Company Name

:

THETA EDGE BERHAD
Stock Name

:

THETA  
Date Announced

:

20/01/2012


Type

:

Announcement
Subject

:


Description

:

Teaming Agreement between Konsortium Jaya Sdn Bhd and TMS Software Sdn Bhd

Announcement Details/Table Section :


The Board of Directors wishes to announce that Konsortium Jaya Sdn Bhd ("KJSB"), a wholly- owned subsidiary of the Company, had on 18 January 2012, entered into a Teaming Agreement ("Agreement") with TMS Software Sdn Bhd ("TMSS"), as both parties wish to work together, with KJSB as the intended main contractor, while TMSS as the intended subcontractor to KJSB for the submission of a proposal to the Government of Malaysia, represented by the Ministry of Education ("Customer") in relation to the "Perluasan Sistem Pengurusan Sekolah" to all schools nationwide ("Project") for their respective scope of work, with TMSS's portion. If such Project is awarded by the Customer to KJSB, the both parties agree for:-
(a) KJSB to enter into an agreement with the Customer ("Prime Contract"); and
(b) TMSS to enter into a subcontract agreement with KJSB ("Subcontract"),
for the implementation of the Project, with both parties' respective responsibilities as described in the Agreement.

Save for En. Richard George Azlan bin Abas who has an indirect interest in TMSS through shares held by his wife in the said company which is less than 5%, none of the Directors and/or the substantial shareholders of the Company or any persons connected to them have any interest, direct or indirect in the Agreement.

En. Richard George Azlan bin Abas has declared his indirect interest and abstained from any deliberation and voting on the matter. He is not a signatory to the Agreement.

Should there be any development pertaining thereto, the Company will make the necessary announcement accordingly.

This announcement is dated 20 January 2012.