Stargroup Limited in conducting an international roadshow, with Executive Chairman Todd Zani presenting to investors in Zurich, Frankfurt and London this week. The financial technology company is the only ASX listed company deploying ATM machines in Australia and has recorded some outstanding growth in the past 12 months, which has proven its monetisation model. It posted gross revenue in FY16 of $3.6M and is forecasting a result in excess of $10M for FY17, which represents a 200% increase.
Investor Update
Stargroup Limited (Stargroup) (ASX : STL) is pleased to provide a copy of the investor presentation by its CEO and Executive Chairman, Todd Zani, to be presented to investors and shareholders in Zurich, Frankfurt and London this week.
Further Information
For further information, please contact:
Todd Zani
CEO and Executive Chairman
Stargroup Limited T
el: +61 (08) 9200 5834
E: todd@starpaymentsystems.com.au
Media
Michael Cairnduff
Director – Cannings Purple
Tel: +61 406 775 241
E: mcairnduff@canningspurple.com.au
About Stargroup
Financial technology company Stargroup Limited is the only ASX listed company deploying ATM machines in Australia and importantly, the only listed ATM company having a direct ownership interest in the manufacturer of its ATM technologies, namely NeoICP, a south Korean private company.
Stargroup Limited became the exclusive distributor of the cashPod ATM range including the recycler ATM, back office and payment technologies in Australia for the next 5 years on 7 August 2015.
Stargroup Limited, via its wholly owned subsidiaries, StarPOS and StarApps, is also an EFTPOS and payWave technologies provider and developer of the source code in its terminals via its 5 year distribution agreement with West International AB, a Swedish NASDAQ listed company, to distribute next generation EFTPOS payment terminals and solutions in Australian and New Zealand.
Important Note
This announcement contains “forward looking statements” that are based on the Board’s beliefs, assumptions and expectations and on information currently available to management. That information includes information provided to the Company by the management of NeoICP Korea Inc., which has not been independently verified. All statements that address operating performance, events or developments that the Company expects or anticipates will occur in the future are forward-looking statements, including without limitation the Company’s expectations with respect to potential revenues, costs, profitability and financial performance. The Board believes that the forward-looking statements are reasonable as and when made.
