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BOS Bos Glb Hldgs

0.90
0.00 (0.00%)
Last Updated: 00:00:00
Delayed by 15 minutes
Share Name Share Symbol Market Type Share ISIN Share Description
Bos Glb Hldgs LSE:BOS London Ordinary Share AU000XINEAC2 ORD NPV (DI)
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  0.00 0.00% 0.90 0.65 1.15 0.00 00:00:00
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
0 0 N/A 0

Bos Global Holdings NL Product Distribution Agreement (6603P)

21/11/2016 7:01am

UK Regulatory


Bos Glb Hldgs (LSE:BOS)
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TIDMBOS

RNS Number : 6603P

Bos Global Holdings NL

21 November 2016

BOS GLOBAL Holdings Ltd / Index: AIM / Epic: BOS / Sector: Software & Computer Services

21 November 2016

BOS GLOBAL ("BOS" or "the Company")

Secures Initial Revenue Stream Via Transformational Deal to Distribute Products Globally

BOS GLOBAL Holdings Limited, the AIM quoted software company focused on providing businesses with productivity solutions to drive efficient business practices and workplace engagement, is pleased to announce the execution of a distribution agreement between the Company's wholly owned subsidiary, BOS Distributions Pty Ltd ("BOS Distributions"), and Ag-I Solutions Limited ("Ag-I Solutions") which secures BOS distribution of Ag-I Solutions products globally, and first rights to acquire the underlying Intellectual Property ('IP') (the "Agreement"). The Agreement provides the Company with BOS -branded market-ready products which the Company anticipates will generate revenue in the near term. The Agreement Term is initially for three years expiring 31 December 2019 with an additional two-year option.

Ag-I Solutions (www.ag-isolutions.com) is a software development and licensing business headquartered in Hong Kong. Its portfolio of successful, enterprise level cloud based solution products covering Records, Document, Workflow and Meeting Management will be BOS GLOBAL branded. Ag-I's products are highly synergistic with BOS' BOS360 Work Patterns (PaaS) platform ('BOS360'), a business optimisation support system which is currently under development. When launched, BOS360 aims to revolutionise the way that businesses and its workforce operate by presenting real time, actionable data in the form of an individual, team and organisation 'Work Pattern', allowing for timely, fact-based decisions to be made that can deliver greater operational efficiencies, resulting in increased bottom line performance across the enterprise.

The Agreement with Ag-I Solutions will deliver BOS a suite of proven solutions for immediate deployment and revenue generation and will include a licence to enhance all products for further development and integration into BOS360. It provides for global master distribution rights to be granted to BOS Distributions, including the exclusive rights to brand, market and resell Ag-I Solutions products worldwide, excluding the territory of Malaysia. The Agreement will also provide BOS with the first option to acquire existing, future and jointly developed intellectual property.

The key benefits for BOS that are expected to flow from this agreement are:

1. Immediate deployment of four BOS branded products and generation of revenue via direct and reseller channels including BOS own branded Internet retail site;

   2.   Lead generation opportunities through channel referrals from existing customer base; 

3. Leveraged distribution network to overlay BOS360 Work Patterns (PaaS) to existing customers and related channels;

4. Reduced operational expense in terms of BOS expansion, software development and support costs; and

   5.   Organic income and asset accretion in the event the IP is acquired. 

Michael Travia, Managing Director of BOS, said: "This is a milestone agreement for BOS. It provides us with four new BOS branded products with an existing client base and therefore a new revenue stream to the BOS360 business. These products closely complement our BOS360 ecosystem designed to drive efficiency in the work place and deliver significant financial gains for clients. Importantly, this agreement enables BOS to fast track and 'boot strap' its BOS360 PaaS development with its own five complimentary software products over the same global distribution and reseller channels under development in Asia, UK & Europe and North America."

"Our BOS360 platform as a service is anticipated for launch in May 2017 and will tap into the increasing demand from businesses for 'generational solutions' which facilitate work-place efficiency. I wish to thank the executive teams from both companies for their hard work to complete this Agreement six weeks ahead of schedule, and therefore have the four new BOS branded products ready for sale in the next three weeks. I am very excited about what the combined efforts and skills of both parties can deliver going forward."

Stephen Kucia, Group Managing Director of Ag-I Solutions Limited, said: "Over the past five years the Ag-I team has been steadily building a solid business focussed on a suite of defined enterprise grade products. Our core capability is in software development, so it makes perfect sense to leverage BOS' marketing and global sales capabilities and to be part of the larger opportunity with the BOS360 Work Patterns rollout."

This Agreement fits within the existing design of the BOS360 Work Patterns system, including that of BOS own existing patents granted and international patents pending.

The information contained within this announcement is deemed by the Company to constitute inside information as stipulated under the Market Abuse Regulations (EU) No. 596/2014 ("MAR").

**ENDS**

For further information please visit www.bosglobal.com or contact:

 
 Michael Travia        BOS GLOBAL Holdings   Tel: +61 (0) 8 
  Managing Director     Limited               9322 4071 
                                              E: shareholder@bosglobal.com 
--------------------  --------------------  ------------------------------ 
 Oliver Morse          RFC Ambrian Limited   Tel: +61 (0) 8 
  NOMAD and                                   9480 2500 
  Broker 
--------------------  --------------------  ------------------------------ 
 Elisabeth             St Brides Partners    Tel: +44 (0) 20 
  Cowell / Charlotte    Ltd                   7236 1177 
  Page 
  Financial 
  PR 
--------------------  --------------------  ------------------------------ 
 

About BOS GLOBAL

BOS GLOBAL is a software company focussed on creating enterprise productivity solutions for the global workforce market. It does this through a blend of business process automation, intelligence gathering and advanced analytics to drive efficient business practices and workplace engagement.

The Company is currently developing the BOS360 Work Patterns Platform based upon its existing and international patent pending research and development, and to provide businesses with a comprehensive platform through which they can capture, manage and measure productivity in real time at the individual, team and organisational level.

This information is provided by RNS

The company news service from the London Stock Exchange

END

MSCEAKFFASEKFEF

(END) Dow Jones Newswires

November 21, 2016 02:00 ET (07:00 GMT)

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