Some good news at last from this weeks Shares mag. Tim Freeborn revisits the company and altho no firm details are given about new deals he says they will be announced this quarter. I would think that this could be at the same time as the interim results are announced. I for one will be holding on cos they will fly sooner rather than later! ( 8.30% up today!)

More detail (giving value of deal!)
earthport plc ("The Company")




earthport signs agreement with The Global Invoice Corporation



earthport plc, the electronic payment services company (EPO.L), has signed an
agreement to host, on the earthport UPN platform, the transactions for the
innovative electronic Invoyce system supplied by The Global Invoice Corporation.



Invoyce is a formatted messaging system for sending, receiving and inputting
invoices, credit notes and remittance advices for all business-to-business
transactions around the world and was designed by The Global Invoice Corporation
to address the accelerating demand for a B2B e-invoicing solution.



The system eliminates the need for suppliers to print and post their invoices
and confirm receipt of documentation. Suppliers can upload information straight
from their accounting systems onto the invoice, eliminating the need for manual
keying of information and saving up to half of the estimated 20 cost of
processing a paper invoice.



Invoices arrive in a standardised electronic format eliminating the need for
customers to incur processing costs involved in opening, checking and keying in
the information into their invoice receivables system, as the batch file of
invoices can be downloaded straight into the organisation's Accounts Payable
system.



As invoices transmitted through Invoyce are considered legitimate documents
(Customs and Excise notice 700/63 December 2003) in their own right, users do
not have to bear the cost of storing paper invoices received (invoices need to
be stored a minimum of 7 years in the UK - every country has different
legislative requirements).



Alistair Binnie, presently Managing Principal of Oxford Consulting Associates, a
strategy and change management consulting firm, is heading up The Global Invoice
Corporation.



earthport will earn a once only licence fee of 1,992,000. In addition
earthport will receive 50% of Invoyce net revenues in excess of the licence fee
over the five-year period commencing December 2004. earthport revenue for year
two as predicted by The Global Invoice Corporation is 3,969,000.



Rob Cunningham, earthport CEO, said, "Invoyce is a massive opportunity for
earthport which will produce solid revenue from an entirely new field of
activity. An important feature is that the lead time for implementation is very
short and the joint proposition is very compelling."



Alistair Binnie, The Global Invoice Corporation CEO, commented, "We're delighted
to have earthport's rock-solid technology supporting our service. With such
high volumes of secure messages being routed through us from around the world,
earthport's capability and technical excellence make it the obvious choice for
our business."

At last a real deal with cash payment. should recover to 2.5p- 3 level

Gave up on this share a while back.

Surprised to see todays big rise but will it last?

Still got no confidence in EPO

got out a long while ago . well done to those who got in at the bottom,.

Well done to all of you who stuck with it, I sold out two weeks ago and bought PDX again so no complaints. Hope it gets better and better for you.

The news is only just out and already a massive hike in the sp today. Large buying vols so all the penny share tipsters will be filling their boots.When joe public get to hear about this from the papers and tipsheets the price may be 5-10p.

Realistic

5-10p doesn't sound Realistic!

Its a couple of million smackers! No licence revenue until well down the road but the key thing is that there is cash to see the company through to the upgraded systems and it also looks like a good new application area. Out of the share (can't be everywhere) and have been busy decorating son's new home so missed the immediate buying opportunity. Will take a view tomorrow depending on trading. Congrats to the faithful! What's the view from The Magpie, Jonny?

Eric

the view is it has seen the bottom and there is only upside from here on.

yes this rise may go too far too fast, but when the dust settles there will be more good moves in store.

EWRobson - 24 Nov'04 - 17:38 - 647 of 648

Can you confirm licence fee is payable up front, do you know anything about The Global Invoice Corporation Ltd, check latest accounts and balance sheet, when you do tell me where the money is to pay upfront 2m licence fee, maybe i need a crash course to teach me the art of creative accounting.

A little reminder there of who's really in charge of the stock market.
regards

Haven't followed this up properly, but isn't it a little odd that a Board Director quits less than a week before an (apparently) significant contract win? Or was this related to the Baltimore court case or something else entirely?

Otherwise, how many people on here are just looking to recoup their losses before heading for the exit ??

16.54 An interesting end to the day and somebody knows something. Will look forward to see what is announced tomorrow. Aroma.

jw deserves response to his questions. Info. please on Global Invoice Corporation. RNS reads more credibly than previous effort. Oxford Consulting man at head. Financial Analysts as co-signatories. Short implementation period, apparently by end-December, so not long to wait. We know that strength of earthport is in their IT systems and links to financial institutions so appears credible. Good to put this one to bed.

Eric

surely all we can hope for is contract wins and then pray they come to fruition. Well I do as i am not selling or topping up as I have said previous I hold 440k averaged at 3.25p approx. Have to be honest I am not even doing any research anymore on EPO as I will risk the downside. Is anyone going to the AGM?

EWRobson - 26 Nov'04 - 08:58 - 653 of 654

Thanks for your response.

I suppose time will prove one of us being right, however i have genuine concerns about what this partner can deliver including upfront payment, quite simply when one looks at this companies balance sheet it does not strike me they can deliver numbers mentioned in RNS but stress only my personal opinion.

After having spoken to a colleague who had spoken to epo they say that global invoyce corp already have 20 clients currently, also the statement made clearly states that epo will EARN a one off licence fee of 1.9m, and not be paid up front. So the the first 1.9m will go to epo and then it will be on a 50% basis. Epo say they have trialled the invoicing system themselves and it works well. So again no upfront money and hoping on the success of electronic invoicing which is requied in Europe, but not law in the uk. But with invices required to be kept for 6 years it is a nightmare to store and gain quick access.Mr Binnie is just a one man band, not able to find any history on him, but sounds genuine. I tried to speak to him and he said he could not without Rc being with him, so at least he has some ethics.

ssanebs

Good post! Keep us posted, please.

Good in that supports the genuineness of the situation: Binnie is real; the contract is clearly real; there are actual customers. Not so good is that there is no significant impact on cash flow. The RNS states: "... will earn a once only licence fee of 1,992,000". This is not inconsistent with the post but it ahs been written, I suspect, to give the idea of money up-front.

Can you shed any more light on the inter-consult deal? I suspect that the two deals are similar: with start up companies for whom a realtionship with epo is a WIN/WIN situation. Nothing wrong in that but it leaves the cash flow issue. I suspect also that we need to see that resolved before the share holds any advance.

Eric

ssanebs,

20 clients..annual t/o..is ? SFA , please check their accounts at companies house for details..

1.9 million ...where did this number come from?!!..(you get one guess), I think I will write a budget for a new business client today, and I will show that I will pay myself 5million (over time) based on these err 'projections...' hands up all those that think I have it about right?

Mr.Binnie is a 'one man band'...correct. And I and a collegue did speak to him, shortly thereafter when another poster over on advfn tried to validate my conversation, he was told that he had been warned not to discuss this public RNS (with contact details at the bottom) as they were in a 'closed period'.

Now how is this Global business going to grow from 20 clients (SME's) to the 2 million it will need to meet these projections (do the math..great exercise, could be more could be less, but hey my guesses seem as good as anyone elses)..

As for storing invoices..nearly all accounts packages can do this, and if you insist on having them in document form then almost all DMS and workflow packages will do it....including the storage (storage is very very cheap) the cost is SFA..(relatively)..average retrival time is less than 3 seconds..still you could call that a nightmare..A standard 80gb hard drive could hold upto 500,000 to 3 million invoices, depending on compression techniques and format..most SME's issue how many a year?

What MD/CEO do you know that cannot answer questions about their own business unless a 'suppliers' CEO is holding their hand..or if you were being unkind, pulling their strings? The answer would be, one whose business is not long for this world perhaps?

Please. Get real, step back and look at the track record here and then tell me that you believe every word you have written..Please tell me how much revenue you expect the last two deals to contribute over the next 3,6,12 months.

When a business is effectively a start-up, at best you can have hope, at worst look at the average life of a start-up and how many exceed...and please bear in mind XML, edi etc etc are not new concepts..go to talk to the companies that are actually doing it/selling it now..please check out how the competition are handling this..

I'll come back when I have stopped laughing.

Tradx - 06 Dec'04 - 20:49 - 658 of 658

BB posting of the year !!