The co-founders of Blue Label Telecoms, Brett Levy and Mark Levy, remain an integral part of the current management team. The senior executives and management teams of the Blue Label Telecoms Group have extensive experience within the prepaid, secure electronic token of value and transactional and value added services markets.

Blue Label Telecoms is a leading distributor of prepaid secure electronic tokens of value and transactional services, successfully processing in excess of 300 million monthly transactions through its global footprint of several hundred thousand mobile and physical points of presence, which currently spans four continents. Through organic growth and strategic acquisitions, the Group has expanded its distribution network, consolidating and securing its supply chain.

Blue Label Telecoms has transparent long-term agreements, including favourable payment terms, with South Africa’s network operators and major retail chains.

Blue Label Telecoms has experienced substantial increases in revenue and profitability over the past five years with revenue increasing on average by 53% per year and net profit after tax increasing on average by 57% per year.

For the period ended 30 November 2007, the Group reported pro forma revenue of R6.1 billion and pro forma core net income after tax of R180 million.

Blue Label Telecoms believes that any product or service that can be remitted or transmitted via a secure electronic token of value will eventually become prepaid. The Group is uniquely positioned to converge this evolution, bringing customers closer to the point of purchase and benefiting from any increased volume distributed via its footprint, at a minimal incremental cost.

Companies within each Blue Label Telecoms segment are expected to benefit from the strategic competitive advantage provided by access to the Group’s proprietary technology as well as the enhanced economies of scale and additional efficiencies derived from operating as a combined global business.