$2,400,000 per year, page-43

Have I missed something but people are saying the bank project was starting this year but the original announcement states otherwise.


3 November 2015

Dubber chosen by ‘Big 4’ bank

Dubber is pleased to announce that, on November 2nd , it has signed, an agreement to provide a tailored solution to one of Australia’s ‘Big 4’ banks. The Dubber solution has been selected on the basis of its functionality and cost effectiveness as part of a tender process which concluded in mid October after a comprehensive due diligence period.
Dubber's business plan focuses on two areas, namely 'on net' functionality for telecommunications service providers and direct solutions for the enterprise sector.
Steve McGovern commented: “This engagement, the details of which are subject to a strict Non Disclosure Agreement, will contribute to bringing forward Dubber management’s goal of achieving operational breakeven in FYE 2016.
The project demonstrates Dubber's versatility in the enterprise sector, differentiates our offer from competitors and provides many additional potential revenue streams.” The project will commence in November 2015.

5 November 2015

Additional Information Dubber chosen by ‘Big 4’ bank
The Company refers to the ASX announcement on Tuesday 3rd November 2015, regarding Dubber providing a solution to a ‘Big4 bank’ in Australia, the details of which are subject to a confidential assignment.
At the request of the ASX we are pleased to communicate that Dubber was the successful tenderer which will result in circa $1.68m in revenue over a 3-5 month project period, commencing immediately.
The completion of the total project is subject to successful deployment of the solution over the next 8 weeks.