trading update next week

Traders that read the Open Briefing on the 19th of Oct would have noted Peter Campigli said CUS managment will provide a trading update at the time of the AGM ....presumably at the AGM on the 19th of November. Post direct charging new revenue streams are being developed as detailed below which Customer's management has already made excellent progress.

NZ - size of Mel market
ATM advertising - exciting developments detailed in today's
AFR article
Bank Branding - rollout of Adelaide and Bendigo ATM's as
as previously announced.
Servicing of bank ATM's
Professional services - helpdesk outsourcing/backoffice
Pre-paid mobile phone recharge
Inovative products - i.e vouchers/offers
Self-service banking using Hyosung models
Mobile ATM's.

Manangement, by relentlessly cutting the fat out of the business without comprimising service and performance has achieved an extremely efficient / high reliability model as an ATM deployer that any competitor would find it hard to compete against. Banks take notice and think ""if these guys can do it a lot cheaper and more efficiently than us than us why arent we using them ?"" Merchants consider, when thier contracts are up for renewal, why take a risk with a new deployer when the service has been outstanding even though the new deployer may give them a bigger rebate. Down time on the machine means there's no money for anyone. This was a key factor in the BP contract renewal.

All is good and looking forward to the AGM !