Optima looks west for expansion

Optima looks west for expansion

ASX-listed PC vendor, Optima ICM, is looking to expand its business into Western Australia.

The PC manufacturer wants to expand both geographically and through the targeting of key market segments, according to managing director, Cornel Ung.

The company is currently bidding for a $30 million education and government contract in the state, and is eagerly anticipating the outcome. "We wish to continue to develop within the government and education sector,” Ung said. "And currently we are only located on the east coast, so we are now looking to expand to the west."

Optima managing director, Cornel Ung, discussed the company's plans with ARN following the release of its half-year financial results.

In the half-year period ending December 31, 2003, the company saw an 18 per cent increase in revenue, rising to $56 million. The PC manufacturer reported a net profit after tax of $1.32 million for the same period.

The company has also recently increased its reseller network, signing up 27 new resellers.

There are also plans to sign with a national reseller and distributor in the near future.

Optima is also considering expansion through strategic acquisition.

“We are currently looking at acquiring a systems integration service,” Ung said. “We’re talking to a few businesses, but we haven’t made a decision as yet.”

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