Company Overview and News
Everest MB Pty Ltd holds an 11% stake, and has outlined its intention to move resolutions for the removal of each of Iain Dunstan, Peter Clare, Andrew Daniele Frances Pipolo and Anthony Jude Lally. (0-1)
* BPS Technology - Expected that 150 gold coast merchants will have Alipay access over next quarter & 1,200 merchants on coast, Melbourne and Sydney this FY Source text for Eikon: Further company coverage:
BPS Technology Ltd (ASX:BPS) continues to execute its Bartercard growth strategy in North America, opening six new franchises across the U.S. in a record-breaking month. The company’s U.S. business network has now grown to 18 franchises, with a presence in eight states which represent 25% of U.S. economic output. Bartercard is a B2B digital currency tool that allows business owners to barter or trade their goods and services between one another without the use of cash.
BPS Technology Ltd (ASX:BPS) will acquire Entertainment Publications Australia and New Zealand, a business-to-consumer deals platform which produces the Entertainment Book and the Entertainment Digital Membership. The acquisition will provide a fairly immediate financial benefit, and will boost BPS’ growth profile with FY17E pro forma revenue growth of 118% and FY17E pro forma EBITDA growth of 49%.
BPS Technology Ltd (ASX:BPS) has snared an agreement for Australian health food company Morlife, based on the Gold Coast to sell its health foods on Alibaba’s (NYSE:BABA) 1688.com trade portal. Morlife, an Australian manufacturer of functional foods, is the first of BPS's merchants to gain access to Alibaba’s sales and web portal. The deal is a coup for Morlife as it gains access to the world’s fastest-growing health-food market, This is part of an agreement that BPS inked with listed online billing provider SmartTrans Holdings Ltd (ASX: SMA) to promote and sell products in China via e-commerce giant Alibaba.
SmartTrans Holdings Ltd (ASX:SMA) is a technology company with a mobile billing and payments platform in China.
BPS Technology Ltd (ASX:BPS) has expanded the reach of its Bartercard operations in North America with the sale of three new franchises in Tennessee, California and Georgia. Bartercard is a B2B digital currency tool that allows business owners to barter or trade their goods and services between one another without the use of cash. BPS is a profitable company, earning a net profit after tax of $3.5 million in 1H2016, up 7.
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