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major player in $110 million anti virus market

  1. towie

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    To Become Major Player in $110million Aust.Anti-virus market

    Document date: Tue 28 Jan 2003 Published: Tue 28 Jan 2003 12:28:13
    Document No: 150992 Document part: A
    Market Flag: N
    Classification: Other
    QUADTEL LIMITED 2003-01-28 ASX-SIGNAL-G

    HOMEX - Brisbane

    +++++++++++++++++++++++++
    Quadtel Ltd (ASX, QTL), announced today that it has signed an
    exclusive country partner agreement with Panda Software the leading
    European anti-virus software developer and manufacturer.

    Panda Software (http://www.pandasoftware.com) is a leading
    international developer of anti-virus software for all types of
    customers: corporate clients (Panda Antivirus Appliance, Panda
    Antivirus Enterprise Suite, Panda PerimeterScan), small and medium
    sized companies (Panda Antivirus Small Business Edition), Businesses
    and Professionals (Panda Antivirus Platinum 7.0), and home users
    (Panda Antivirus Titanium). Its products have received awards and
    quality certifications from the most widely-respected IT security
    institutions.

    Panda's presence stretches across the globe, with offices in more
    than 40 countries. Leading companies from all sectors have chosen
    Panda Software's antivirus; solutions. Companies like Boeing,
    Mercedes Benz, Panasonic, Telefonica International, Nokia, DHL or
    Pepsico; The European Union; governments in France, Spain, China and
    Sweden; throughout the world entrust the protection of their networks
    to Panda Software.

    "Based on the idea "Think globally, act locally' we have managed to
    open a gap in all the strategic markets throughout the world",
    explains Jose' Maria Hernandez, VP International Expansion at Panda
    Software. "We cannot forget", he adds, "that Australia is a leading
    market and one of our priorities".

    "This is an excellent partnership to kick off 2003 with," commented
    Bruce Ind, CEO of Quadtel Ltd. "The Australian anti-virus market is
    expected to generate $110m and we are ecstatic to be a major player
    in that. Quadtel will set up a 100% fully owned subsidiary dedicated
    to Panda Software's activities, implementing our republishing
    business model, which leads to far greater profitability for Quadtel.
    Initial sales into the channel will leverage on Quadtel's ISP and
    retail partners however, our business plan, co-written with Panda
    Software, has a clear map for successfully establishing our presence
    in the corporate and government sectors also."

    Panda Software is currently the leading European anti-virus software
    developer which attained 28th Place for Growth Plus Europe 500 award.
    Their commitment to client service and the concept of the protection
    of computer systems as a 24h-365d Insurance Policy rather than merely
    a software product have revolutionized the computer security
    industry. The quality of Panda Software's products has been endorsed
    by major industry watchdogs including ICSA Labs and Checkmark.

    In order to assist in the facilitation of the marketing and sales
    efforts required, Quadtel has placed 12,000,000 shares through their
    corporate advisers, London Partners, raising $120,000.


    For Further information contact:
    Billy Cina David Ramsay
    P.R. & COMMUNICATIONS MANAGER CHAIRMAN OF THE BOARD
    Tel: +61 2 8852 4651. Mobile: +61 409 977 799
    E-mail: [email protected] E-mail: [email protected]
    www.quadtel.com

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