TZ continues to pursue Pos Malaysia contract

Company News

Mark Bouris’ TZ Limited (ASX:TZL) is continuing to pursue a contract with Malaysia’s sole postal services provider, Pos Malaysia, after the deal missed a key deadline.  
 
TZ received a tender award for the supply, installation and post-implementation support of Electronic Parcel Lockers for Pos Malaysia in October. 
 
The contract was conditional on both companies entering into a formal contract of supply by the beginning of December, or any other date determined by both groups.
 
TZ says both parties have now agreed to extend the date to January 9 to continue negotiations and enable the contract to be finalised. 
 
TZ reported a net loss of $11.79 million in the 2014 financial year.