New Business Update

RNS Number:7546Q
CybIT Holdings PLC
26 March 2008



 
                           CYBIT NEW BUSINESS UPDATE


Cybit Holdings Plc ("Cybit"), the innovative Telematics service provider, today
announces a host of contract renewals, extensions and new business wins. The
aggregate value of these new contracts for its Fleetstar Vehicle Tracking System
is in excess of £1.2 million.

Fleetstar-Online is Cybit's Internet-based telematics solution offering anytime,
anywhere access to the system via the web. The system enables customers to see
the exact location, journey history and speed of every vehicle in their fleet.
This helps to reduce unnecessary and duplicate journeys enabling firms to reduce
fuel usage and lower operating costs, providing a cost-effective fleet
management system.

  * Existing client Sainsbury's Online Groceries has extended its Fleetstar
    vehicle tracking system and has renewed its contract for 515 units.

  * May Gurney, the integrated construction and support services company has
    expanded its contract, by a further 250 units, bringing the total deployment
    to over 900 units.

  * SIG plc, an international supplier of insulation, roofing, commercial
    interiors and specialist construction and safety products has extended it's
    use of Fleetstar into a further 180 vehicles taking the total installed
    fleet to circa 1,150 units.

  * SPI Limited, a major building services organisation has renewed and
    expanded its contract with Cybit for 200 units.

  * New contracts with building services solutions company Specific Heat
    limited and LWC Limited, the UK's largest drinks distributor.

Richard Horsman, Chief Executive of Cybit commented;

" We are delighted to announce these business wins for our Fleetstar Solution.
We have built a strong asset management platform, from which, we are able to
offer scalable software and associated services a wide range of sectors. Our
telematics solutions are increasingly recognised as important business tools for
companies to reduce costs and improve efficiency."

" The current rate of new business wins is very encouraging and consolidates our
position as one of the UK's leading service providers. We are confident that we
will continue to deliver further positive news in the future."


                                     -ends-

Date: 26th March 2008
For further information please contact:

Cybit Holdings Plc                                    City Profile
Richard Horsman, Chief Executive                      Simon Courtenay
Kevin Lawrence, Finance Director                      Melissa Barnett
01480 389100                                          020-7448-3244


About Cybit:

Cybit is a global force in Telematics, operating within three core sectors:
Internet-based vehicle Telematics solutions; Economic Exclusion Zone (EEZ)
Management; and Private Mobile Radio (PMR) based asset tracking and precise
positioning solutions.

In the vehicle Telematics sector, Cybit is one of Europe's leading Telematics
Service Providers (TSPs). More than 1,500 business to business clients use our
fleet and asset management solutions to manage in the region of 40,000 assets.
Solutions include in-vehicle technologies, work flow management and
internet-based monitoring and reporting software. The company also provides
consulting services to advise on legal issues such as duty of care and working
hours.

BlueFinger Limited, part of Cybit Holdings plc, is a global leader in the
delivery of high value Economic Exclusion Zone (EEZ) management solutions to UK
and international governments. BlueFinger's maritime vessel monitoring systems
monitor more than 15,000 assets worldwide.

Additional information is available at www.cybitholdings.com, www.cybit.co.uk,
www.amatics.com, www.cybitpositioningsolutions.co.uk and www.bluefinger.com





                      This information is provided by RNS
            The company news service from the London Stock Exchange

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