ADMEREX GROUP CONTRACTS WITH ING BANK (AUSTRALIA) LIMITED

29 October 2007

ADMEREX Limited [ASX:ADL] today announced the signing of an agreement with ING Bank (Australia) Limited for the licence to use CollectionWorks (CWX) collections and recovery management software.

CWX is a software system designed to manage the total process required in the collections and recovery activity for banks, financial institutions, insurers, mortgage providers and telecommunications companies

Admerex CEO Rob Yeldon said, “We are delighted that ING Bank has chosen CWX after a comprehensive selection process. Awarding this contract to Admerex acknowledges the competitive advantage that our products and expertise is able to deliver”.

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