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.

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

looking at no. of sells lots investors think NOT !!!!!!!

I picked them as my second Stockpick at4.5.My previous posts referred
to 20p overpriced.However,they came down so low I felt they were underpriced.
rgds aj

Nice to see blue again

Next stop at least 7p?

5.88.I think profit taking has kept it so low as excellent press release.
rgds aj

Fickle round here init lost most Mon. gain allready,

Why worry what negative holders think of an excellent press release?
rgds aj

Just concentrate on what the Company is doing and achieving. Up to now Iam happy with the way things are and the direction of IDD

Correct.Investors often focus on the share price.Why?Share price merely means
buyers/sellers/holders assessing information differently.All that matters is
the correct analysis of information.PRESENT share price is only relevant if
investors want to buy/sell/hold NOW.
rgds aj

Your actually talking some sense Arjen, keep it up...

AdieH,
This is a business board.
rgds aj

Citywire update:-

ID Data to make Citibank smart
Mon Jun 14 17:17:12 BST 2004
As Citywire predicted, smart card maker ID Data has announced a significant deal today with Citibank to supply chip-based debit and credit cards to the world's largest card issuer.

We said on Friday, when ID announced the acquisition of CardBase Technologies, that it looked as though news of a deal was imminent, and it is particularly good for the company that the customer is such a well known name.

ID Data (IDD) has won the 'exclusive' contract to provide Citibank with chip-and-pin cards for the UK market. The deal is expected to generate revenues of between ?2-3 million for ID Data over the initial two years of the contract, depending on the number of new chip cards that the bank issues to customers in that time.

The Citibank win follows confirmation of a deal with GE Capital, which is the UK's biggest store-card supplier and, according to ID chief executive Peter Cox, is the number two card issuer in the world behind Citibank.

Clearly the hope is that if ID Data does well for these businesses in the UK, it will win further business internationally. The company has a history of doing this in its magnetic card business, where it won Esso Exon's business in the UK, expanded into Europe and eventually ended up supplying the oil giant's cards around the world.

As well as the Citibank deal, ID also won a significant deal extension with Electronic Data Systems (EDS) to supply chip cards for the Post Office Card Account (POCA). The contract originally had two years to run, but has now been renewed until April 2010, which is expected to generate an additional ?8 million of revenue for ID Data.

There are some 1.8 billion magnetic debit and credit cards worldwide and all those that are Visa or MasterCard-backed need to be converted to chip cards by next year. 'We have a massive market to go for,' said Cox.

Shares gained 0.875p to 6p.

Citywire Verdict:

We pointed out on Friday that institutions have twice this year been prepared to take part in a share placing at 7p per share, and the market has yet to catch up with institutional enthusiasm.

The customer wins are important proof that ID Data, a small UK player in a sea of giants such as Schlumberger, can win key business with major names.

A few more of these and the shares, originally tipped by us at 4p in August last year, should finally start to motor.

The business may not quite be out of the woods yet, but things are starting to look up, and it is still time to buy in for those that like risk.

Good news,
rgds aj