Big is Good: Mitre 10 signs for Smart Pay system

Smart Pay, the EFTPOS company that acquired assets when ProvencoCadmus failed in 2009, has confirmed a seven-figure contract to provide an in-store marketing and point of sale EFTPOS system for the New Zealand hardware chain, Mitre 10.

The contract, for which no precise value was given, was said to be one of its largest to date, and follows a similar deal with clothing chain Postie Plus.

The systems and services that will be provided to Mitre 10 include retail radio and in-store advertising.

Shares in SPY last traded at 4.1 cents on the NZX today, having recovered from less than 1 cents after SmartPay bought the payments division of ProvencoCadmus in August last year.

In a March forecast, SPY expected to post earnings before interest, taxation, depreciation and amortisation of between $1.5 million and $2 million in the 12 months through March.

Businesswire.co.nz

Comments from our readers

No comments yet

Add your comment:

Your name:
Your email:	Not displayed to the public
Comment:
Comments to Sharechat go through an approval process. Comments which are defamatory, abusive or in some way deemed inappropriate will not be approved. It is allowable to use some form of non-de-plume for your name, however we recommend real email addresses are used. Comments from free email addresses such as Gmail, Yahoo, Hotmail, etc may not be approved.

Anti-spam verification:

Type the text you see in the image into the field below. You are asked to do this in order to verify that this enquiry is not being performed by an automated process.

Related News:

Smartpay shares soar to 2-year high as Milford Asset bets on potential
SmartPay confident profit will hit guidance
SmartPay flirts with ASX listing
SmartPay to eliminate about 40 jobs, outsource assembly of terminals to cut costs
SmartPay expects underlying profit this year, examining debt facilities
SmartPay posts first-half profit after buying assets from ProvencoCadmus carcass
Daily ShareChat: SmartPay