YPB Group Receive New Mexican Order for Vital Record Documents

23rd March 2016, ASX Announcement

YPB Group Limited (ASX: YPB) has received an order for 700,000 vital record documents for the State of Guanajuato in Mexico, the second order resulting from the recently announced six year joint venture (JV) with Affyrmx LLC.

Terms of the order are commercial in confidence, however as previously announced, typically such vital records documents have an order value (to the Government) of between $US0.10 to $US0.30 per document. These orders to provide a strong recurring revenue stream as once the initial order is secured, there is an annual usage requirement.

The State of Guanajuato is one of 31 Federated States in Mexico with a population of approximately 5.5 million people. Each state within Mexico sources its own vital records documents, to record such events as births, deaths, marriages etc. With a population of approximately 130 million Mexico has an estimated annual usage of vital records documents of between 50 and 60 million documents. The JV’s successes in Jailsco and now Guanajuato see it well placed to capture a significant portion of the market.

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