Advantage Shareholders Approve Acquisitions and Endorse Direction of E-commerce Company
Auckland - Friday, 9 July 1999 - Advantage Group Limited (NZSE: ADV) announced this afternoon that all resolutions were
passed unopposed by shareholders at today's Special Meeting held at Advantage's Auckland offices.
This confirms Advantage's acquisition of the major business interests of Computer Enhancements, New Zealand's leading
supplier of barcode-based scanning and portable data acquisition solutions, and the acquisition of PEC Retail Solutions,
a supplier of world-leading retail automation software solutions to the global oil industry. Shareholders also
authorised the directors to issue up to 10 million ordinary shares to enable further capital raising.
At the meeting, chairman Evan Christian said: "We have made a creditable beginning...if we are to go forward, I want it
to be with shareholder support. Accordingly I'm asking you today not just to cast your vote in favour of the resolutions
before you, but also in support of the vision we have for our company."
Following the meeting Mr Christian said that shareholders' unanimous endorsement of the company's performance and
e-commerce direction is extremely encouraging for Advantage's Board and management. Company Background
Advantage Group Limited, an NZSE listed company, is a leading supplier of advanced electronic commerce and transaction
processing solutions in the retail, oil, banking, health and hospitality sectors in New Zealand, Australia and
throughout the southern hemisphere. It provides the hardware, software, transaction processing and funds transfer
capabilities to enable complete e-commerce solutions. ENDS