price does not reflect good results

latest results from Mxl MXL Signs First New Zealand Contract
MXL has a contract with the New Zealand Institute of Chartered Accountants and its
learning arm Advanced Business Education Limited (ABEL) for the supply of its
student management software eMinerva.
The project will commence immediately with the first phase focusing on ABEL and
will be followed by the second phase that involves customization to integrate with
the Institutes membership system in 2005. The Institute has 26,000 members in New
Zealand for whom ABEL provides education and training. As well ABEL runs
education services into S/E Asia and the Middle East.
MXL was chosen from a short list of vendors that went through a rigorous selection
process conducted by two firms of consultants hired by the Institute to find a
replacement for their existing system. MXL regard this contract very highly owing to
the prestigious nature of the client and the extensive selection process their software
has gone through to gain selection. The normal fee structure will apply to the
contract.
The New Zealand contract is the fifth signed by MXL between 1 July and 30
September 2004. Of the other contracts, two more, the Australian Institute of Fitness
and International College of Hotel Management, are outside what would be
considered the traditional education sector and highlights the versatility and market
spread of the software.

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