Contract Renewal (9457Y)

TIDMMEDI

RNS Number : 9457Y

Medilink-Global UK Limited

05 January 2011

05-January-2011

MEDILINK-GLOBAL UK LIMITED

Contract Renewal

Medilink-Global UK Limited ("Medilink") announces the renewal of its prevailing Service Agreement with ING Employee Benefits Sdn Bhd ("INGEB") which expired on December 31, 2010. The renewed Service Agreement shall be in-force and operative for a consecutive period of five (5) years with effect from January 01, 2011 until December 31, 2015. The total estimated value of the said renewed Service Agreement is RM5 million (approximately GBP1 million).

INGEB is a wholly owned entity of ING Insurance Berhad, which is currently the industry leader in providing Group Health Insurance and Employee Benefits Administration in Malaysia.

Medilink, through its Malaysian operating entity, Datalink Healthcard Network Sdn Bhd, has been providing its Electronic Healthcard Network services to INGEB in Malaysia since January 01, 2006. Medilink operates secured and trusted electronic healthcard networks in Malaysia, China, Hong Kong, Singapore and Thailand.

Shia Kok Fat, CEO of Medilink, commented: "The renewal of the five (5) year contract with INGEB signifies the importance and strategic values of the Electronic Healthcard Network that forms part of the essential tools for INGEB to process its medical claims efficiently. Medilink's services shall continue to provide INGEB with the competitive edge to differentiate itself from its competitors in the industry."

For further information please contact:

 
MediLink-Global UK Limited                   Tel: + 603 2296 3028 
 Shia Kok Fat, Chief Executive Officer 
 www.medilink-global.com 
Allenby Capital Limited                      Tel: +44 (0)20 3328 
 (Nominated Adviser and Joint Broker)         5656 
 Nick Athanas/James Reeve 
Daniel Stewart & Company plc (Joint Broker)  Tel: +44 (0)20 7776 
 Adam Wilson                                  6550 
 Colin Rowbury

This information is provided by RNS

The company news service from the London Stock Exchange

END

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