IHG - - NEW CONTRACT - - -

IHG - - - NEW CONTRACT -- -
INTELLECT HOLDINGS LIMITED 2002-06-19 ASX-SIGNAL-G

HOMEX - Melbourne

+++++++++++++++++++++++++
Intellect (ASX: IHG) today announced its new Greek partner, Skeye
Hellas SA, had secured a contract to deliver Intellect's first
complete mobile payment solution. The deal with EUROBANK Greece is
worth over $5million and includes provision for continuing income.

Intellect's CEO, Mr Jan de Smet, said the deal was an important
milestone in the company's move towards being a solutions provider.

"We recently announced our intention to increase the company's
capacity to deliver complete payment solutions and are now seeing
this become reality," he said. "By offering local service alongside
Intellect solutions, we have been able to supply EUROBANK Greece with
everything they need for mobile payments. Skeye Hellas is a terrific
partner for us in Greece and the Balkan region as they have great
local market experience, are well known in the banking world and have
established partnerships with local mobile telephony providers."

Skeye Hellas' General Manager and Owner, Mr Fotis B Katzouros, is
equally positive about his company's relationship with Intellect.

"Our experience and skills fit well with the needs of Intellect - and
indeed they are an ideal partner for us," he said. "We have based the
deal with EUROBANK Greece on a rental model that will ensure
continuing income for Skeye Hellas and Intellect throughout the
lifespan of the project."

Alongside Intellect's Sapphire 9870 mobile payment terminal with GSM
communications, Skeye Hellas will provide terminal applications, a
management system and access controller, all supplied by Intellect.

The solution also includes local business logic and uses the Greek
character set. With the experience supplied by Skeye Hellas, the
solution was certified within two weeks and will be supplemented by
training services, provision of GSM SIM cards, installation,
maintenance and a helpdesk.

The solution for EUROBANK Greece was dependent on an effective
gateway system that allowed the Sapphire 9870 GSM terminals to
communicate with traditional banking networks. Intellect's new access
controller manages this securely and quickly, and will become a
centre point for future implementations of Intellect hardware.

This deal is yet another in the Sapphire 9870 success story. Already
in use throughout Europe, the mobile terminal with the tagline 'any
card, any time, any place' is also selling well in other continents.
In April, Intellect announced a large sale to AMPS Wireless in the US
and a second large order for the terminals in the Netherlands.
Customers throughout the world are using the terminal in a number of
different applications, including cash-on-delivery, local law
enforcement and taxicabs.


ABOUT INTELLECT

Intellect can be found on the World Wide Web at www.intellect.com.au

ABOUT SKEYE HELLAS

Skeye Hellas SA is the largest Marketing and Systems Integration
Provider for telemetric products in Greece and the Balkans. Supplying
Consumers, Companies and Government Institutions, the company was
founded in 1997. With a share capital of Euro1.2million, Skeye Hellas
has experienced 100% annual average growth in sales and profit for
the past two years.

MEDIA CONTACT: SHAREHOLDER CONTACT:
Jeff Bird Wens Brinkman
Bird & Hill Public Relations Intellect Australia Pty Ltd
(61-2) 9954 0555 (61-3) 9426 9000
[email protected] [email protected]


regards,
Jaak.