HIGHLIGHTS • First significant IT development contract executed for leading eSports tournament platform, for revenue of circa $500,000 over a 2-year period; • Back office services and technology licensing agreement which formed part of the transaction with The Agency, has been successfully implemented, representing circa $1 million in revenue to ServTech over a minimum 3-year period; • ServTech original engagement to manage back office support for SLP expanded to The Agency’s wider group of real estate business, due to the quality of services provided; • Successful implementation of cost reduction initiatives and resolution of legacy issues means that Company is positioned to be profitable from operations.
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- Ann: ServTech June 2018 Quarterly Update and Appendix 4C
Ann: ServTech June 2018 Quarterly Update and Appendix 4C, page-2
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