Thu 30 July 16:04:07 NZST

FIN / Announcements

Disclosure notice

4:29pm, 26 May 2010 | GENERAL

Finzsoft advises that the contracts previously announced on 21 January 2010, undertaken by Pi Capital Investments Limited (Directors and shareholders are Mr Wills and Mr Holliday) under a contract to provide key client support and explore new business opportunities, is to be increased to reflect a greater level of involvement by those parties.

Finzsoft advises that it now expects the cost will be $20,000 (previously $10,000) per month. The contract may be terminated by either party providing four weeks written notice.

The independent Directors consider that this contract which includes sales and marketing, account management and business development services is in the best interest of Finzsoft.

Don Hattaway
021 901 746