28 July 2017
Australian Securities Exchange (ASX) Level 40, Central Park
St George's Terrace Perth WA 6000
Intiger Group Limited (IAM) (Intiger or the Company) (ASX: IAM) is pleased to provide an update on our recent business activities for the quarter ending 30 June 2017 (quarter 2) and ongoing progress towards the Company's goals.
Quarter 2 saw significant activity and progress towards the Company's goal of being the leading provider of back-office processing solutions for financial planners and related professions in Australia.
Successful business developments and highlights include:
Financial and Activity Measures- 60% increase in accrued revenue from the quarter ending 31 March 2017 (Q1);
Quarter ending 30 June 2017 (Q2) attracted increased accrued revenue from operations of $211,683. This was especially pleasing given the traditionally difficult trading conditions in April, where a combination of public and school holidays typically results in slow client business activity;
- 54% increase in the number of Statements of Advice completed across all Global Processing Centres;
Over 3,145 Back Office tasks have been delivered to clients during Q2, a new
quarterly activity record for the Company; and- 33% increase in new Practice clients to 24 as at 30 June 2017. Operations & Service Expansion
- 50% increase in Philippines offshore processing staff & capacity as a result of ongoing growth in industry demand;
- Opened3rdGlobal Processing Centre in Cebu, Philippines;
- Opened East Coast Headquarters in Darling Harbour, Sydney; and
Successful testing and pilot launch of our industry first online client ordering portal. Leadership
The appointment of Patrick Canion (CEO of the FPA Professional Practice of The Year Award Winner, ipac WA) to the position of Chairman;
Appointment of Nina Tan to the newly created position of Client Experience Manager; and
Appointment of Anna Romulo to the newly created position of Client Growth Manager.
Investor EngagementRelease of Investor presentation on 8 May 2017 in conjunction with roadshow covering four cities with over 150 attendees;
As announced on 17 May 2017, Patrick Canion & Mark Fisher conducted an interview with Portfolio Management firm, Peak Asset Management; and
Patrick Canion featured on podcasts with www.iamlth.com on 13 April 2017 and 16 June 2017.
Business DevelopmentLaunched Intiger Accounting & Taxation Services in response to client demand for a broader range of services;
- Successful execution of pilot program with the Sentry Group & ongoing growth of Sentry Practice engagement; and
Continued to expand our distribution with formal referral agreements with associated professional service firms.
The Company also completed the initial pilot program that was announced to the market on March 1 2017. The Company was unable to reach acceptable terms to continue to provide its services, and commercial discussions were not continued.
Overall, the Company continued to grow its customers, process delivery and revenue during the quarter ending 30 June 2017. This was further aided through an emphasis on reviewing customer feedback in order to ensure the optimal packaging and pricing of our services is achieved.
The Company looks forward to the forthcoming launch of its online portal which will
dramatically expand our capacity to engage with financial planners.Commenting on the growth of the business, Chair Patrick Canion said:"The Company has made significant progress over the past quarter, both in revenue, client numbers and infrastructure. We continue to put in place the building blocks of a business that will last for generations, and at the same time achieve revenue growth in line with our business plan. We look forward to the formal launch of our client portal and the accelerated growth that will bring."
- ENDS -For further information, please contact: | |
Investors Patrick Canion Chairman E:reception@cicerocorporate.com.au T: +61 8 6489 1600 F: +61 8 6489 1601 | Industry Mark Fisher Executive Director & Founder E:reception@cicerocorporate.com.au T: +61 8 6489 1600 F: +61 8 6489 1601 |
About Intiger Group Limited The business of Intiger Group Limited (ASX: IAM), was founded by experienced investment banking and financial services executive Mark Fisher and operates an Australian software development house dedicated to supporting |
professional Financial Planners to meet the needs of their clients. Intiger does this by reducing the back office and operational costs within the Australian financial planning industry. Working with Australian Financial Services Licensees and their advisers, the Intiger Group has developed and launched proprietary software platform LiLLY, which has been designed to digitise and automate core components of the financial planning process including the production of automated statements of advice. In conjunction with LiLLY, the Intiger Group has presented the online practice management system KLIP which tracks key performance indicators of a financial planning practice and delivers oversight and control to both licensors and financial planning practices nationally. |
FORWARD LOOKING STATEMENTS Certain statements contained in this ASX release, including information as to the future financial or operating performance of the Company and its projects, are forward looking statements. Such forward looking statements:
The Company disclaims any intent or obligation to publicly update any forward looking statements, whether as a result of new information, future events or results or otherwise. The words "believe", "expect", "anticipate", "indicate", "contemplate", "target", "plan", "intends", "continue", "budget", "estimate", "may", "will", "schedule", "planned" and similar expressions identify forward looking statements. All forward looking statements contained in this ASX release are qualified by the foregoing cautionary statements. Recipients are cautioned that forward looking statements are not guarantees of future performance and accordingly recipients are cautioned not to put undue reliance on forward looking statements due to the inherent uncertainty therein. |
Intiger Group Limited published this content on 28 July 2017 and is solely responsible for the information contained herein.
Distributed by Public, unedited and unaltered, on 28 July 2017 07:33:04 UTC.
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