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Provenco Partners With American Express

April 21, 2006

Provenco Partners With American Express

Listed technology company Provenco has partnered with American Express by acquiring its New Zealand base of eftpos terminals.

Under the deal, Provenco will acquire and manage the fleet of terminals as well as providing ongoing support to customers who operate the terminals.

The terminals are located mainly in hotels and restaurants around New Zealand.

General manager of Provenco Payments, John Tait, said the acquisition of the fleet was a welcome addition to Provenco's domestic business.

"Businesses operating the terminals will automatically gain access to Provenco's advanced payments technology and customer services."

American Express' VP Merchant Services, Membership Awards and Engagements in New Zealand, Stephen Powell, said: “The terminal business is becoming more specialised with the introduction of the latest security standards. Having a technology partner like Provenco made a lot of sense for us."

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About Provenco:

Provenco is a New Zealand-founded technology company operating globally with customers in 23 countries. Listed on the New Zealand stock exchange (NZX: PVO), the company has a number of international offices including those in Beijing, Kuala Lumpur, Melbourne and Sydney.

After more than 30 years on the technology scene, Provenco has evolved into a sound and diverse company. With a heritage in Eftpos and payment solutions, Provenco’s business now extends across a range of technology applications for the retail environment.

The company’s growing diversity is reflected in each of the key areas of its operations today – providing forecourt solutions for the international retail oil industry; payment technology and Eftpos in the domestic New Zealand market; and retail technology including mobile and wireless technology for the Australasian market.

Provenco’s tailored solutions for retail business environments use a combination of internally-developed software and hardware, as well as top international brands. For more information, visit www.provenco.com

ENDS

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