(Part of the Nexbis announcement dated 05/03/2010 ASX)
"Nexbis CEO Johann Young stated,
TrustDefender has a number of existing Tier 3 Financial Institution contracts in multiple jurisdictions and has recently been awarded a Tier 1 Financial Institution long term contract in the United Kingdom. They have also won competitive tenders to supply services to a Tier 1 institution in Europe and another Tier 1 institution in the Asia-Pacific region, both of which are currently in the pilot stage and are expected to generate significant recurring revenue when the pilot phase is completed and the projects move into full commercial roll out."
{Tier 1 Financial Instition could be a major bank with 5 million customers @ $1.00 per customer thats $5million}
NBS Price at posting:
14.0¢ Sentiment: ST Buy Disclosure: Held