
revenue
for
FY
2014 with
earnings
from
China
alone
is
a
fantastic
achievement
and
one
that
affirms
our
decision
to
focus
on
the
SmartPay platform
as
a
key
revenue
driver.”

“Whilst
we
intend
to
maintain
our
focus
on
leveraging
all
opportunities
we
can
for
SmartPay,
with
the
financial
capacity
we now
have
through
the
recent
successful
$5.5
million
capital
raising,
we
can
also
now
look
to
build
on
the
solid
platform
we have
in
our
logistics
business
in
Australia
and
to
expand
that
business
into
China.”

“We
look
forward
to
updating
shareholders
on
our
progress
with
these
initiatives
as
and
when
additional
developments occur.”


ENDS

Further information please contact: About
SmartTrans Bryan
Carr
SmartTrans
Holdings
Limited
(ASX:
SMA)
is
a
leading
Australian
technology
and
software
provider
that
Managing
Director
has
developed
a
mobile
and
online
billing
and
payment
platform
for
the
China
market.
The
company
has agreements
in
place
with
China
Mobile,
China
Unicom,
China
Telecom
CMPay,
UnionPay
and
Alipay.
With
AUST:
+61
412
111
968
the
growing
use
of
the
smartphone
as
a
billing
device
in
China,
the
company
is
experiencing
significant
CHINA:
+86
138
1188
8401
uptake
of
its
technology
in
that
market.
SmartTrans
has
also
developed
cutting-­‐edge
proprietary
logistics software
which
is
used
by
some
of
Australia’s
leading
blue-­‐chip
organisations
who
have
long
term
Media
inquiries
to:
Ben
Jarvis,
contracts
in
place
with
the
company.
SmartTrans
is
assessing
growth
opportunities
for
its
logistic
offering
Six
Degrees
Investor
Relations:
in
China
to
complement
its
mobile
and
online
payments
platform.
+61
413
150
448

==> picture [37 x 22] intentionally omitted <==

http://www.smarttransholdings.com http://www.twitter.com/SmartTrans_SMA

Melbourne Sydney Beijing Level 1 Suite 37 101, Building 22, 10 Queens Road 401 Pacific Highway Courtyard 4 Gongti Bei Lu MELBOURNE ARTARMON Chaoyang District VIC 3004 NSW 2064 BEIJING CBD, 100027 Ph: (03) 9866 7333 Ph: (02) 9660 4564 Ph: +86 (10) 6500 0910