Intaz Limited
Registered Office Address
Deloitte Touche Tohmatsu
Deloitte House
61 Molesworth Street
Wellington
Directors
BINGHAM, Nigel
TAYLOR, Mark Andrew
SAVAGE, Christopher Roy
CAMERON, Robert Laurence
GOULD, Nigel James
McINTYRE, Dianne Mary
History
Incorporated: 07-APR-2000
Major Shareholders
Intaz Holdings Ltd - 67%
Minimum Holding
Unknown
Share Registry
Deloitte Touche Tohmatsu
P.O. Box 1990
Wellington
Major Assets
Website
www.intaz.com
News
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3rd May 2002 - NBR Personal Investor, by Chris Hutching
Soft debut for the unlisted Intaz
The share price of the latest unlisted float, Intaz, eased to 95c yesterday on a handful of
trades worth under $4000. The shares listed at 98c before drifting back to 95c - the same
price offered in the prospectus to early-bird investors who subscribed for shares before
March 8. They were also granted options on a 1:3 basis exercisable at $1 in 12 months.
Intaz went to the market in March for $10 million but raised just $5.3 million, sufficient to
proceed with its planned sales programme in New Zealand and Australia while deferring a roll
out in the UK. Intaz raised $5.3 million and has allotted 5,478,753 new shares that trade as
unlisted securities (under the code ITZ).
The company has developed a comprehensive health and safety software business and had high
hopes for accelerating sales over the next three years. It achieves direct sales in this
country and also through intermediaries and clients such as IBM, Woolworths, Powerco, Heinz
Wattie's, EnviroWaste, and RD1.
The UK operation had been forecast to produce a sales surge from $5.5 million in 2003 to
$41.4 million in 2004 and $61.7 million in 2005. More modest sales increases were forecast
from New Zealand and Australia. The bold prospectus forecasts predicted an after-tax loss
ending March 2002 of $4.9 million reducing to a $2.8 million loss next year before rising to
a $8.8 million profit in 2004 and $14.1 million in 2005.
Brokers and financial planners rated Intaz as a venture capital stock and also noted the
share options granted to 22 related parties and directors, and the senior executive share
option scheme allowing directors each year to issue options annually equivalent to 5% of the
total number of shares on issue. Founding shareholders hold about two-thirds of the company's
capital.
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22.03.02 - NBR Personal Investor
Health and safety software marketer Intaz, on the eve of a Stock exchange listing, said it
had signed a "very significant" contract with Tranz Rail to install its SafeTnet 4 product in
the rail carrier's freight operations.
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07.03.2002 - COMPANY ANNOUNCEMENT
INTAZ announces $10 million capital raising, USM listing Intentions
INTAZ Limited, a software development company with a unique Health and Safety software
package has announced its intention to raise $10 million and to seek listing on the Unlisted
Securities Market (USM).
INTAZ Chairman Mr Mark Taylor said today the company expected to release the prospectus for a
public issue next week.
INTAZ is a health and safety solutions company with a number of software products that it
plans to distribute globally. The major focus of the company is enterprise-based health and
safety software targeted at both large and small commercial organisations. INTAZ already has
a number of customers utilising their software including Woolworths (NZ) and Powerco.
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06 March 2002 - ZDNet Australia, by Stephen Withers
NZ developer meets Victorian workplace safety challenge
Proposed changes to Victorian law will create new criminal offences of 'corporate
manslaughter' and 'negligently causing serious injury by a body corporate', and a New Zealand
based software developer is hoping to take advantage of the situation.
If the new Bill is passed penalties will be substantial, especially for smaller businesses:
AU$5 million for manslaughter or AU$2 million for causing serious injury. Company directors
and senior managers may also face corresponding charges; penalties for manslaughter would be
up to five years imprisonment, a fine of up to AU$180,000, or both. In the case of
negligently causing serious injury, the proposed maximum penalties are two years, AU$120,000,
or both.
NZ-based INTAZ is hoping to cash in on the proposed amendments, having developed software
that allows organisations to take a proactive approach to occupational health and safety, and
is touting its service for small to medium sized enterprises at as little as AU$15 per
employee per month. The system simplifies the capture of safety-related data, and identifies
trends that are outside the norm. According to Dianne McIntyre, solution development manager
and the founder of INTAZ, in one example it highlighted that a particular car was involved in
three accidents. Investigation revealed its chassis had been buckled in the first accident,
and that unrepaired fault had contributed to the others. "They [small businesses] effectively
get a professional health and safety manager at a price they can afford," according to Rob
Clark, general manager of INTAZ Australia.
Larger companies can license the software in the normal way. The software includes a library
of workplace hazards containing material drawn from around the world, and a CD-ROM based on
the library was recently sent free of charge to 56,000 employers by the New Zealand's
Accident Compensation Corporation in conjunction with INTAZ.
INTAZ�s existing clients vary in size from five to 10,000 employees, mainly in the
engineering, utilities, pharmaceutical, construction and retail industries, and in the light
of the proposed legislative changes and the current advertising campaign by the Victorian
Workcover Authority, it is hoping more organisations will be reviewing their safety
practices.
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December 2001 - Employment Today
Farm safety
ACC and health and safety management consulting company INTAZ have launched 'Thinksafe' a new
CD-Rom highlighting hazards on the farm and safe work practices. It will be mailed to 56,000
employers as part of ACC's drive to reduce injuries from accidents on the farm.
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September 2000
Quay Capital Partners acquired 67% of Intaz. QCP is an investor group which consists of a
number of wealthy individuals and a major institution.
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