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    old news clip Here is an old news clip for people not familiar with Customers performance so far

    CUS is a stock well worth looking at for its future growth in the ATM business




    _____________________________
    Customers reduces half-year loss to $795,000
    11:20, Friday, 24 February 2006

    Sydney - Friday - February 23: (RWE Australian Business News) -
    Customers Ltd (ASX code: CUS) today announced a net loss of $795,000 in
    the six months to December 31 2005, compared with a $3.62 million loss
    for the first half of the previous year.
    The result was achieved on revenue of $14.01 million, up from
    $708,000.
    Managing director Mr Greg Baker said, "The business has
    continued to develop well and our overall vision - to develop
    Australia's leading listed payments business - remains well on track.
    "During the period the company made two further important ATM
    network acquisitions.
    "The company also recently announced a major new payments
    processing joint venture with Bendigo Bank and MasterCard International
    which was the culmination of many months' planning and preparation."
    He said management was keenly focused on maximising shareholder
    value through a rapid growth strategy driven through market
    consolidation, as well as organic growth.
    "The board is confident that our rapid growth strategy is the
    best way to enhance overall shareholder value by the creation of a
    business of considerable scale and market position in the payments
    sector," Mr Baker said.
    "The board has made the deliberate decision to continue to
    invest in pursuing strong growth opportunities rather than focusing on
    short-term profitability.
    "However, the company has been careful to balance this strong
    growth and development within a sensible and sustainable operational and
    financial framework."
    Shares in Customers rose 0.5c to 26.5c this morning.
    ENDS

    Copyright © 2006 RWE Australian Business News. All rights reserved.
 
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