Investment in the Market and Blackbay

For the first time, the majority of CIOs surveyed ranked investment in mobile solutions as a priority for 2006. Our aim of being your trusted advisor for mobility solutions is certainly taking shape. In this newsletter we touch on a number of success stories and new solutions to help you. 

Mobility solutions are clearly taking enterprises’ to new levels by linking mobile workers with customers and the rest of the organisation in real time. Businesses are seeing a dramatic improvement to their bottom line. 

We recently hosted a forum with three international service organisations to share their experience with other businesses. May I encourage you to read the article Key’s Learning’s from Mobility to learn about the benefits to their customers, staff and business as a whole. 

To support you in real time we have expanded our Support Services to 24 hours a day, 7 days a week. This additional coverage supports your mobile team and operation anytime and anywhere. In addition to our team assisting you in person or over the phone and internet, our website (www.blackbay.com/managedservices.htm) offers powerful customer tools for meeting your requirements at all times. 

As we complete another year, we have you our customers and partners to thank for our success. Some of our highlights include; revenues up over 50%, our opening in Singapore and the launch of our RFID solutions to enable you to personally experience the benefits of RFID technology in your business. We have produced an RFID Discovery Kit that will allow you to rapidly assess how your business can benefit from RFID technology.

As part of our own growth initiative we are pleased to announce that Close Venture Management Limited (“CVM”) is investing £3.5 million (approximately US$6 million) in Blackbay. CVM is part of Close Brothers, a London UK based FTSE 200 financial institution with over 125 years experience. Accompanying the investment, Emil Gigov, Director of CVM, will be joining our board as a non-executive director. We look forward to putting these funds to use in better serving you.

Larry Klimczyk, Managing Director