Activities

Provision of secure transaction systems and services to the international banking, telphony, retail, and security markets, using a range of smart and magnetic card solutions

In the recent Agm the chairman said "the company has made a positive start to the financial year and the board remains optimistic about prospects for the business."

Pre-tax losses have also nearly halved from 6.4 mln to a loss of 3.4 mln on cost cutting. They have also had a successful fund raising.

Also chart indicators show that it may be time for the next leg upwards past recent resistance at 7.5p. and please remember you are responsible for the timing of your own buying and selling actions.




gf.

News out at 5.51pm last night headline only "Government selects ID cards partner" taken from Electronics Government Magazine, this is a subscription site so I could not read full story.

It aint IDD I'm afraid Q!!!

Hi all,

4.75 today
Some Oct 2003 posters said 28p.I said 20 p less.Virtually all posters
subjected me to the most terrible personal abuse.
rgds aj

Why would anyone sell 100.000 shares at 4.25p when mid at 4.75??????????

A mistake somewhere ?
rgds aj

ID Data PLC
11 June 2004


Press Release 11 June 2004


ID Data plc to acquire CardBASE Technologies Limited

ID Data plc ('the Company'), the smart-card systems company, is to acquire
CardBASE Technologies Limited, a leading developer of smart card management and
prepaid purse solutions to the retail financial services market, subject to
approval by shareholders.

CardBASE Technologies, Dublin supplies prestigious customers with software to
mass issue smart cards in banking, retail and security environments. One of
Europe's leading central banks uses CardBASE's smart card management solution
MASCOT to issue smart cards with digital certificates as part of a public key
infrastructure (PKI). British Airways employs CardBASE to monitor and furnish
ex-gratia passenger and crew payments around the world. CardBASE supplies the
payments infrastructure for ValuCard, Nigeria, a system used by 43 banks.

For the 12 month period to December 2003, CardBASE sales revenues were 2.1
million and pre tax loss was 1.7 million. At time of acquisition net
liabilities will be 0.4 million having charged all development costs against
profits. Going forward, a combination of lower costs, together with new market
opportunities introduced by ID Data, should lead to a positive contribution in
the medium term.

The acquisition reflects ID Data's strategy of building a strong position using
intellectual-property products in the smart card arena, complementing revenues
derived from high-volume manufacturing. CardBASE products are licensed,
offering prospects for significant new customers and recurring revenues in the
coming years.

ID Data expects CardBASE's annual turnover to increase as its new parent company
introduces market opportunities among retail banks, which are mandated to adopt
smart cards to combat fraud by 2005 as well as other markets such as national
identity cards.

The acquisition consideration of 3.42 million (2.28 million) is being financed
by the issue of 32,639,973 million shares in ID Data plc priced at 7p for the
entire share capital of CardBASE. CardBASE's existing institutional
shareholders are also subscribing for 10,975,429 new ordinary shares in ID Data
at 7p for a total of 1.15 million (0.77 million). These funds will be used to
provide ID Data with additional working capital which will be used to grow the
CardBASE business and enhance its market presence. The new ID Data shares will
be held for a minimum of six months by the vendor institutional shareholders of
CardBASE who include, Bank of Scotland (Ireland) Ltd, a member of the HBOS plc.
ICC Equity, Eastbound Consultores e Servicos, Portugal and LTG International.
The senior management of CardBASE will remain to assist ID Data in developing
the business.

The acquisition is subject to the approval of ID Data shareholders, who are to
vote on the offer and the increase in share capital at an extraordinary general
meeting on 6th July, 2004.

Application will be made for all the new ordinary shares to be admitted to AIM.
It is expected that the new ordinary shares will be admitted to AIM on 7th July
2004.

Peter Cox, Chief Executive of ID Data plc, said: 'This important acquisition
strengthens our position as a provider of complete smart-card solutions,
enabling us to compete with the largest providers in the market. It better
equips us to supply not only banks, but also the UK and other governments that
are either considering the introduction of identity cards or reviewing their
requirements in that area.

'ID Data products already enable customers such as Capital One and Abbey to
generate high volumes of secure keys for chip-and-pin smart cards. CardBASE
will enhance our ability to win customers by delivering additional proven
technology that is currently being used by other major companies in our
markets.'

Maurice McHenry, Director of ICC Venture Capital & Software Partners, the
Dublin-based venture capital fund subsidiaries of Bank of Scotland (Ireland)
ltd, who are selling their majority stake in CardBASE to ID Data, said: '
CardBASE has proven skills and major clients utilizing software and smart card
technology. The merging of ID Data's card delivery solutions and software with
CardBASE will bring major opportunities for the combined business.'

For further information, please contact:
ID Data plc
Peter Cox, Chief Executive Tel: +44 (0) 1536 207 000
Email: peter.cox@id-data.co.uk www.id-data.co.uk
ICC Venture Capital & Software Partners
Maurice McHenry, Director Tel: +353 141 55367
Email: mmchenry@icc.ie
Media enquiries:
Bankside
Peter Curtain / Heather Salmond Tel: +44 (0) 20 7444 4140
Email: heather.salmond@bankside.com www.bankside.com
Notes to Editors:

ID Data plc (the 'Company') is a significant supplier of secure-transaction
systems and smart-card services to the international telephony, banking, retail,
and secure-access sectors. The Company's strategy, to move from commodity
products to value-added services and solutions, has created a solid platform on
which to build further growth. The Company's clients have included EDS (Post
Office Counters), Barclaycard, Vodafone, Nectar, Tesco, the Automobile
Association, Esso/Exxon and, in Poland, the Premium Club loyalty card scheme.
The Company has formed agreements with major global corporations to facilitate
rapid market development including partnerships with Toshiba and Toppan of
Japan. The Company has delivered in excess of 17 million chip cards to the
banking market in the UK.

The Company was founded in 1988 and was listed on the AIM market of the London
Stock Exchange in October 2000.



Ends

More pleasing news, 2nd price hike this week, 1st when nowtbut sell trades forweeks. xfinger for continuing rises. ;o}}

Stick with this one on the up. Looks undervaluedhttp://news.independent.co.uk/business/citywire/story.jsp?story=530510

Yet more evidence to remain very bullish about IDD
Iam definately holding on to my shares in this one

Cant make up my mind weather to add to IDD, this share moves very slow

Institutions appear to think ID Data is smart
Published: 14:38 Fri 11 June 2004
By Joanne Wallen, Associate Editor


Institutional investors seem happy to value ID Data at 7p per share even if the rest of the market is lacking in such confidence, but today's placing and acquisition add power to the smart card maker's story.
ID Data (IDD) is funding the acquisition of CardBase Technologies through a placing of 32.6 million shares at 7p, a considerable premium to where the shares were trading yesterday at just 4.88p.
This is the second time in the past three months that ID has raised cash at 7p, the first being in March when it bought card maker Mids & Horsey.
The company is paying 2.28 million for CardBase. CardBase's existing institutional shareholders are also subscribing for 10.9 million ID data shares at 7p, giving the company an additional 770,000 of working capital.
CardBase has developed card management software for smart cards, the chip-based cards that should by next year be used by all major banks. Any issuer of smart cards will need a card management system, and this includes the government if it goes ahead with the national identity card scheme.
Cox presented the ID Data solution for the identity card scheme a couple of weeks ago at a conference run by IT trade association Intellect and attended by Home Office and industry personnel to debate the next steps for ID cards in the UK.
Winning a contract to supply cards for the national ID project would clearly be a major coup for ID Data, and Cox believes the company has exactly the right technology for the job.
Cox reckons CardBase, a Dublin-based business, has had investment of some 30 million to date and has some 'very good products' that are a 'very good fit' with what ID Data does. He says the companies products are just what are needed by ID Data's customers.
Cox pointed out that AIM-listed Intercede, a CardBase competitor, has similar turnover and losses (CardBase turned over 1.38 million with losses of 1.1 million in the year to December) and is currently valued at about 8.5 million
CardBase has some high profile customers, including one of Europe's leading central banks, which uses its digital certificates software as part of its public key infrastructure (PKI) security system. British Airways also uses CardBase to provide smart card-based ex-gratia payments to passengers and crew that have been unable to get on over-booked flights.
'This acquisition takes us up the value chain and gives us more intellectual property,' said Cox.
As to actually selling the cards, things are apparently starting to pick up. The company announced at the end of April that it was negotiating the final stages of a deal with GE Capital to supply, personalise and distribute all GE Capital store cards in the UK. The agreement is expected to last two years and to generate additional annual revenues for ID Data of between 1.5 million and 2 million.
There should also be some further news of progress next week.
Shares are currently up 0.25p at 5.125p, valuing ID Data at 14 million.

Citywire Verdict:
It has been a hard slog for ID Data, but also for all of its larger smart card competitors.
Smart cards are gradually now starting to replace magnetic cards for banking purposes, and chip and PIN, where customers enter their PIN code at the point of sale, is starting to be adopted by UK banks and retailers
his should gather momentum as the 2005 deadline imposed by MasterCard and Visa on UK banks approaches.
We tipped ID Data at 4p in August last year for the high-risk punter only, and so far shareholders have had a bit of a roller coaster ride.
The shares may well have been held back by the number of institutions that have been made 'insiders' over the past few months with the recent deals pending, and who therefore have been unable to trade in the shares. It is possible that this situation will rectify itself after next week, but in reality the main thing that will put some momentum into the share price will be strong contract news.
Certainly worth holding on, and for those prepared to take a punt, it should be worth picking up some shares now at a 21% discount to what the institutions have paid. But we have said all along that the jury is still out on this one and it may remain out for a little longer yet.


http://www.citywire.co.uk/instrument/default.asp?vid=66018&kid=155&uid=&cid=&ctid=1&sid=&fid=&iid=&type=&dateEnd=11/06/2004%2023:59:59&rurl=/instrument/default.asp&PageNumber=3

Quote:
goldfinger - 14 Oct'03 - 09:21 - 2 of 265

Its started very well again this morning and is well up. Next resistance point on the carts is 25p, yes 25p. Should be shed loads to come.



Did you hold for 25p or sell g/f?

Well known fact that I have sold all my tech shares and did warn months ago, on the worsening geopolital outlook and world interest rate rises and inflation.

I made a fantastic return mind.

I also informed all posters on the GF thread that I was actually doing that, and repositioning the portfolio, and I happen to think thats a very responsible action rather hanging onto momentum led tech shares in the dodgy markets we have had over the last few months. Mind I expect the majority of people have taken my lead, my appoligies thirdeye if you did not have the foresight to do that in this stock. Remember I always give a warning that a poster is responsible for their own timing of there buying and selling actions.

GF.

Is this company making any money or are they running at a loss. Do they have large borrowings, in other words are they worth buying. Your views would be appreciated.

GF-no need for appologies or explanations you just have to look back,as you said to your other comments.Value your input on these pages(freedom of speach and all that),but...........can you change the heading 'upside from ..'has been annoying over last few months-lol
cheers
mick

IDD wins Citibank contract and extends PO bank contract
More good news !
Good luck to all holders of IDD

ID Data PLC
14 June 2004

Press Release 14 June 2004


ID Data wins Citibank and extends EDS Post Office bank contract



ID Data plc, the smart-card systems company, has won an exclusive contract to
design, develop and personalise Citibank chip-and-pin cards for the UK market,
enabling Citibank, the world's largest card issuer, radically to reduce the risk
of fraud. The exclusive contract, which will generate additional revenues for
ID Data of between 2 million to 3 million over the initial two years of the
contract, covers 'Citibank' debit and credit cards.



Further to its announcement of 29 April 2004, ID Data has also now begun
production for GE Capital, the UK's biggest store-card supplier.



ID Data also announces the extension of the contract with Electronic Data
Systems ('EDS') to supply chip cards for the Post Office Card Account ('POCA').
The contract will now run until April 2010 and the extension will generate an
additional 8 million of revenue.



POCA has gained approximately 4 million users since its launch in April 2003 and
has grown in acceptance as recipients of Government benefits adopt 'smart cards'
offering banking type services to a wider audience. It is estimated that over
the life of the contract, there could be up to 19 million POCA cards in use to
manage benefits and pension payments.



Peter Cox, Chief Executive, ID Data, said: 'Citibank is a world leader in
credit, store and debit cards and this win strengthens our objective of becoming
a leader in card supply to European financial services. With Citibank and GE
Capital as clients, we will now be servicing the two world leaders in retail
credit.



'The extension of the POCA contract so early in the relationship rewards our
performance on this important project, the UK Government's largest smart-card
initiative, and could assist us in becoming a potential supplier of the proposed
UK National ID Card.



'These contracts, together with ID Data software solutions currently being
implemented by Capital One and Abbey for their chip-card deliveries, shows we
are gaining recognition as a supplier to the global banking sector, to which we
have delivered more than 17 million chip cards to date.



'ID Data is developing its technology base and with the recently announced
acquisition of CardBASE, we are very well positioned to now not only tackle the
card issue but also the back office management of the mass roll out of Chip and
PIN cards.



'A major strength of our marketing proposition in card supply within the
financial sector is our Joint Venture with Toshiba, a large producer of silicon
chips. This relationship will protect us from any potential scarcity of silicon
as demand increases with the global deployment of bank and GSM smart cards.



'The Citibank, GE Capital and POCA contracts build ID Data's recurring revenue
and confirm the Company's ability to win and retain significant business in the
financial retail sector.'



The Citibank contract will be processed through ID Data's new Financial Services
Centre of Excellence based in Petersfield, Hampshire.





For further information, please contact:
ID Data plc
Peter Cox, Chief Executive Tel: +44 (0) 1536 207 000
Email: peter.cox@id-data.co.uk www.id-data.co.uk
Media enquiries:
Bankside
Peter Curtain / Heather Salmond Tel: +44 (0) 20 7444 4140
Email: heather.salmond@bankside.com www.bankside.com

Notes to Editors:

ID Data plc (the 'Company') is a significant supplier of secure-transaction
systems and smart-card services to the international telephony, banking, retail,
and secure-access sectors. The Company's strategy, to move from commodity
products to value-added services and solutions, has created a solid platform on
which to build further growth. The Company's clients have included EDS (Post
Office Counters), Barclaycard, Lloyds TSB, Vodafone, Nectar, Tesco, the
Automobile Association, Esso / ExxonMobil and, in Poland, the Premium Club
loyalty card scheme. The Company has formed agreements with major global
corporations to facilitate rapid market development including partnerships with
the Japanese companies Toshiba and Toppan. The Company has delivered in excess
of 17 million chip cards to the banking market in the UK. The Company was
founded in 1988 and was listed on the AIM market of the London Stock Exchange in
October 2000.


Ends

are we to see 7p to match new float price? heading rapidly that direction ;o}}

Up 17% to 6p