Softbank expects to boost 2005 profits with bevy of new contracts

The value of the contracts does not exceed a few million złoty. The firm announced it would sign three new contracts for this solution by the end of the year. "The influence of the contracts will not be clearly visible in our 2005 revenues. The situation changes however, if we take into account net profits," said Krzysztof Korba, president of Softbank. According to Parkiet information, the profit ratio for implementing the systems amounts to an even 50%. "We are negotiating with three banks. The first of them will be signed after the holidays," stated Korba. Two following orders should be acquired in Q1 2006. These will all be smaller banks, but Softbank intends to reach larger clients with its offer. (Parkiet, p. 3) M.M.