Admerex Limited (ASX:ADL), a provider of receivables lifecycle and credit risk management solutions, announced today that its Philippine subsidiary, Admerex Solutions Inc. (ASI), has signed a contract with the following leading financial organisation:
 
• HSBC (Hongkong and Shanghai Banking Corporation, Philippines).

The signing of this agreement extends the level of business flowing through the ASI Contact Center. Admerex commissioned the Center in August 2007 and has since executed a number of agreements with both local Philippine companies as well as a number of US debt purchasers who utilise this state-of-the-art Contact Center which operates 24 hours a day.

Rob Yeldon, CEO of Admerex, adds, “Building the relationship with HSBC reinforces or position as a leading software and services provider in the credit and receivables management marketplace.”

Admerex is a leading global provider of receivables lifecycle and credit risk management solutions. Its innovative Xpert Solutions series of management software and services is operational in over 160 clients in 25 countries spanning in the finance, utility, telecommunications and debt recovery industries. Admerex partners with its clients to manage costs, risks and receivables revenue. The company has transparent approach to its operations and brings to bear its experience, expertise, commitment and professionalism on every project

Headquartered in Sydney, the company has offices in Atlanta, Dubai, London, Manila, Melbourne and Singapore. For information, please visit: www.admerexgroup.com


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