Celsys Limited Update
May 07 2009 - 2:00AM
UK Regulatory
TIDMLZM TIDMLONR
RNS Number : 8248R
LonZim PLC
07 May 2009
7 May 2009
LONZIM PLC
("LonZim" or the "Company")
LonZim signs ATM distribution agreement with Diebold and agreement with Kingdom
Bank Limited
LonZim Plc ("LonZim") which has been established for the principal purpose of
making investments in Zimbabwe and the Beira corridor in Mozambique, is pleased
to announce that it has signed a sales, service and distribution agreement with
Diebold Self Service Limited a subsidiary of Diebold Incorporated.
The agreement enables LonZim, through its subsidiary, Celsys, which is listed on
the Zimbabwean Stock Exchange, to provide state of the art, secure, automated
teller machines and other self service solutions in both Zimbabwe and Zambia.
Headquartered in Ohio, in the United States, Diebold is a company with more than
17,000 employees, and representation in more than 90 countries worldwide. In
2008, Diebold reported total revenue of US$3.2 billion and is publicly traded on
the New York Stock Exchange under the symbol "DBD." www.diebold.com
An initial consignment of ten new ATM machines will be installed at Kingdom Bank
branches within the next three months, expanding the existing Celsys ATM
network. The new ATM's will be installed under a 5-year full maintenance lease
agreement with Kingdom Bank, the financial arm of the Kingdom Meikles Africa
Holdings Group, in which Celsys charges a fee based on the number of
transactions processed.
Similar agreements are under negotiation with other financial institutions in
Zimbabwe and Zambia, with a view to increasing the number of installed ATM's
over the next 24 months.
David Lenigas, Executive Chairman of LonZim Plc commented:
"The regeneration of the financial services sector in Zimbabwe has begun and
LonZim's portfolio of companies is ideally placed to deliver solutions to this
exciting market.
"With the support of a world leader in technology such as Diebold, we will
quickly be able to grow our existing ATM network and create a powerful market
leading presence that will generate lucrative annuity based revenue streams for
the company under these multi-year contracts with major financial institutions."
Enquiries
+----------------------------------------------+---------------------------+
| LonZim Plc | +44 |
| | (0)20 |
| | 7016 |
| | 5105 |
+----------------------------------------------+---------------------------+
| David Lenigas, Executive | +44 |
| Chairman | (0)7881 |
| | 825 378 |
+----------------------------------------------+---------------------------+
| Geoffrey White, Chief | +44 |
| Executive Officer | (0)7717 |
| | 307 308 |
+----------------------------------------------+---------------------------+
| | |
+----------------------------------------------+---------------------------+
| | |
+----------------------------------------------+---------------------------+
| Pelham PR | |
+----------------------------------------------+---------------------------+
| Charles Vivian | +44 |
| | (0) |
| | 20 |
| | 7337 |
| | 1538 |
+----------------------------------------------+---------------------------+
| | +44 |
| | (0) |
| | 7977 |
| | 297903 |
+----------------------------------------------+---------------------------+
| James MacFarlane | +44 |
| | (0) |
| | 20 |
| | 7337 |
| | 1527 |
+----------------------------------------------+---------------------------+
| | +44 |
| | (0) |
| | 7841 |
| | 672831 |
+----------------------------------------------+---------------------------+
| | |
+----------------------------------------------+---------------------------+
| WH Ireland Ltd: NOMAD | |
+----------------------------------------------+---------------------------+
| James Joyce | +44 |
| | (0) |
| | 20 |
| | 7220 |
| | 1666 |
+----------------------------------------------+---------------------------+
This information is provided by RNS
The company news service from the London Stock Exchange
END
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