The Board of Directors of Diversified Gateway Solutions Berhad (formerly known as ISS Consulting Solutions Berhad) ( DGSB or the Company ) wishes to announce that Diversified Gateway Berhad ( DGB ), a wholly-owned subsidiary company of DGSB, had on 5 June 2012 accepted a Letter of Award dated 29 May 2012 by D.G.Kom Sendirian Berhad ( DGKom ) for the supply of system & network equipment & support services for DGKOMs projects (hereinafter referred to as the Project ) for a period of one (1) year commencing from 29 May 2012 to 28 May 2013, for an aggregate amount of Ringgit Malaysia Twenty Million (RM20,000,000.00) only ( Contract Value ).
The total Contract Value shall be based on the purchase order(s) to be issued by DGKom within the period of 12 months from 29 May 2012 and DGKom shall have the right not to utilize fully the Contract Value and any unutilized Contract Value shall not be claimed by DGB and/or compensated to DGB.
Barring any unforeseen circumstances, the Project is expected to contribute to the future earnings or net assets of DGSB group of companies ( DGSB Group ) for the financial year ending 31 March 2013 and beyond.
The DGSB Group does not foresee any exceptional risk other than operational risk associated with the Project.
None of the directors and/or shareholders of the Company, or persons connected with them have any interest, direct or indirect, in the Project.
This announcement is dated 6 June 2012.