Ann: FLLYR: FIN: Finzsoft FY14 Annual Results

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• Summary: FLLYR: FIN: Finzsoft FY14 Annual Results
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					FIN
30/05/2014 16:23
FLLYR

REL: 1623 HRS Finzsoft Solutions Limited

FLLYR: FIN: Finzsoft FY14 Annual Results

30 May 2014

Announcement

FINZSOFT SOLUTIONS CHAIRMAN AND MANAGING DIRECTOR'S REPORT

FY14 Full Year Highlights

Finzsoft has performed strongly for the year ended 31 March 2014, with:
1. An increase in Total Revenue of 7 percent to NZ$9.421 million;
2. An increase in Net Profit after Tax of 88 percent;
3. The delivery of our next generation integrated and platform independent
mobile commerce solutions;
in comparison with the financial year ended 31 March 2013.

Finzsoft's performance was achieved against the backdrop of:

A full takeover offer launched by Holliday Group Holdings (ICT Investments)
Limited in the third quarter;
- A change in leadership;
- Continuing our investment of approximately 40% of staff productive hours
into internally sponsored Research and Development continuing our commitment
to future growth; and
- The announcement that Finzsoft had received the first material work orders
from long-term client, St George Bank in Australia to assist with the
integration of the Auto and Equipment Finance business of Capital Finance
Australia Limited (CFAL) acquired from the Lloyds Banking Group Australia.

Strategic Focus

Finzsoft remains committed to its mission to provide innovative,
transformational, scalable products and services. Our Sovereign banking and
finance software and solutions are enabling technology that drives behaviour
and empowers our customers. The strengths of the solution are its security,
auditability, stability, flexibility and scalability.  Its rich functionality
dramatically improves effectiveness and efficiency through automated and
paperless processes.

FY15 and Beyond

Finzsoft Managing Director, Andrew Holliday reconfirmed the company's
strategy of focusing on known revenue opportunities in Australia and New
Zealand and tightly managing costs, whilst continuing with investment in
research and development and growth opportunities in the Asean region.

"To remain a market leader in banking software, Finzsoft continues to invest
heavily in research and development of its Sovereign banking software to
provide our customers and their customers with the latest financial
technology."

FY15 will see Finzsoft continue to actively engage and participate with
existing and new customers to:

- Leverage our established and proven banking and finance technology by way
of vertical integration within and horizontal integration across customers'
business lines;
- Leveraging our current state and future state new generation modules
including our mobile commerce suite of products as part of our 'mBank'
solution.  This technology enables our clients to respond to the key current
disruptive trends in banking O2O (Online to Offline), IoT (Internet of
Things) and Customer Centricity and to take advantage of the growth
opportunities in both the Pre-arranged, Direct and POS customer engagement
models; and
- Provide multi-channnel deployment, service and delivery models including
both proven On-premise licence, hosted, SaaS and private Cloud models.

Finzsoft is proud to continue its tradition of thought and technology
leadership in developing Future Banking Solutions.

Capital Structure

In order for the Group to meet its' product development and market expansion
plans, the Board has resolved it may require a change in Finzsoft's capital
structure. To this end, Directors are committed to a plan to materially
increase the Company's shareholder base, increase liquidity whilst continuing
to examine options including a combination of new equity and debt.  The Board
has the full support of the Company's majority shareholder to execute these
initiatives.

Dividend

The Directors have resolved not to pay a final dividend to shareholders at
this time.

Finzsoft has offices in Auckland, Singapore, Malaysia and Australia and
employs over 40 staff. Since its launch 25 years ago, the company has become
a leading provider of software and solutions for banks and financial
institutions in Australasia.

For more information on our activities, please refer to our website
http://www.finzsoft.com

B G IMPEY
Chairman

A A Holliday
Managing Director
End CA:00251081 For:FIN    Type:FLLYR      Time:2014-05-30 16:23:36