Profit hopes for IT Capital's Golden Orb

Lindsay Pears, who has been named CEO of the Australian e-commerce developer, says the company has a solid foundation of old economy business processes, an experienced management team and growing international interest in its products.

Mr Pears said Australia's Gold Coast is a sophisticated IT hub and has been the ideal testing ground for Golden Orb products, providing launch customers and value added resellers.

"But now our intellectual property is fully developed and we are strategising for the next phase of growth - expanding our presence in Australia and transplanting Golden Orb products into new markets offshore."

Golden Orb's products include internet business management solutions, internet middle-ware applications and server software for small to medium sized enterprises.

IT Capital owns 40% of Golden Orb and MD Keith Phillips says Mr Pears will play the leading role in fast-tracking the commercialisation and global expansion of the company's products.

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