News: HLO Helloworld updates on AOT Group merger

May 4 (Reuters) - Helloworld Ltd (HLO) :

• Merger update (HLO)
• Helloworld advised that $13.2 million of synergies have now been identified

  to date

• On target to exceed the original $7.6 million of synergies estimated in the

  explanatory memorandum prior to the merger

• Further advises that cost savings on an annualised basis totalling $3.9

  million have been identified and are currently being actioned

• Expect to see a very positive upward trend in earnings in FY 2017
• Was on track to achieve significantly improved result in FY 2017 through a combination of tight cost control, margin growth and improved TTV