New Partnership with MagTek for Instant Issuing Solutions

Athens, Greece February 3, 2009 - Printec Group, true to its uncompromising commitment to provide customers with reliable transaction automation solutions, announces the partnership with MagTek, world leader in electronic transaction technology. The partnership will provide Printec Group customers with MagTek instant card production and issuing solutions in South East Europe.

MagTek’s Instant Card issuing product portfolio for fast, convenient and secure instant issuance of financial (credit/debit/ATM) cards at the branch location will be provided to Printec Group customers in all fourteen countries of the Group. Instant card issuance, combined with custom personalization, will provide a higher level of service that existing Printec Group customers will appreciate and new customers will be attracted to. More specifically MagTek’s Express Card 1000, capable of fully personalizing any Credit/Debit/ATM card in 90 seconds, allows financial institutions to provide their customers with the speed and convenience of instant issuance or instant replacement of financial cards within the branch.  “As the card industry is becoming more competitive globally, the level of service provided to bank customers becomes fundamental”, said Panos Halkias, Transaction Automation Director, Printec Group of Companies. “Our choice to partner with MagTek is well aligned with the trend for instant in-branch card issuing and personalization.”

 “MagTek’s first branch based instant card issuing system was installed 1978. Now that Instant Issuance is fast becoming the norm, we are delighted to have partnered with Printec in South East Europe, one of the fastest growing territories for instant issuance systems’, said Steve Poulston, Managing Director, MagTek Europe.

About MagTek

Founded in 1972, MagTek, Inc. is the leading provider of technology that makes electronic transactions safer, speedier and more comfortable.  With its secure card readers, dependable check scanners, instant card personalization systems and robust PIN management and identity verification systems, MagTek products and components are used every day: at supermarkets, gas stations, banks/credit unions, restaurants, casinos and hotels, on airplanes, in time clocks, ATMs, kiosks and POS terminals.  For more information please go to: www.magtek.com

Zagreb, June 9th, 2009 - Printec Croatia, subsidiary of Printec Group announces the opening of its new 660m2 Customer Services Center in Blato, the newly developed area of Zagreb. More than 100 customers joined Printec in the celebration for the opening of the new Center, in a full-day event featuring among others, the latest additions to Printec’s portfolio of offerings in the Transaction Automation area.

“Printec Group is fully committed to responding to the business support needs of our customer base by providing a complete range of technical support, maintenance, outsourcing and managed services” said Ioanna Krikelli, Group General Manager of Printec Group. “With the advanced infrastructure of our new Customer Services Center, we ensure the readiness of our top-skilled teams of experts to support our Croatian customers on a 24x7 basis, allowing them to expand their offered services and to exceed their customers’ expectations.”

“The creation of the new Customer Services Center in Croatia will contribute greatly to our Customer Care Strategy. Printec is committed to providing high quality services in which our customers can have full confidence.” said Alan Sembera, Country Manager, Printec Croatia. “Our goal is to be recognized as the most professional, efficient and courteous service organization in Croatia, and this Customer Services Center is one important move towards this direction.”

Zagreb Croatia, April 24th 2008, Printec Croatia, subsidiary of Printec Group announces the launch of Pay@Pump, a new solution which has been developed in cooperation with Scheidt&Bachmann TUBS d.o.o. and Medimurje IPC d.o.o.

The solution, which provides 24 hour self service petrol filling and card payment at the petrol stations was presented at this year's Zagreb Auto Show.

Pay@Pump prolongs petrol station's working hours enabling 24 hour work, raising service quality and providing economic benefits, while at the same time enhancing the safety of staff and customers. The introduced solution enables card payment at the dispenser and uses Verifone certified card reader and PINpad. It also supports payment with all card types: debit, credit or private. Pay@Pump can be implemented in any petrol station, either as an upgrade to existing infrastructure, or as a new compact unit.

Printec Group Participates in the 4th EMVCο Terminal Type Working Meeting

Athens, Greece, May 13th, 2008 - Printec Group announces the company’s participation in the 4th EMVCο Terminal Type Working Meeting, which was organized in Toronto, Canada, by EMVCο, the EMV standards Body owned by MasterCard Worldwide, VISA Inc, and JCB Co. Ltd. The meeting’s purpose was to redefine the type approval process for payment equipment (POS & ATM) and the payment software with contact and contactless cards. The meeting participants were a small number of vendor experts, among which was Dr. Fotis Moulatsiotis, Group Professional Services Director, Printec Group.

EMVCο was formed in 1999 by Europay International, MasterCard International and Visa International to manage, maintain and enhance the EMV™ Integrated Circuit Card Specifications for Payment Systems to ensure interoperability and acceptance of payment system integrated circuit cards on a worldwide basis.

Printec Group was one of the ten payment system vendors worldwide to be chosen to participate in the closed panel discussion. Both Printec Group and Dr. Fotis Moulatsiotis were chosen by EMVCo due to their longstanding experience in developing and testing certified EMV kernels.

Printec Group: Extension of the agreement with De La Rue for Croatia & Slovenia

Athens, Greece February 26th, 2008 Printec Group of Companies, true to its uncompromising commitment to provide customers with reliable transaction automation solutions, announces that its subsidiaries in Croatia and Slovenia (Printec Croatia d.o.o and Printec S.I. Informacijska Technologija d.o.o. Slovenia, respectively) have been appointed as De La Rue’s authorized distributors covering their territories for De La Rue’s Branch Teller Automation (BTA) portfolio and Self Service portfolio of products.

“We are happy that our agreement to provide De La Rue’s products across South East Europe has been expanded for two more countries. This move is well-aligned with our strategic orientation to provide our customers with reliable solutions that will help them achieve operational efficiencies,” said Panos Halkias, Commercial Director, Printec Group of Companies. “Our company has always offered innovative products and services, based on high quality technical expertise and know how. This agreement with De La Rue indicates our commitment to provide the local market with De La Rue’s reliable solutions and the necessary infrastructure in order to meet our customers’ most demanding requirements.”

“Printec Group and De La Rue share an ongoing commitment to provide innovative branch teller automation solutions that create measurable and sustainable business value to our customers”, said Wilbert Bieleman, Channel Director, De La Rue Cash Systems. “Together, we deliver a full range of integrated industry leading hardware, software and services solutions that enable our customers to quickly meet their changing business requirements. De La Rue is proud to partner with leaders in the industry such as Printec which contribute significantly to our commitment to provide our customers with the highest level of products services and support”.

About De La Rue

De La Rue is the world’s largest commercial security printer and papermaker, involved in the production of over 150 national currencies and a wide range of security documents such as passports, fiscal stamps, travellers cheques and authentication labels. The Company is a leading provider of cash handling equipment and software solutions to banks and retailers worldwide, helping them to reduce the cost of handling cash. For more information about DeLaRue please visit www.delarue.com

Printec Group Financial Results

Athens, July 2008 – Printec Group announces the consolidated results for fiscal year 2007.

Printec’s consolidated results for 2007 reveal yet another year of improving financial performance and underscore the Group’s depth of commercial and operating capabilities.

Consolidated turnover from continuing commercial operations reached €88.5 million, up 5.8% against 2006. Consolidated pre-tax earnings topped €6.5 million – a year-on-year advance of 41.6% - boosted by an improved gross margin on customer services and a successful containment of operating expenses.

In the course of 2007 Printec launched a series of strategic initiatives, bolstering its position in South Eastern Europe:

• The year kicked off in FYROM with the inauguration of Printec Skopje in January.
• In July, Printec upgraded its rep office presence in Moldova by opening a fully integrated subsidiary operation.
• In the fall, Printec rolled out its most ambitious geographic expansion project to date – the establishment of Printec Ukraine LLC – combining a high caliber commercial team with a nationwide service delivery capability
• Finally, the Group extended the geographic scope of its distribution agreement with De La Rue to include an additional two countries - Croatia and Slovenia.

In recognition of Printec’s successful history and growth prospects in the region, the Group moved its holding company to Cyprus in the beginning of 2008. Printec Holdings Ltd will now oversee all subsidiaries throughout the 14 countries of Printec’s operating presence. 

On the occasion, Mr. Charilaos Konstantinou, President and CEO, Printec Group, commented as follows: “Our stellar financial performance confirms our expectations and commitments for 2007. Printec’s strong profitability along with our bold investment initiatives validate our growth strategy and confirm our reputation as the most trusted partner for financial institutions in South Eastern Europe”.