Wameja Di Regulatory News (WJA)

7 Nov 2007 07:00

eServGlobal Limited07 November 2007 Sydney 07 November 2007 eServGlobal Limited 2007 Annual General MeetingChief Executive Officer's Address Ladies and Gentlemen, It is my pleasure to address you today, thank you for your attendance. I wouldlike to begin with a review of the 2007 fiscal year. eServGlobal has achieved an outstanding result in 2007, to take a clear marketleadership position amongst advanced telecommunications network softwareproviders worldwide. Our 2007 revenue achievement of $153 million represents61% growth over the $95 million 2006 result. This represents 25% growth over a "normalized" 2006 revenue figure of $122 million, as this was our first full yearas a merged entity. The EBITDA margin lifted to 12.33%, up from 10.6% in 2006.The diluted EPS was $0.03, up from $0.017, producing a dividend of $0.02 pershare. eServGlobal is a global services provider, inventing smart communication andpayment services for telecommunications service providers on all generationnetworks, with the ambition of being the largest independent supplier ofend-to-end solutions. During the year ahead, I aim to drive the company forward to meet our keychallenges. I am confident in our capacity to achieve the 2008 fiscal yearfinancial plan and sustain organic revenue growth over 3 years, with 15% revenueannual growth and continuing EBITDA margin growth. We will continue to benefit from our established client base whilst havingexposure to new telecoms activity in fast-growing markets. Emerging markets havesignificant growth of mobile users, particularly in India, South East Asia,Africa and Latin America. Service providers are looking for continuous costreductions and reliable, large-scale infrastructure to support their rapidexpansion, particularly in messaging and mobile financial transactions. Indeveloped markets, service providers are more focused on cost reduction andoffering sophisticated service bundles such as quadruple play offers andfixed-mobile convergence. Our 2008 strategy will require on-going expansion of our key markets, whileexpanding our geographical presence into significant regions through channelpartners and local entities, in order to produce sustained growth. We willcontinue to innovate with our products and processes, to help our clientsdeliver enriched services as their business model evolves. We have exciting plans for new products and technologies including m-payment,IMS-ready services, and customer retention. We will achieve greater efficiencyby productize our offering to enable faster delivery, and reduce the productlifecycles. I would like to thank our staff whose passion and commitment has enabled us todeliver this excellent result. I am sure their outstanding teamwork will allowus to achieve or exceed our 2008 financial plan, as well as continuously improvethe way we do business globally. The principal values I intend to promote areteamwork, cooperation, ownership and empowerment. I thank you, the shareholders, for your support and I look forward to ourcontinuing success. Laurent LafargeChief Executive Officer About eServGlobal eServGlobal (LSE: ESG & ASX: ESV) invents smart communication and paymentsolutions for telecommunications service providers operating on all generationnetworks. eServGlobal's innovative solutions help service providers to grow new revenues,reduce churn, and lower costs. In addition, service providers are assured ofseamless evolution to new network architectures, such as IMS and beyond. As payment is crucial, eServGlobal's Charging Suite responds to increasinglysophisticated charging and billing challenges while providing advanced rechargeand m-payment solutions. The innovative Retention Suite delivers targetedincentives to increase customer satisfaction and retention. Meeting customerdemand for new communication experiences, the eServGlobal Messaging Suiteenables reliable delivery of multimedia services such as unified messaging,video blog, SMS, and instant messaging. The Network Suite supplies enhancedpersonalisation and network optimisation. Over 80 of the world's leading service providers, with over 400 million mobilesubscribers in more than 50 countries, are taking advantage of eServGlobal'send-to-end solutions and expertise to quickly deliver revenue-generatingservices. With 14 offices around the world and staff from 20 differentcountries, we provide flexible solutions with ongoing product development, basedon a deep understanding of our clients' challenges. More information can be found at: www.eservglobal.com Cautionary statements Statements in this document expressing the beliefs and expectations ofmanagement regarding future performance are "forward-looking statements" withinthe meaning of the United States Private Securities Litigation Reform Act of1995. These statements are based on management's expectations as of the date ofthis document and are subject to uncertainty and changes in circumstances.Actual results may differ materially from these expectations due to risks anduncertainties including, but not limited to, uncertainty in communicationsspending, the implementation of the Company's strategic repositioning and marketacceptance of the Company's new solutions strategy, six-monthly fluctuations infinancial results, the Company's ability to exploit fully the value of itstechnology and its strategic partnerships and alliances, the availability ofproducts from product component vendors and other risks. In addition, whilemanagement may elect to update forward-looking statements at some point in thefuture, management specifically disclaims any obligation to do so, even if itsestimates change. Any reference to our website in this press release is notintended to incorporate the contents thereof into this press release or anyother public announcement. This information is provided by RNS The company news service from the London Stock Exchange