Powerlan wins new outsourcing work 12:14, Thursday, 2 September 2004
Sydney - Thursday - September 2: (RWE Aust Business News) - Powerlan Ltd wholly-owned subsidiary FinancialBPO Pty Ltd, which provides critical business process outsourcing in the financial services sector, has signed three new outsourcing agreements. Minimum combined revenue over the initial five years will be $5 million. The three contracts are with wholesale and retail fund managers. These fund managers are Affinity Funds Management, Bellwether Partners and Strategic Capital Management. Services will start at various times before the end of October. FinancialBPO will provide client administration, investment administration and fund accounting services to all three clients. It will also provide mortgage processing for Affinity. Shares in Powerlan today rose 0.2c to 3.5c. ENDS
PWR Price at posting:
0.0¢ Sentiment: None Disclosure: Not Held
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