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APOLLO ENTERPRISE SOLUTIONS, LTD. RE-LISTED ON THE BSX
Long Beach, CA, - 12 February, 2013 – Apollo Enterprise Solutions Ltd. (the “AES”; Ticker: AES.BH), a leading provider of advanced interactive software solutions for banking transactions, announced today, the relisting of its common shares on the Bermuda Stock Exchange (“BSX”). AES’ Chairman & CEO, Joseph Konowiecki stated that, “AES decided to merge its two classes of common share in order to achieve a greater float of its listed common shares”. As a result, AES delisted its Common Class B shares on the BSX, modified its corporate charter, held a shareholder vote to merge the former Common Class A shares and Common Class B shares into a single class of common shares and has relisted its Common Shares on the BSX effective 23 January, 2013, and that trading in the common shares may commence on 13 February, 2013, under the symbol AES.
AES decided to re-list on the BSX since AES is a financial services company and many insurance and financial services companies are domiciled in Bermuda. The Company also intends to be dual listed on the OSE Oslo Stock Exchange and has opened up an office in Oslo, Norway. AES plans an institutional European roadshow organized by Continental Advisors (Lux) during the months of February and March.
The AES TRUE™ suite of proprietary software programs provide “TRUE™ Sustainable Solutions for Consumer Credit Portfolios” and integrate with the entire lifecycle of a bank’s consumer loan portfolio and its business rules on a real-time automated basis. AES’ intelligent decision engine utilizes Choice Technology™ to present consumers individualized targeted solutions in meeting their payment obligations. This TRUE™ system not only adds margin to the lending institution’s credit portfolio, but also provides better customer experience and enhances the brand of the bank.
“AES continues to enhance its software, expand its patent portfolio, and maintain client and partner relationships across the globe,” said Mr. Konowiecki. “AES is prepared for its next phase of evolution in the USA, Eurozone and international markets beginning with its relisting on the BSX.
About AES
AES, with offices in Los Angeles, New York, London, Sydney, and Oslo, is home of the patented TRUE™ system, the first total self-service account management system for banks and other financial enterprises. The AES TRUE™ suite of proprietary software programs provides “TRUE™ Sustainable Solutions for Consumer Credit Portfolios” and integrates with the entire lifecycle of a bank’s consumer loan portfolio and its business rules on a real-time automated basis. AES’ intelligent decision engine utilizes Choice Technology™ to present consumers individualized targeted solutions in meeting their payment obligations. This TRUE™ system not only adds margin to the lending institution’s credit portfolio, but also provides better customer experience and enhances the brand of the bank. The TRUE™ system’s modules are highly secure, hosted Software-as-a-Service and Private Cloud applications that integrate into IBM, Oracle, Microsoft and other operating environments, and into a wide range of collections systems of record.
Contact:
Europe
John Everitt Tel: 41 91 228 0237
john.everitt@contiadvisors.com
USA
Sha’Dona Brewer
Marketing & External Communications
(562) 513-3723
sbrewer@aestrue.com