- Release Date: 29/06/15 10:08
- Summary: GENERAL: SPY: Australian Financial Review Article
- Price Sensitive: No
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SPY 29/06/2015 10:08 GENERAL PRICE SENSITIVE REL: 1008 HRS Smartpay Holdings Limited GENERAL: SPY: Australian Financial Review Article An article appeared in The Australian Financial Review published on 29 June 2015 regarding Smartpay's entrance into the Australian taxi payments market. Smartpay wishes to provide clarification in regard to the reference to litigation in which Smartpay is currently involved with Live Taxi Epay. Smartpay advises that it is currently owed a historical amount of approximately AUD$600,000 by Live Taxi Epay. Despite previous assurances of payment by Live Taxi Epay, no payment has been made and Smartpay is seeking to recover payment in proceedings in the Supreme Court of New South Wales. In the same proceedings, Live Taxi Epay has advanced a claim which Smartpay considers to be without merit. Smartpay is confident of success if the matter proceeds to hearing. In any event, Smartpay fully provisioned for the receivable from Live Taxi Epay in prior financial years. ENDS For further information contact: Bradley Gerdis, Managing Director, Smartpay, +61 (0)410 623 338 End CA:00266287 For:SPY Type:GENERAL Time:2015-06-29 10:08:03
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