Comino PLC - Subsids Contracts Awarded

RNS Number:8549D
Comino PLC
17 January 2000

                                       
                          COMINO PLC: CONTRACT GAINS
    ISE subsidiary wins 6 new contracts worth #1m including ground-breaking
                         local authority pension order

Comino  plc  ("Comino"),  the  supplier of computer  systems  for  occupations
pensions, housing and local authority revenues & benefits, announces that  its
ISE  subsidiary  has won six new contracts in the local authority  marketplace
with  a  combined value of #1m.  The contracts were secured during  the  final
quarter of 1999.

The  new contracts include an order from West Midlands Authority Pension  Fund
(WMPF),  the  country's largest local authority pension scheme, to  develop  a
version  of  ISE's  Universal Pensions Management System (UPM)  customized  to
reflect the Local Government Pension Scheme Regulations.  The announcement  of
this  partnership  follows responses to an extremely detailed  open  tendering
exercise  and  a  rigorous evaluation process involving the  use  of  external
consultants.   This is ISE's first local authority UPM site and  signifies  an
era of change in the local authority pensions administration market.

The  other  contracts are for ISE's workflow software product for  revenues  &
benefits.   They include orders from Isle of Wight Council, St  Edmondsbury  &
Waveney DC, Nuneaton & Bedworth BC, and Swindon BC, the latter contract  being
secured  through ISE's successful partnership with W S Atkins plc, the managed
service provider.

Mike Woodall, Chief Pensions Officer for the WMPF said:
"ISE  came out of the tendering exercise as the only supplier with an approach
which  would  genuinely  take us forward and give us  the  facilities  we  are
looking to introduce.  The UPM software which is currently implemented  within
the  private  sector  reflects this.  UPM will help us  to  both  improve  our
internal  efficiency and the service we can provide to members and  employers.
We  have  long thought that the local government pension schemes  (LGPS)  were
crying  out  for  an  alternative solution and  numerous  other  schemes  have
expressed a strong interest in this project.  I think this will prove to be  a
red-letter day for the LGPS software market."

Garth Selvey, Chief Executive of Comino, comments:
"Comino's main markets are social housing, local authority revenue departments
and occupational pensions systems.  These recent wins emphasise our continuing
ability  to  provide effective solutions for these sectors.   The  partnership
with WMPF represents a breakthrough in the provision of effective software for
the  LGPS  market and the potential  market and opportunities for  Comino  are
enormous."


For further information:
Garth Selvey, Chief Executive, Comino plc       tel: [phone]


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