DGC - Digicore Holdings Limited - Voluntary announcement: Digicore

DGC - Digicore Holdings Limited - Voluntary announcement: Digicore              
Partners with Discovery Group to target the short term insurance market         
DIGICORE HOLDINGS LIMITED                                                       
Incorporated in the Republic of South Africa                                    
(Registration number: 1998/012601/06)                                           
Share Code:    DGC                                                              
ISIN Number:   ZAE000016945                                                     
("DigiCore" or "the Company")                                                   
VOLUNTARY ANNOUNCEMENT: DIGICORE PARTNERS WITH DISCOVERY GROUP TO TARGET        
THE SHORT TERM INSURANCE MARKET                                                 
It gives the Board pleasure to announce that DigiCore has concluded an          
agreement with the Discovery Group to be their exclusive partner of             
Telematics products for Discovery`s short-term insurance company,               
Discovery Insure.  The product used will be a CtrackRegistered device           
from Digicore, branded as DQ-trackTM by Discovery, with the telematics          
services also provided by Ctrack.                                               
Discovery started a formal process in early 2010 to identify a technology       
and business partner and ultimately selected Ctrack.  This agreement now        
gives DigiCore access to a potential market of approximately 1 million          
vehicles in South Africa owned by people dealing with Discovery.                
We view our technology and products as `intelligent solutions` and              
recovering stolen vehicles is only a by-product of the services we              
render. Our technology has the ability to generate data that already            
started to revolutionise the short-term insurance industry as it is known       
today.  In partnership with Discovery, our goal is to further advance the       
use of telematics in this particular industry while servicing their             
clients with the best possible interactive telematics solution. We              
envisioned this advancement and partnership for a long time and we are          
very pleased to see it realising today.                                         
The exact financial impact on DigiCore is still unknown and the Board           
does not want to speculate at this stage.                                       
14 June 2011                                                                    
Sponsor                                                                         
PSG Capital (Pty) Limited                                                       
Date: 14/06/2011 15:26:01 Supplied by www.sharenet.co.za                     
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