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发表于 2011-5-8 02:08
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RCG Holdings Limited - Memorandum of Understanding
RCG Holdings Limited (AIM:RCG, HKSE:802), an international provider of biometric and RFID products and solution services with a primary focus in the Asia Pacific (Chicago Options: ^RASPUSD - news) markets, is pleased to announce that RCGSolutions Sdn Bhd ("RCGS"), a 55% owned subsidiary of the Company, has on 16 March 2011, entered into a Memorandum of Understanding ("MoU")with United Sun Earth Scalar Energy Limited ("USESEL")with respect to the development of an online lottery system for the Government of Sikkim, India, called Sikkim Karani 4D Lottery (the "Project"). USESEL is a sales and marketing company for lottery and betting in India. Both USESEL, its shareholders and directors, and minority shareholders in RCGS are unconnected to RCG, its directors or major shareholders. Karani 4D Lottery is a simple game of probability in which individuals choose four numbers enabling them to win monetary prizes by matching their numbers to those drawn randomly. The terms of the Memorandum of Understanding are not legally binding on the parties.
The Government of Sikkimhas appointed USESEL as the marketing agent to promote a secure computerised online Karani lottery system. The Government of Sikkim in India intends to provide mass entertainment and will donate part of the lottery proceeds to support good causes, including health, education, infrastructure development, anti-poverty and other developmental programs in the region.
RCGS will provide technical expertise and equipment required for the Project, including technology and system design, supplies of hardware, software and infrastructure, and facilities to house the central computer systems required for the Project. By way of a revenue sharing arrangement, RCGS will receive a percentage of USESEL'S revenue, which will be mutually agreed at a later date.
Dato' Lee (SNP: ^LEEY - news) Boon Han, Chief Executive Officer of RCG, said: "We are pleased with the business development in India, which will provide an avenue for RCG to expand its footprint to another lucrative region. The Project will provide a stable and visible revenue stream for the Group and we are very excited at the prospect of working together with USESEL and the Government of Sikkim in India to implement our technology and solution."
Enquiries:
RCG Holdings Limited
Tel: +852 3669 6999
Dato' Lee Boon Han, Chief Executive Officer
KC Chong, Chief Financial Officer
[email protected]
Evolution Securities Limited
(Nominated adviser and joint broker)
Nominated adviser: Tim Worlledge / Esther Lee
Tel: +44 (0) 20 7071 4300
Media (Xetra: 725292 - news) enquiries:
Abchurch Communications Limited
Henry Harrison-Topham / Joanne Shears
Tel: +44 (0) 20 7398 7709
[email protected]
www.abchurch-group.com
About RCG
RCG, a leading global provider of integrated biometrics and RFID security solutions, is publicly quoted and its shares are listed on the Main Board of the Stock Exchange of Hong Kong Limited and admitted to trading on the AIM Market of the London Stock Exchange (LSE: LSE.L - news) and the PLUS market. The Company has an aggressive growth strategy with a clear focus on developing new applications and revenue streams for global roll-out, particularly in the security applications industry. |
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发表于 2011-5-8 02:06
发表于 2011-5-10 11:47
