GB Group PLC
22 August 2003
Embargoed for 07.00 Friday 22 August 2003
GB GROUP PLC
GB Group plc Signs Three-Year Contact With Directory Enquiries UK
GB Group has signed a three-year contract to supply name, address and telephone
number data, plus associated software to Directory Enquiries UK Limited - one of
the key players in the newly deregulated directory enquiries market which is
estimated to be worth in excess of £300 million a year.
GB Group has tailored a dedicated version of its GB Accelerator product, called
Accelerator 118, to capitalise on this and other opportunities in the directory
enquiry market.
Directory Enquiries UK - which launched its 118 800 service on 21 August 2003,
will pay GB Group a fixed annual licence fee, plus a royalty every time it uses
GB Group's database and Accelerator 118 software to handle directory enquiry
calls. The contract with Directory Enquiries UK has a potential value to GB
Group of up to £0.5 million over three years.
Richard Law, Chief Executive of GB Group, commented: 'This new contract
demonstrates GB Group's ability to rapidly adapt its core technologies to
address new market opportunities. The deregulation of directory enquiries means
that there are now seventeen providers of directory enquiry services rather than
one and this represents an opportunity for GB Group to secure more licence and
royalty based contracts such as this one.'
Murray McPherson, director and co-founder, Directory Enquiries UK, said: '118
800 is being launched to bring clarity to a confused market by offering one
number, quickly, courteously and at a lower cost to the end user than any other
provider. It is our aim to secure a market share of 10% and the quality and
integrity of the information stored within our databases is crucial to our
service. GB Group's Accelerator 118 product will help to ensure our database and
service is amongst the best in the business.'
- Ends -
For further information, please contact:
GB Group plc
Richard Law, Chief Executive 01244 657333
Weber Shandwick Square Mile 020 7067 0700
Richard Hews
Christian San-Jose
Website www.gb.co.uk
This information is provided by RNS
The company news service from the London Stock Exchange
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