Company Name: Star Payment Systems
Announcement Date: 22/11/2016
Announcement Category: Team Update
Announcement Content:
Stargroup Ltd (ASX:STL) is set for yet another record breaking quarter, expecting revenues of over $2 million for the December quarter.
Considering FY2016 total gross revenue was $3.6 million, the company is continuing to exhibit impressive growth from its ATM and EFTPOS divisions.
Stargroup is in complete control of the ATM cash cycle from switching, processing, deployment, manufacture and cash replenishment.
Furthermore, thanks to the 5 year distribution agreement signed with Nasdaq-listed West International AB, Stargroup will look to strengthen its market position in the EFTPOS industry.
Stargroup will also complete its acquisition of Indue Limited on 31 December 2016
Announcement URL: http://www.proactiveinvestors.com.au/companies/news/168897/stargroup-ltd-on-track-for-a-record-december-quarter-168897.html
About Star Payment Systems:
Financial technology company Stargroup Limited is the only ASX listed company deploying ATM machines in Australia and importantly, the only listed ATM company having a direct ownership interest in the manufacturer of its ATM technologies, namely NeoICP, a South Korean private company.
Stargroup Limited became the exclusive distributor of the cashPod ATM range including the recycler ATM, back office and payment technologies in Australia for the next 5 years on 7 August 2015.
Stargroup Limited, via its wholly owned subsidiaries, StarPOS and StarApps, is also an EFTPOS and payWave technologies provider and developer of the source code in its terminals via its 5 year distribution agreement with West International AB, a Swedish NASDAQ listed company, to distribute next generation EFTPOS payment terminals and solutions in Australian and New Zealand.
Go to Company Profile for: Star Payment Systems
Announcement Contact: [email protected]
