Excelent looking chart a breakout now occuring after 2 months of consolidation.

gf

Just some background information on the company.
About DataCash

DataCash is the only listed payment solution provider in Europe with a market
cap of 16m. DataCash processes over 2m transactions a month for its clients
with a value of over 190m per month.

DataCash provides outsourced solutions for the authorisation, settlement and
fraud management of credit and debit cards as well as direct debits, direct
credits and cheques. All transactions are accessible to merchants through a
real-time MIS Reporting Suite.

DataCash's fraud management solutions support industry initiatives such as AVS/
CV2 and 3-D Secure's Verified by Visa and MasterCard SecureCode as well as
traditional rules-based fraud screening.

DataCash's solutions are suitable for merchants selling through any channel
including the Web, Interactive TV, Kiosk, Call Centre, Interactive Voice
Response ('IVR') or even traditional High Street point of sales channels.

gf

Counting the cash
Growing blue-chip customer base.
Potentially attractive bid target.
Cash-generative, set to pay first dividend.
Compound annual growth rate of 100%.

By David Pannell
Thu 5 Jun 2003 07:43:30(102733)
(Nothing-Ventured.com)

- E-commerce transactions on the Web are are expected to increase by as much as 25% per year over the next two years. One fast-growing, but relatively small, UK company is capturing a significant slice of blue-chip business that could make it an attractive bid target.


Aim-listed Datacash, which has just changed its change its name from Auxinet, processes credit, debit and other payments for scores of businesses. Demand for its technology and services is growing rapidly, driven by e-commerce and "cardholder not present" transactions, for example through call centres.

The core of Datacash's business is a payment gateway, which communicates between merchants and acquiring banks. The underlying technology was developed over a number of years and it stands out for its robustness (99.999% availability). During 2002 the company increased the capacity of its technology to 100m transactions a month.

Datacash's blue-chip customer base is focused on betting (e.g. Ladbrokes, Paddy Power) and retail (e.g. B&Q, Homebase), with some government (e.g. Camden council), travel and financial services users. Its top 20 clients account for 75% of transactions and 67% of revenue. New customers last year included Channel Tunnel Group, Domino's Pizza and Vernon's Pools. There is a solid pipeline of potential clients.

Interviews with a selection of Datacash's customers suggest that the technology is more robust than its competitors', easier to implement and slightly cheaper.

It is important to note that Datacash does not have any exposure to fraud or credit card misuse. This is the responsibility of the merchant in "cardholder not present" transactions and the bank for "cardholder present". The business charges users an annual licence fee (about 1,000) and per transaction (100 per 1,000 swipes).

Datacash also successfully competes against large players, for example Royal Bank of Scotland and Retail Logic. American competition so far remains muted. All of these groups are potentially buyers of the business over the next two to three years.

The firm is now profitable and should be capable of increasing turnover by 20%-plus for a number of years. With 100% gross margins and low fixed costs, most of this revenue growth drops to the bottom line.

Cash generation is particularly strong and should support an inaugural dividend of 0.6p this year, providing a yield of nearly 2%. Its capital expenditure requirements remain minimal. Datacash's quarterly revenue has increased from 50,000 in the first quarter of 1999 to 740,000 in the last quarter of 2002, a compound growth rate of 100%.

Datacash is trading on a p/e of 15x 2003 earnings, falling to 9x in 2004. Given that it will increase earnings at 76% in 2004, there is significant potential upside, particularly if there is a change in investor sentiment towards growth stocks.

On our valuation of 44p, Datacash would be trading on a 2003 PE of 19x, which we believe is reasonable given its growth prospects. A take-out bid from a large competitor is a distinct possibility.

Datacash has an eminently sensible and conservative strategy. Now that profitability has been achieved, its immediate priority is to add new clients and increase transaction volumes. We believe that the company should be capable of long-term growth, both from its existing markets, such as travel - in which it is currently under-represented - and others. For instance, it has no exposure at all to the so-called "adult" market.

Travel represents up to a third of total e-commerce by value and is consistently growing at 30% per annum. Although Datacash has some customers, for example Easycar and Thameslink, it lacks penetration in the major players. These include the low-cost airlines, eBookers and Lastminute.

It can also diversify away from e-commerce to "cardholder present" retail sales, which represent more than 90% of the payment processing market. It recently started a pilot version with a well-known UK bookmaker. If it can build a presence in this market it will significantly expand its opportunities.

There is also room for geographical expansion. Almost all of Datacash's revenue is generated from the UK, where it estimates it has 30% of the market. There are some opportunities in Europe, which has a less mature e-commerce market.

Buy for the long term.ENDS.

Sounds pretty good doesnt it.

gf.

Last results from this high growth company.
It is worth noting that the share price is underpinned by net assetts of circa 34p per share.

Auxinet PLC
08 April 2003

Auxinet PLC

FINAL RESULTS
Year ended 31 December 2002


Highlights

• 2002 Operating Loss reduced to 391,000 (2001: 4.195m) before goodwill
amortisation
• Profitable since September 2002
• Cash generative since September 2002
• Forecasting sustainable profitability and cash generation in 2003
• Recommending changing name to DataCash Group plc at AGM
• Seeking permission to buy back up to 10% of shares


David Bailey, Chairman of Auxinet plc, said:

'The Board's stated objective of underlying sustainable, profitable, cash
generative growth has been realised since September 2002.

In 2003 we expect to capitalise on our strengths, our world class technology,
experienced staff and impressive client base...........we will do it with the
additional confidence of sustainable profitability and growing cash balances.

The Board will recommend changing the name of the Group to DataCash Group plc...
and will seek authority to buy back up to 10% of the issued ordinary share
capital'.

For further information contact:

David Bailey (Chairman): 0870 7274760
Keith Butcher (Finance Director): 0870 7274760

CHAIRMAN'S STATEMENT

2002 was the first full year where the Group was solely focused on our payments
system, DataCash, now the only active trading company within the Group.
DataCash's turnover grew by 30% from 2.07m to 2.70m. In September 2002 the
company reached the significant milestone of becoming both profitable and cash
generative. Group losses, before goodwill amortisation, were significantly
reduced to 391,000 (2001: 4.87m). The second half produced a loss of 114,000.

Our revenue derives from a combination of annual licensing fees and monthly
transaction fees. The transaction fees rise as the volume of transactions grows.
In the last year the number of transactions processed grew strongly to 18
million. Since DataCash's inception in September 1997 there has been growth in
both transactions and revenues in every quarter (adjusting for one-off
receipts). The underlying business model provides the framework for the Board to
have confidence that this trend will continue. The Board's stated objective of
underlying sustainable, profitable, cash generative growth has been realised
since September 2002.

We reduced our overheads significantly from 2001 levels and our costs for the
current year are expected to remain at around the same levels as in 2002. Both
the organisation and systems have the capacity to support further significant
growth in transactions, which is expected to result in increased profits.

The Group has no borrowings. Cash balances fell from 951,000 to 667,000 in the
year. Importantly, cash balances grew from September 2002 and we expect to be
significantly cash generative in 2003.

In 2002 we invested in systems and in extending our product range. As previously
reported, we have increased the capacity of the system to a theoretical 100
million transactions per month, approximately 50 times current volumes. During
the year we introduced a number of new products and are pleased that we met our
customers' needs for the support of new and additional payment methods.

Our customer base is changing, moving away from new Internet companies towards
more established high volume customers. We are pleased that a number of
international customers have selected DataCash as their payment solution
provider in the UK, reflecting our leadership in this market.

We are seeing large customers, who hitherto had their own in-house systems, now
moving to outsource this service due to the growing complexities and cost of
providing and supporting, a payments service. This is providing opportunities to
move from purely e-commerce 'Card Holder Not Present' (CNP) transactions to
physical, 'Card Holder Present' (CHP), point of sale transactions. This CHP
market is estimated to be 30-40 times larger than the CNP market. It is a
different market, but one we believe will contribute to our growth in the
future.

It is encouraging that our staff have all been with us for a considerable time,
providing a stable base from which to grow. I would like to take this
opportunity to thank them for their loyalty and commitment through 2002.

In 2003 we expect to be able to capitalise further on our strengths; our world
class technology, experienced staff and impressive client base. This year we
will do it with the additional confidence of sustainable profitability and
growing cash balances. We look forward to reporting on progress.

At the 2003 Annual General Meeting the Board will recommend changing the name of
the Group to DataCash Group plc. The name 'Auxinet' was an umbrella name under
which to trade both the payments and the recruitment businesses. As we are now
purely involved in payment processing it seems sensible to change the Group name
to reflect that. We also intend to seek authority to potentially buy back up to
10% of the Company's issued ordinary share capital.

David Bailey
Chairman

GF

Heres the last AGM ststement.

Auxinet PLC
28 May 2003

AUXINET PLC ANNOUNCEMENT 28 MAY 2003


At today's AGM of Auxinet plc, the Chairman , David Bailey, made the following
statement:

'DataCash continues to invest in development to address customer needs and to
enhance our competitiveness.

In the first 5 months of the year we have had good merchant wins, especially in
the retail sector. Transaction growth has been strong, generating good revenue
and profits growth, and we continue to generate cash from operations. We look
forward to reporting on progress with the interim results in August.'

Auxinet confirmed that all of its AGM Resolutions were passed, including the
Special Resolution approving the change of name to DataCash Group plc. This new
name is expected to be effective from 2nd June 2003.


This information is provided by RNS
The company news service from the London Stock Exchange

gf.

Excelent news from the companies site.

DataCash goes live with ground breaking fraud prevention solution
21st July 2003

DataCash is pleased to announce that two of the UK's leading gaming companies, Globet International Sports Betting and Betonmarkets.com, have today re-launched their online sites incorporating the security features offered by the DataCash 3-D Secure Merchant Plug In (MPI).

DataCash, the leading independent provider of outsourced credit card processing services in the UK, has worked closely with the UK acquiring banks, Visa International and MasterCard to develop a unique solution to the problem of Internet Credit Card Security. Tight integration of the MPI with DataCash 's outsourced Payment Gateway allows the merchant to obtain the benefits of 3D-Secure without having to install and maintain expensive third party systems.

Globet International Sports Betting and Betonmarkets.com are the first merchants to go live with DataCash's ground-breaking innovation which allows card holders to authenticate themselves with their card issuer prior to any money being taken from their card. 3-D Secure eliminates the threat of identity theft ensuring that only transactions approved and authorised by a cardholder appear on their card. It also eliminates the threat of repudiation chargebacks for the merchant. Merchants trading online now have the same security as high street merchants.

Gavin Breeze, Business Development Director at DataCash says, "We are delighted to be the first independent Payment Service Provider in the UK to develop and get the appropriate accreditations for our 3-D Secure MPI. As this is provided to merchants as an outsourced service, they can now upgrade their payments e-commerce infrastructure quickly and cheaply to benefit from the liability shift 3-D Secure entitles them to."

Jean-Yves Sireau, Managing Director at Betonmarkets, says, "3-D Secure provides Betonmarkets.com with a certified online payments environment. It is in our opinion the most important development in online payments since the start of the e-commerce boom and will significantly increase the volume of online business performed by merchants worldwide."

Bruno Moroni, Globet.com CEO commented, "This is a most welcome addition to the Globet site. 3D Secure offers protection to both our customers and to Globet. Security, or a perceived lack of it, is the most common reason that some customers are still unwilling to use their cards online. Now customers using a Visa card at Globet.com can rest assured that it is as safe as using it in their local supermarket."

Tony Surridge, Director, Retailer Card Services, The Royal Bank of Scotland Group stated, "By supporting Verified by Visa we are delighted to be able to introduce to our portfolio of online services a key global solution for online payment authentication.

We are pleased to be among the first banks in the world to support this means of online authentication and method for retailers to protect themselves against disputed transactions. Online fraud is a real consumer concern and our introduction of Verified by Visa demonstrates our commitment to protecting the future of online retail."

Contact
DataCash
Gavin Breeze
gavin@datacash.com
0870 727 4761 ENDS.

WOW is this big. Make no mistake this technology is a world beater and the company have only just started rolling it out.

How many companies will be lining up to buy this?, an awful lot you can bet.

Fantastic news. just wait while this breaks with the financial press.

In fact it has. Today the Express are covering the company with a note saying that Datacash are about to sign another contract with a large bank.


Results August. There is massive potential here and they have first mover advantage on the internet.

GF.

Share price now thrashing the moving averages.



gf.

Case Study: B&Q Direct.


B&Q Direct's online transactional website, www.DIY.com, was launched in January 2001. By March 2003 it had become one of the largest stores in B&Q and its continued rapid growth will soon make it the biggest store in the group. The site sells a range of 14,000 products and is already the number one store for many heavy and bulky items and many other smaller product ranges.

As well as generating considerable revenues of its own, DIY.com is part of a wider, multi-channel retail strategy that includes call centres and catalogues. All channels feed each other. For instance, 10% of those that shop in-store have researched their purchases online.

A critical component in the overall success of DIY.com and the B&Q Direct call centres is their ability to process credit and debit cards efficiently and to restrict the level of card fraud. In September 2002 B&Q Direct appointed DataCash, a leading UK-based provider of outsourced payment processing and fraud prevention solutions, to handle the credit and debit card processing for both DIY.com and all its call centres.

Before DataCash was appointed, B&Q had used a software solution provided by a US-based company to handle its card processing. B&Q had two key issues with this solution, one technical and one business, which led them to look for a new supplier.

1. Technical Issues
B&Q were using a software product from a US-based company. This presented three key issues.

Firstly, because it was a software product it needed to be installed on B&Q's own machines in their own premises, all of which incurred significant capital cost. Also B&Q had to design, integrate, test, implement, and most importantly, incur the cost and time of 'feeding and watering' the hardware, software and communication links with the banks required to support and run the card payments processing cycle.

Secondly, there were issues with the quality and timeliness of the software supplier's technical support, some of which were due to problems inherent in trans-Atlantic time differences. It quickly became clear that B&Q needed a locally based supplier if they were to get the quality and speed of support they expected.

Thirdly, the focus and pace of software development was not in line with the desired direction for B&Q Direct, which was geared towards taking advantage of quick implementations of new value-add initiatives across the UK card processing market. At a time when the protocols and standards for processing e-commerce card transactions are still evolving, this lack of focus and commitment was becoming a serious issue.

2. Business Issues
Keeping fraud to a minimum is vital to any retailer, especially when margins are under constant pressure. Before the appointment of DataCash, B&Q was suffering from unacceptable levels of fraud, and was therefore under significant pressure to reduce its fraud percentage.

B&Q began to research suppliers of payment processing solutions that were able to support new UK-based anti-fraud initiatives like AVS/CSC, deliver fraud screening solutions and were committed to emerging card industry initiatives such as Verified by Visa.

DataCash is a fully outsourced, hosted solution meaning that B&Q are no longer required to meet operational costs of having their own infrastructure. Delivering world class service availability of over 99.99% allows B&Q to focus on its core skills, maximising the earnings potential from its web site and call centres.


As a UK-based company, DataCash is sensibly located to provide B&Q with high quality, highly responsive technical and account management support.


Meanwhile, DataCash's web-based, real-time MIS Reporting service enables B&Q to monitor and report on transactions on a summary-to-detailed channel basis.


Within six months, fraud has quickly been reduced through a combination of AVS and highly sophisticated, customisable fraud screening tools. Experience suggests this will continue to fall as historic data allows for more fine-tuning of the fraud screening rules.


DataCash, through its early accreditation and support for Verified by Visa protocols, has demonstrated its commitment to keeping pace with future trends and requirements.
"B&Q Direct is a delight to work with. We take great pride in our ability to deliver World Class outsourced payment solutions and relish the challenge of meeting the demands of leaders in their industry. In the six months since we began working together, B&Q have seen their transaction volumes significantly increase, and at the same time fraud has been significantly reduced."

(Gavin Breeze, Business Development Director,
"Our aim is to make a customer's shopping mission as quick & easy as possible, and as part of delivering against this principle we have chosen to work with DataCash. The integration of our web and telephone sales channels to the DataCash solution has allowed us to minimise any payment related delays in order processing, whilst providing a toolset that leaves us better able to detect fraud."


GF.

22/07/2003



Chairman of DataCash Group PLC discusses scalability of pence-per-click transaction pricing model in Wall Street Transcript interview.

DAVID BAILEY is the Non-Executive Chairman of DataCash Group PLC

TWST: Can we start off with an introduction to DataCash (London: DATA.L), including a brief historical sketch?

Mr. Bailey: DataCash is a business that grew out of the internet. It was set up to do micro payments on a pay-per-view basis in 1996, but there was no market for that and so somebody realized that the system could be used to actually take payments of purchases made over the internet. That was the starting point. It has always gone for a very simple model which is to charge on a pence-per-click basis not on a percentage of the value of transactions, which has meant we have managed to build ourselves, in the U.K. anyway, a marketplace with a very good list of blue-chip customers people who were serious about e-commerce, if you like, from the early days.We have a very dominant position especially in the gaming market in the U.K. in terms of payment processing for the big names over here. People like Ladbrokes, Paddy Power (Dublin: PAP.I - news) and Betfair are all customers of ours. In fact, over 90% of the all the gaming companies in this country that use the internet or use IP as a payments processor use us as a payment system.On top of that we are also making more and more inroads in the retail market. We are the dominant payment processor in the U.K. with a market share of somewhere in excess of 35%, but that still makes us a very small business. Last year we turned over 2.7 million and made a small loss. This year the brokers forecast somewhere around 4 million of revenue with pushing 1 million of profit.We have achieved critical mass and we have been profitable since September. We have a very good business model in so far as around 70% of revenue comes from this transaction pricing model. Transactions grow at around 3% per month compound and have been consistent at about that for a long time. So it's a very nice business model. Costs are also very much under control. We have about 30 people employed and costs were 3.1 million last year and will be a bit lower than that this year. We believe we can run this business on a cost basis of about 3 million a year and hopefully just get strong revenue growth.

TWST: As you look at to the next couple of years, what do you see as your main objectives and strategic direction?

Mr. Bailey: What we would like to do is continue consolidating our position as the market leader. We think there is a bit of a land grab in this retail area where there is a lot more outsourcing or recognition of the opportunity to go for an outsourced solution in the payments area, partly because payments are becoming more complicated and partly because the historic solutions they have had, where they have in-sourced it, are beginning to creak and not give them the kind of management information they want. We believe that there is a good opportunity to grow our customer base in the UK and progressively into Europe. We do need to support our merchants increasingly on a global basis, and there are a number of issues involved in that in terms of where banking allow you to go on a global basis. Our objective is to support our merchants wherever our merchants require it. We see opportunities to move up the value chain with new products onto our existing client base. We still have a relatively small number of customers, something in the range of about 600. We are processing, at the moment, about 2.25 million transactions a month, which is about 50% higher than this time last year. We see that continuing to grow; we see the customer base continuing to grow; and we see profitability giving us a clear ability to differentiate from our competitors because we nobody else is profitable in this space, certainly Cybersource (NASDAQ: CYBS - news) isn't. I think that is going to give us extra credibility as increasingly customers looking for stable and sustainable businesses when they are putting out mission critical solutions into their systems.ENDS.

Further evidence that Datacash is the WORLD LEADER.

gf.

And we have even more high class technology from the company.

ADM Network chooses DataCash for Direct Debit transaction processing for "AutoDebit".

Using the DataCash service ADM has created "AutoDebit", the ultimate system for mass Direct-Debiting. It allows staff to manage customers, products and debit schedules from anywhere in the world and, by providing full integration with every major bank, allows staff to determine the status of transactions instantly.

AutoDebit was originally built specifically for mobile phone retail and insurance, ,but has since been adapted to suit any industry.

DataCash provides ADM with the automated direct debit set-up and draw down services that delivers the core functionality to the system.

"AutoDebit makes any large scale Direct Debit operation a breeze. The support is superb and the product very easy to use. Almost everything can be automated: we couldn't live without it!"

-- Nick Simpson, Excalibur Communications GB

A debiting schedule can be completed within minutes, after which the system, using the DataCash set-up and draw down services, will debit automatically and without human intervention. AutoDebit allows you to mass-print outstanding customer debit confirmations, schedules etc. with company logo and details, from whichever computer is most convenient at the time. Administrative access gives you the control to monitor progress and to manage access levels.

"AutoDebit has enabled us to launch our latest Insurance product within very tight timescales and with complete simplicity. It's also great to have a system that is constantly evolving with the needs of the business"

-- Mark Gordon, Mobilexpo Ltd

Every system event is logged, every staff action recorded. Detailed reports can be generated at any time you wish, for any date range, location or staff member, giving you a crystal-clear overview. SMS messaging integration enables simple reports to be sent to your phone. Similarly you may choose to inform customers by SMS if a debit fails eliminating the need for costly postal communication.

Adam Bishop, MD of ADM, who designed the program architecture comments:

"When we looked around at the potential suppliers for the direct debit processing we found DataCash offered the only truly bespoke solution. Most are either lacking in features or too generic to be scalable.

"The original product was built, tested and live within two months. On day one we had two significant clients using the system, each inputting thousands of customers a month.

"DataCash have been a great support throughout the project, and their staff very professional. The level of technical expertise of the phone and e-mail teams contributed greatly to the swift completion of the project."

"AutoDebit has quickly become a significant product within our range, and following its successful launch we have introduced numerous performance enhancements based on customer experience, in line with our policy of continual improvement and development."

See: https://www.admnetwork.com/Default.asp?Action=AutoDebit

Contact:
Adam Bishop, Managing Director, ADM


Gavin Breeze, Director, DataCash ENDS.
GF

Update from Yahoo - STRONG BUY.

http://uk.biz.yahoo.com/z/d/data.l.html

GF

GF

I note your info on CASH - I wonder if you're still in DATA? This is one you tipped back in July. Seems to be dipping a bit now. Still a hold?

Most certainly still an hold Mitch in fact this afternoon Im going to have a few more of these. All we need is an update and I think this one will soar.
Any idea when next results due?, cant be that far away.

cheers gf.

This news might put some life into the price......

LONDON (AFX) - Datacash Group PLC said it has extended the functionality of its outsourced payment gateway to support new Chip and PIN cardholder present transaction standards, which allows it to offer services to high street 'bricks and mortar' retailers.

The Chip and PIN initiative, introduced by the banking industry earlier this year, requires card users to enter a four-digit Personal Identification Number (PIN) instead of signing a paper receipt at the checkout.

Gavin Breeze, Business Development Director of DataCash said: 'DataCash is now working closely with systems integrator partners, retailers and Point of Sale (POS) software suppliers to roll out our outsourced managed Electronic Funds Transfer solution for chip and PIN.'

newsdesk@afxnews.com

Yup price already up and looking strong.

cheers GF.

This is a great deal for Datacash make no doubts about that. Its now got its foot in the government gateway door. Contracts should flow from here.

RNS Number:1380U
Datacash Group PLC
13 January 2004

Embargoed for 7.00am Tuesday 13th January 2004
DataCash Group Plc ('DataCash' or 'the Company')



DATACASH ROLLS OUT PAYMENTS SOLUTIONS
FOR GOVERNMENT GATEWAY


Overview:


* DataCash chosen by multinational IT group Schlumberger to operate credit card
and direct debit payment services on the Government's new Gateway internet
payment system

* Both companies and individuals will be able to order services from Government
departments via the internet using the new network

* Online payment technology selected for its security, reliability and ease of
use

* DataCash expects a rapid expansion of volumes in payment transactions on the
network

* Agreement compliments DataCash's already substantial presence in the UK's
online card processing market


DataCash, the UK's leading payment services provider, today announced it has
been appointed by SchlumbergerSema, the Information Technology business segment
of Schlumberger Limited, to supply its outsourced solutions for the Cabinet
Office's Government Gateway.

SchlumbergerSema provides systems integration and managed services for the
Government Gateway and, in order to procure those services, has contracted
DataCash to provide its card and direct debit payment services.

The Government Gateway is a secure, resilient hub that provides a single point
of contact for citizens to access UK Government information via the Internet.
The Gateway links to individual departments, local authorities and trusted
portals. It is an important part of the government's strategy of delivering
'joined up' government, enabling people to communicate and make transactions
with government from a single point of entry.

A number of government organisations are already available online through the
Gateway including DEFRA, DWP, DARDNI, DTI, HM Customs and Excise, Inland
Revenue, and LRNI

One of the key business drivers in the latest release of the Government Gateway
was the need to support all combinations of payment from citizens to government,
business to government and intra government.

DataCash has been selected to provide the secure, outsourced, payments
technology that supports the Gateway's ability to take and process payments made
by credit and debit card as well as direct debit and direct credit.

Derek Ward, managing director for public sector at SchlumbergerSema, said, "The
DataCash solution meets the needs of the Cabinet Office providing a secure,
reliable and easy to use online payment mechanism. SchlumbergerSema has worked
closely with DataCash to integrate the solution seamlessly into the existing
infrastructure and deliver this new functionality to the Government Gateway on
time and to budget."

Gavin Breeze, Business Development Director, DataCash said, "We are delighted to
have been selected to provide the outsourced payment solutions behind the
Gateway. We deliver a robust, scalable, highly secure service capable of
processing what we anticipate will be a rapidly expanding volume of payment
transactions. DEFRA was the first department to go live with our system and we
look forward to working closely with both SchlumbergerSema and the Cabinet
Office as we roll out the solution to government departments and local
authorities." ENDS.

Fantastic news.

cheers GF.

Croc

This not only great contract news, but this will give the corporate world the confidence to deal with this small company. I expect we will now see a flow of contract signings which will make t/o jump as well as profits. THIS WILL ALSO ATTRACT OTHER COMPANIES TO RUN THEIR SLIDE RULE OVER DATACASH AND COULD ATTRACT A BID.

Raging buy!!!!!!!!!!!!!! New highs will not be far away!!!!!!!!!!!!

Good point about a bid, there was rumours a few months back that a few American Banks were taking note of this one. Now up 5% suprised more people on this board havent recognised the magnitude of this deal announced today. It could be really massive.

cheers GF.

Croc

I'm sure that Shares amongst others, and the techie brokers will pick up on this and will bring their clients in when the magnitude of this contract is discussed. I don't think it will take too long before we hear the thunder of the herds hooves.

Back in today myself after selling last August. The calibre of Schlumberger is good but the implications inherent in what is effectively the Inland Revenue and friends trusting information to Datacash's systems is not to be underestimeated, in my view.

Spot on Bones. This is big stuff in my view. Up again today and looking strong. Think we will get broker upgrades now on this one.

cheers GF.