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.

SANTA FE MINERALS LTD Capital/Financing Update 2012

Jul 11, 2012

65772_rns_2012-07-11_5f880ebc-b3ec-4c3a-9ffb-00a612f59ea4.pdf

Capital/Financing Update

Open in viewer

Opens in your device viewer

==> picture [71 x 483] intentionally omitted <==

==> picture [173 x 103] intentionally omitted <==

ASX Release 12 July 2012

EZEATM SIGNS EXCLUSIVE AGREEMENT WITH ASEAN ATMS

HIGHLIGHTS

  • Ezeatm Signs an Australian First, Exclusive Agreement to supply ATMs and ATM-related products, parts and software in Indonesia

  • Ezeatm to supply a minimum of 16,000 ATMs over a 4 year period

  • Gross revenue in transaction will be greater than $85mil and will have a significant net earnings impact

Ezeatm Limited (ASX:EZA, “Ezeatm”) is excited to announce that it has signed an exclusive 4 Year Agreement to supply ATMs and ATM-related products, parts and software to ASEAN ATMs, an Indonesian Company based in Jakarta.

Mr Todd Zani, Ezeatm’s Chief Executive Officer, has spent the last few months negotiating this transaction and last week travelled to Indonesia to meet with ASEAN representatives and a number of key Indonesian industry participants.

Ezeatm are proud to announce this significant agreement to distribute our uniquely customized ATM solution. Our agreement with ASEAN ATMs and the recent meetings that have occurred in Indonesia with key industry participants is unprecedented.

Mr Zani commented that “We have been working very closely with NeoICP, the cashPod manufacturer and over the course of the next few weeks, our team of engineers will be based in Indonesia, to customize our world leading technology to suit the Indonesian market and to achieve certification of the technology in the region.”

The Indonesian market is experiencing significant growth in the number of ATMs and the usage of ATMs as the industry implements improved technologies as part of the EMV[1] migration mandate set by the Bank of Indonesia, our Reserve Bank equivalent.

There are 250+ million people in Indonesia and the number of ATMs is predicted to significantly increase from the approximately 60,000 ATMs that currently exist. Further, a number of the existing ATMs will also need to be upgraded to meet the EMV Standards. The cashPod is an EMV compliant device.

==> picture [516 x 38] intentionally omitted <==

==> picture [71 x 483] intentionally omitted <==

==> picture [173 x 103] intentionally omitted <==

In comparison, in Australia there are 23+ million people and most of the population is already using EMV compliant debit and credit cards at the 35,000+ ATMs that exist.

Globally, the shift to EMV will only further increase the number of new ATMs installed. The world market for ATMs is forecast to grow by more than 40% and the Asia Pacific region is forecast to grow the fastest at 61%[2] .

We will be working closely with ASEAN ATMs to replicate the Ezeatm business model in Indonesia and other parts of South East Asia and this will include the setting up of a locally staffed, best practice 24/7 help desk and ATM maintenance business.

This is a great achievement for Ezeatm. In a short period of time we have gone from being principally an ATM Deployer in Western Australia, to being the No. 1 ASX Listed National ATM Deployer, as well as an ATM switching provider, the exclusive distributor of cashPod ATMs and ATM products in Australia and now internationally.

1 EMV stands for Europay, MasterCard and VISA, a global standard for inter-operation of integrated circuit cards (IC cards or "chip cards") and IC card capable point of sale (POS) terminals and automated teller machines (ATMs), for authenticating credit and debit card transactions

2 Source : Retail Banking Research : Global ATM Markets and Forecasts to 2013

For further information, please contact:

Mark Jones Chairman Tel : +61 419 9219 250

Todd Zani Chief Executive Officer Tel : +61 (0)8 9249 7422

==> picture [516 x 38] intentionally omitted <==