Cadmus Appoints Keith Phillips To Its Board

AUCKLAND – 07 August, 2001 – Payment systems specialist, Cadmus Technology Ltd (NZSE: CTL) has appointed Keith Phillips as an independent Director to its Board.

“Mr Phillips is a welcome addition to our Board with his substantial management and marketing experience,” says Cadmus Managing Director, Ian Bailey. “A proven leader in the marketing and financial sectors with global experience in the technology industry, Mr Phillips brings a solid understanding of successful company expansion into high growth international markets.”

“Mr Phillips will provide a good balance to the company’s board – following the recent appointment of Mr Robert Parkinson to Independent Director - as we continue to grow our market presence locally and develop our international base.”

Keith is a Director of technology companies and has held various executive and financial positions, including most recently being Managing Director of IT Capital, which he successfully built to be one of New Zealand’s leading venture capital companies.

He has also been Managing Director for Telecom Equipment Supplies and Managing Director for Terabyte Interactive – the latter he developed into New Zealand’s largest new media company and successfully sold to Rupert Murdoch’s NZ based company, INL.

Keith has been a Managing Director for Apple Computers Inc. (UK), Director of Marketing for Apple Computers Inc. (USA), and an International Marketing Manager for Gillette (Africa, Middle East and Eastern Europe).
Keith is presently active in developing “Innovation Harbour”, a means of positioning Auckland’s innovation for the global marketplace.

He has a Business Science (Honours) degree major in Business, Economics and Marketing.

Cadmus, via its 50:50 Joint Venture with Trustpower (POS Power), recently announced the successful trial of the world’s first debit / credit domestic payment terminal system.

ENDS

Company Background

Cadmus Technology Limited is an end-to-end payment solution and data management services provider. It operates a number of unique interfaces into the NZ EFTPOS infrastructure enabling the capture and processing of information relating to customer spend, as well as the processing of in-house and private label cards.

Clients include the Vodafone Warriors Rugby League, Bartercard, Stihl, Trustpower, and many of the major motor vehicle importers and distributors.

Cadmus has a 50% interest in POS Power Limited, via a joint venture agreement with Trustpower, a 50% interest in a joint venture with E-Smart Card Technologies Limited and a 4.55% strategic shareholding in Insight Technologies (Asia Pacific) Pty Limited.

For more information, please visit www.cadmus.co.nz

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