New Contract Award - USD300k

Westminster Group PLC 04 July 2007 For Immediate release 4 July 2007 Westminster Group plc: New Contract Award US$300,000 Security System installed for leading West African Banking Group Westminster Group plc, the AIM listed supplier of system solutions and products to the security, defence, fire protection and safety markets worldwide, announces that it has been awarded a new contract by one of West Africa's leading banking groups, Ecobank, with an initial value of US$300,000. Ecobank is the leading independent regional banking group in West and Central Africa, serving wholesale and retail customers. It has a network of over 350 branches across 18 countries throughout West Africa.. The award follows the success of a pilot installation of Westminster's banking security system in one of Ecobank's principal offices in Accra, the capital of Ghana. During the first week of operation, the system identified a major suspect transaction which led to the successful recovery of substantial funds. Thanks to the immediate success of the pilot installation, this contract has been awarded to roll out the integrated system to a further 6 branches in Ghana. Each of the six branches will be fitted with advanced integrated intruder detection and surveillance systems, all networked and capable of being monitored centrally from Ecobank's headquarters. It is Ecobank's intention that Westminster will install the system throughout its entire branch network Commenting on the contract award, Peter Fowler, Chief Executive of Westminster Group, said: 'We see great opportunities for Westminster in the African, Asian and Middle Eastern markets. Our strategy of providing consultancy advice and technical support at a local level through our international agency network will, we believe, enable us to generate significant additional revenues from these regions. In this particular case, the potential to supply the system to Ecobank's entire branch network including ongoing maintenance and technical support would substantially boost our recurring revenues' Enquiries: Peter Fowler 01295 756 300 Chief Executive - Westminster Group Plc Clive Carver 020 7600 1658 JM Finn & Co Tom Cooper/Paul Vann 0117 920 0092 Winningtons Financial Notes: Westminster Group plc is a leader in the supply of system solutions and products to the security, defence, fire protection and safety markets worldwide. It was admitted to the Alternative Investment Market of the London Stock Exchange in June 2007 at which time it raised approximately £2.5million net of expenses by way of a Placing of 4,537,336 new Ordinary Shares at 67.5pence per share through J M Finn & Co Ltd, the Company's nominated adviser and broker. Its market value at flotation was £10million. Westminster's principal activity is the design, supply and ongoing support of advanced technology security solutions. These can range from product only assignments, such as the supply of specialised scanners, to the design and implementation of an integrated system solution such as a border detection and surveillance system. The majority of its customer base, by value, comprises governments and government agencies, non governmental organisations and blue chip commercial organisations This information is provided by RNS The company news service from the London Stock Exchange
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