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I think this is the deal guys.

 

(1) UK company.

(2) 12 month roll out (as mention in the BQT announcement)

(3) Cash Passport cards (similar to what BQT do)

(4) BQT say that this product will bring major benifits to the global financial community.

 

The rampers on HC wont comment on it, but all the pieces seem to fit.

The strange thing is, this technology is not new so why would BQT get $9.5 million for it ?

 

 

http://www.thecouriermail.news.com.au/comm...55E3122,00.html

 

 

INTERNATIONAL currency specialist Travelex plans a concerted expansion program in Australasia over the next 12 months ÃÆâ€â„¢ÃƒÆ’ƒâہ¡ÃƒÆ’‚¢ÃƒÆ’¢Ã¢Ã¢Ã¢Ã¢â€š¬Ã…¡Ãƒâ€šÃ‚¬ÃƒÆ’…¡Ãƒâہ¡ÃƒÆ’‚¬ÃƒÆ’¢Ã¢Ã¢Ã¢Ã¢â‚¬Å¡Ã‚¬Ãƒâ€¦Ã‚¡ÃƒÆ’‚¬Ãƒâ€Â¦ÃƒÆ’¢Ã¢Ã¢â‚¬Å¡Ã‚¬Ãƒâ€¦Ã¢â‚¬Å“ including a landmark deal with the Bank of Queensland ÃÆâ€â„¢ÃƒÆ’ƒâہ¡ÃƒÆ’‚¢ÃƒÆ’¢Ã¢Ã¢Ã¢Ã¢â€š¬Ã…¡Ãƒâ€šÃ‚¬ÃƒÆ’…¡Ãƒâہ¡ÃƒÆ’‚¬ÃƒÆ’¢Ã¢Ã¢Ã¢Ã¢â‚¬Å¡Ã‚¬Ãƒâ€¦Ã‚¡ÃƒÆ’‚¬Ãƒâ€Â¦ÃƒÆ’¢Ã¢Ã¢â‚¬Å¡Ã‚¬Ãƒâ€¦Ã¢â‚¬Å“ following a record profit for its December 2004 year.

 

The group ÃÆâ€â„¢ÃƒÆ’ƒâہ¡ÃƒÆ’‚¢ÃƒÆ’¢Ã¢Ã¢Ã¢Ã¢â€š¬Ã…¡Ãƒâ€šÃ‚¬ÃƒÆ’…¡Ãƒâہ¡ÃƒÆ’‚¬ÃƒÆ’¢Ã¢Ã¢Ã¢Ã¢â‚¬Å¡Ã‚¬Ãƒâ€¦Ã‚¡ÃƒÆ’‚¬Ãƒâ€Â¦ÃƒÆ’¢Ã¢Ã¢â‚¬Å¡Ã‚¬Ãƒâ€¦Ã¢â‚¬Å“ which is best known for its retail foreign exchange services (travellers cheques and the like) ÃÆâ€â„¢ÃƒÆ’ƒâہ¡ÃƒÆ’‚¢ÃƒÆ’¢Ã¢Ã¢Ã¢Ã¢â€š¬Ã…¡Ãƒâ€šÃ‚¬ÃƒÆ’…¡Ãƒâہ¡ÃƒÆ’‚¬ÃƒÆ’¢Ã¢Ã¢Ã¢Ã¢â‚¬Å¡Ã‚¬Ãƒâ€¦Ã‚¡ÃƒÆ’‚¬Ãƒâ€Â¦ÃƒÆ’¢Ã¢Ã¢â‚¬Å¡Ã‚¬Ãƒâ€¦Ã¢â‚¬Å“ is targeting the corporate sector as its prime area of growth.

 

While Travelex kiosks may be the most visible face of the London-based group, it is commercial management of foreign exchange and outsourcing of retail forex that provides it with the best opportunity for growth.

 

Australasian and Japan managing director Martin Crawford said yesterday that although the "travel money" segment made up more than half of the group's revenue base, commercial foreign exchange was by far the most profitable.

 

 

In its December year, the Australian operations recorded a net profit of $13.76 million, up 64 per cent on the previous year.

 

In Australia, Mr Crawford says the group has enormous opportunity in outsourcing forex services for other financial institutions.

 

Travelex is in "advanced" stages of a deal to supply travel money services through the Bank of Queensland branch network on the eastern seaboard, he says.

 

The deal would see Travelex establish special foreign exchange/travel money desks at larger Bank of Queensland branches, which are presently not renowned as first port of call for those seeking seeking travel money services.

 

The products to be offered through BoQ branches would include travellers cheques, foreign currency exchange and Travelex's Cash Passport cards (rechargeable debit cards usable at most international ATMs.

 

American Express has a similar arrangement with Westpac.

 

Mr Crawford says the Bank of Queensland deal marks the next step from the outsourcing of travel money services Travelex already provides to banks and building societies,

 

In the UK, the company dominates the outsourced retail foreign exchange market with agreements with companies such as Barclays and NatWest.

 

"One of our primary goals is to expand our outsourcing business and do business with one or more of the big four banks.

 

"The second goal is to expand our corporate foreign exchange."

 

In Australia Mr Crawford estimates Travelex already has about 12 per cent of the SME ($5 million to $20 million turnover) market, and sees great opportunity in the mid-cap sector.

 

 

 

 

 

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In reply to: kiril on Thursday 16/06/05 02:42pm

Thursday 9th June 2005

Due to Confidentiality Agreements, BQT is not at this stage able to give more information. Our client will shortly be releasing to the world media the details of their world breaking technology and its application. After our client has made public their announcement, BQT will give details of the significance of this important breakthrough and how this will equate to further global opportunities for BQT.

 

 

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In reply to: texas4qld on Thursday 16/06/05 03:18pm

Tex i think BQT would put out an announcement simultanious(or within minutes) with travelex if this was the deal???????

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In reply to: paperclip on Thursday 16/06/05 05:18pm

An arrangement could be with any of the following:

 

Travelex

AMEX

Visa Card

Master Card

Diners Club

 

To me it is doubtful that any of the above will announce publicly that they are in bed with BQT.

 

BQT will have to disclose themselves, details of when a contract is signed

 

Nifty http://www.sharescene.com/html/emoticons/blink.gif

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You've got to think.....when the announcement does get released 'to the worlds media', should the price fly....and I mean really fly.....how 'DOH' are you going to feel if you are not onboard?

 

I have taken all info with a grain of salt.....but its just too much fun speculating on stocks with massive bluesky potential like BQT not to have a seat at the table.

 

Tex, I value your balanced voice of reason.....everyone is entitled to an opinion...and it is good to hear both sides of any arguement.

 

Somewhat smells of the nickle boom, where every punter had the chance to purchase a penny dreadfull that could make you rich.

 

I hold a fair few of these now....which I have accumulated over 8 months or so.

 

I hold.

 

Kiril

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"Somewhat smells of the nickle boom, where every punter had the chance to purchase a penny dreadfull that could make you rich."

Not sure I would agree with the statement.

What other technology share beside TZL really has blue sky potential with real fundamentally sound technology? The only recent event similar to nickel boom was that of teh tech boom in 1997/98. Now even companies with real technology like TZL and BQT find it difficult to gain recognition

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