Reuters: Tech-Value preliminary H1 revenues at EUR 9 mln, to set up Tech-Value Iberica

Sept 6 (Reuters) - TECH-VALUE SPA ::REPORTED ON TUESDAY H1 PRELIM REVENUE ABOUT 9.0 MILLION EUROS VERSUS 5.4 MILLION EUROS A YEAR AGO.

BOARD APPROVES THE INVESTMENT TO SET UP TECH-VALUE IBERICA .SET TERMS OF THE AGREEMENT WITH SPAIN'S LYNX IBERICA TO BUY ITS BUSINESS UNIT ACTIVE IN THE BANKING SEGMENT.AGREEMENT ALSO PROVIDES FOR THE PURCHASE OF THE WHOLE SHARE CAPITAL OF LYNX TECNOLOGIA Y INNOVACIO.TOTAL AMOUNT OF THE TWO TRANSACTIONS IS 0.2 MILLION EUROS.TRANSACTION VALUE TO BE PAID 50 PCT IN CASH WHEN THE AGREEMENT IS SIGNED AND 50 PCT BY THE END OF MAY 31, 2018.SETS TERMS OF AGREEMENT WITH LYNX TO DEVELOP A SPANISH AND INTERNATIONAL 2018 VERSION OF ANTI MONEY LAUNDERING SOFTWARE "NAMEBOOK" AND THE SALE OF THE DOMAINS ASSOCIATED WITH IT.PRICE OF THE INTERNATIONAL SOFTWARE VERSION IS EUR 0.08 MLN AND WILL BE PAID VIA 20,000 TECH-VALUE SHARES AT EUR 4/SHR.PRICE OF SPANISH SOFTWARE VERSION IS EUR 28,000 TO BE PAID VIA CASH.