Information  X 
Enter a valid email address

Forte Energy NL (FTE)


Thursday 20 October, 2016

Forte Energy NL

BOS Revenue and Products Update

                                                                               BOS GLOBAL Holdings Limited
                                                                                           ACN 009 087 852

                                                                                               AIM Release
                                                                                           20 October 2016

BOS Revenue and Products Update

BOS GLOBAL Holdings Limited ("BOS" or "the Company") (AIM: BOS), is pleased to provide the following update
on its operations.

BOS  Distributions Pty Ltd ("BOS Distributions"), a wholly owned subsidiary of BOS GLOBAL Holdings  Limited
("BOS"),  has signed a binding Heads of Agreement with Ag-I Solutions Limited ("Ag-I Solutions") to  secure
distribution of Ag-I Solutions products.. The agreement provides for global master distribution  rights  to
be  granted to BOS Distributions including the exclusive rights to brand, market and resell Ag-I  Solutions
products and intellectual property globally, excluding the territory of Malaysia. It will also provide  BOS
with first option to acquire existing, future and jointly developed intellectual property.

AGI  Solutions  ( is a software development and licensing business  headquartered  in
Hong  Kong with a portfolio of successful, enterprise level cloud based solution products covering Records,
Document, Workflow and Meeting Management.

Grant  Chapman  (BOS Chief Innovation Officer) commented "Ag-I Solution products are a very compatible  and
complimentary  match  for  BOS360 Work Patterns Platform as a Service, and the agreement  we  have  reached
provides  the  opportunity  to  both  expand our existing product  offering  and  broadening  our  adjacent
technology needs."

The agreement with Ag-I Solutions will deliver BOS a suite of proven solutions for immediate deployment and
revenue generation and will incorporate a license to modify all product source code for further development
and integration into the BOS360 Work Patterns (PaaS).

Steve Kucia Ag-I Solutions Limited (Group Managing Director) said: "Over the past 5 years the Ag-I team has
been steadily building a solid business focussed on a suite of very defined enterprise grade products.  Our
core capability is in software development, so it makes perfect sense to leverage BOS' marketing and global
sales capabilities and to be part of the larger opportunity with the BOS360 Work Patterns rollout."

The key benefits for BOS that are expected to flow from this agreement are:

1.      Immediate  opportunities for deployment of product and generation of revenue  via  direct  and
        reseller channels.
2.      Lead generation opportunities through channel referrals from existing customer base.
3.      Sales opportunities of BOS360 Work Patterns (PaaS) to existing customers and related channels.
4.      Collaboration opportunities and technical expertise via the Ag-I Solutions development team, and
5.      Reduced operational expense in terms of BOS expansion, software development and support costs.

Michael  Travia (BOS Managing Director) commented: "I wish to thank the executive teams from both AG-I  and
BOS  for their hard work in securing this agreement. I am very excited about what the combined efforts  and
skills  of both parties can deliver going forward. The agreement represents an important milestone for  the
'fast tracking' of both product and revenue for BOS."

For further information contact:

Michael Travia, Managing Director
BOS GLOBAL Holdings Limited              Tel: +61 (0) 8 9322 4071

Oliver Morse
RFC Ambrian Ltd                          Tel: +61 (0) 8 9480 2500
(AIM Nominated Adviser to the Company)

BOS GLOBAL Holdings Limited

Suite 3, Level 3
1292 Hay Street
West Perth WA 6005
Ph: +61 (0)8 9322 4071
Fax: +61 (0)8 9322 4073
Email: [email protected]

Forte Energy NL

a d v e r t i s e m e n t