Girovend Cashless - Joint Venture Agreement
17 Febbraio 2000 - 12:42PM
UK Regulatory
RNS Number:7546F
Girovend Cashless Systems PLC
17 February 2000
GIROVEND CASHLESS SYSTEMS PLC
AGREEMENT WITH INTEGRATED DENTAL HOLDINGS
TO CREATE INTERNET PORTAL FOR DENTISTS
GiroVend Cashless Systems PLC ("GiroVend") today announces that
it has agreed with Integrated Dental Holdings Ltd. ("IDH") to
create the UK's first vertical market internet portal for the
dental sector.
At the end of 1999, GiroVend announced its vision to become a
leading European business-to-business ("B2B") internet company,
with a series of vertical market hubs and horizontal value
added services, drawing revenues from the provision of
transactional services to a comprehensive range of vertical
markets.
On 31 January 2000, GiroVend made its first internet related
acquisition with the purchase of Proactive Interactive, a
provider of 360 degree management profiling and training with
intellectual property geared towards the internet.
The venture with IDH further develops GiroVend's European B2B
internet strategy. The collaboration will create a portal for
use by dentists in the UK containing rich industry-related
content, comprehensive information on suppliers and e-commerce
facilities.
IDH is the UK's largest operator of dental practices employing
over 350 dentists in 78 dental practices with over 500,000
registered NHS patients and a growing number of private
patients. IDH also has specialist centres for implantology and
orthodontics and owns the UK's largest dental laboratory, PWS.
Paul McGrane, Chief Executive of GiroVend said:
"We are delighted to have signed this joint venture agreement
with Integrated Dental Holdings. Domain understanding is key
to the success of any portal; working with the UK's largest
multiple dental practice will enable us to get our first
vertical market portal off the ground quickly."
Enquiries: Paul McGrane, Chief Executive Tel: 01628 539000
Robin Fieth, Finance Director
Integrated Dental Holdings Tel: 07973 269916
Matthew Allen, Chairman
Steve Liebmann
Buchanan Communications Tel: 020 7466 5000
About GiroVend:
GiroVend Cashless Systems is Europe's leading provider of money
substitute solutions for in-house catering, vending and other
related payment services. The Group's systems are designed to
eliminate the problems and costs associated with traditional
cash handling by replacing coins and notes with electronic
purses in the form of magnetic stripe and smart cards or tags.
GiroVend's systems are also designed to work with a wide range
of other applications to deliver efficient control solutions
for managed environments based on multi-function staff and user
cards or tags.
Mondex UK Limited holds a 6.28% stake in GiroVend and is
represented on the GiroVend Board by its Chief Executive, Ron
Clark.
END
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