SYG synergy equities group limited

Synergy Ticketing Royal Perth Yacht Club of WA

  1. 4,756 Posts.
    Synergy Ticketing Royal Perth Yacht Club of WA (Inc.)

    SYNERGY EQUITIES GROUP LIMITED 2002-10-17 ASX-SIGNAL-G

    HOMEX - Perth

    +++++++++++++++++++++++++
    Synergy Equities Group Limited ("SYNERGY" or "the Company") is
    pleased to report to shareholders that the Company's wholly owned
    subsidiary, Synergy Business Solutions Australia Pty Ltd ("SYNERGY
    Australia") has formally executed a Memorandum of Understanding
    ("MOU") with the Royal Perth Yacht Club of Western Australia Inc
    ("RPYC") to provide an "online website ticketing and payment
    authorisation solution" ("SYNERGY Ticketing"), as foreshadowed in the
    Fourth Quarter Activities Report (for the period ended 30 June 2002)
    and announced to ASX on 31 July 2002.

    SYNERGY Australia in conjunction with RPYC and 360ID Pty Ltd (a
    Synergy Australia strategic alliance partner - the Company's
    announcement 03 September 2002 refers) have defined the scope and
    functional specification of the RPYC SYNERGY Ticketing solution. This
    included analysis of the RPYC business requirement, impact on
    existing process and methodology for exchange of data between its
    members, the website, banking infrastructure and the SYNERGY
    TradeCentre / SYNERGY DataCentre.

    The MOU agreement affords SYNERGY Australia the opportunity to
    further develop and enhance its base SYNERGY Ticketing solution, such
    that additional value added services can be provided. The first stage
    of the RPYC SYNERGY ticketing solution development is due to be
    completed in late November 2002, upon which RPYC will be able to
    internally manage and control their own ticketing operations via the
    SYNERGY DataCentre with revenue to SYNERGY Australia for hosting and
    SYNERGY Ticketing transactions.

    R Moir
    MANAGING DIRECTOR


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