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GRAND-FLO SOLUTION BERHAD (“GRAND-FLO” OR “COMPANY”) CONTRACTS SECURED BY SIMAT TECHNOLOGIES PUBLIC COMPANY LIMITED (“SIMAT”), A THAILAND-INCORPORATED SUBSIDIARY OF GRAND-FLO

GRAND-FLO SOLUTION BERHAD

Type

Announcement
SubjectGRAND-FLO SOLUTION BERHAD (“GRAND-FLO” OR “COMPANY”)

CONTRACTS SECURED BY SIMAT TECHNOLOGIES PUBLIC COMPANY LIMITED (“SIMAT”), A THAILAND-INCORPORATED SUBSIDIARY OF GRAND-FLO

Contents :

The Company is pleased to announce that Simat has secured the following contracts with an aggregate sales value of THB23.25 million (equivalent to RM 2.25 million; RM1:THB10.32):-

NameProducts Sales valueTenure
*C.P.Seven Eleven (owner of 7-Eleven retail stores in Thailand)
Supply of Hardware and Software for Inventory Management Solution to 700 existing outlets THB 15.55 million (equivalent approximately to RM 1.51 million) i.e. approximately RM 2,152.55 per set15 May 2006 to 15 October 2006
**Ek Chai Distribution System Company Limited (Owner of Tesco hypermarket/ supermarket/value stores in Thailand) Supply of Hardware to new outlets. THB 2.1 million (equivalent to approximately RM 0.2 million) i.e. approximately RM 2,857.14 per set20 June 2006 to 31 July 2006
Thai International AirportOutsourcing of Asset Tracking System to SIMAT to manage all the airport equipments and assets during the shifting from existing to new airport THB 5.6 million (equivalent to RM 0.54 million)1 July 2006 to 30 September 2006
* THB 15.55 million was for the implementation of 700 sets of Inventory Management System to 700 outlets. The system is expected to be implemented in stages in another 4,300 existing outlets, contributing an estimated sales value of THB 95.2 million (approximately RM 9.22 million) subject to further approvals obtained from the management of C.P. Seven Eleven.

** THB 2.1 million was to support partial (70 sets) implementation of the system in the customer’s new outlets. Full implementation which will involve another 930 sets with estimated sales value of THB 27.9 million (approximately RM 2.7 million) was expected to be implemented in stages and fully completed by 31 December 2006, subject to the roll-out plan of the customer.

These new contracts are expected to contribute positively towards the revenue and earnings of the Group for the financial year ending 31 December 2006.

None of the Directors, substantial shareholders of GRAND-FLO or persons connected with them have any interest, direct or indirect, in the transactions.

This announcement is dated 28 July 2006.


Announcement Info

Company NameGRAND-FLO SOLUTION BERHAD (MESDAQ Market) 
Stock Name GRANFLO    
Date Announced28 Jul 2006  
CategoryGeneral Announcement
Reference NoCM-060727-39198



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