Wameja Di Regulatory News (WJA)

25 Oct 2006 08:11

eServGlobal Limited25 October 2006 Sydney 25 October, 2006 eServGlobal Limited 2006 Annual General Meeting : Chairman's Address Ladies and Gentlemen, 2006 was a year of dramatic transformation and success for eServGlobal. The merger of eServGlobal and Ferma SA in late 2005 was a significantundertaking which brought together two companies with deep history in theinternational telecommunications marketplace. Our task was eased by the logicalfit of our products and technology and the fact that we both addressed the sametypes of customers with a very similar value proposition. As a result of the merger, we have moved from a niche supplier of switch networksoftware technology to a position of leadership in charging and messaging forthe global telecommunications industry. We truly are the "cash register" of themodern telecoms carrier, bringing together the technology of the telephonenetwork with payments and charging. We have more than doubled the scale of the business. With 8 months contributionfrom the former Ferma operation, we lifted revenue in 2006 to $95 million andEBITDA to $10 million. For the second year in a row, we are paying a dividend,increased to 1.2 cents per share. We are delighted to demonstrate ourcommitment and ability to return value to our shareholders. Our current revenue forecast for the first half of the 2007 year is above $60million and we expect an excellent full year result, with growth in every area. As usual, we added several new customer accounts and completed major newrollouts during 2006. Our success in the Next Generation Network (NGN) marketis a key foundation of our long term growth strategy, a strategy that we believewill secure our position as the largest independent supplier of networkintelligence solutions. Our share price weakened following a difficult first half and we are aware ofthe need to produce assured results in future. We are encouraged by newinvestor interest over recent months, however we take the view that the fullvalue of the company will only be achieved by consistently delivering profitablegrowth over the long term Our company today has a management team of immense collective experience, matureinternal processes and world-leading technology. Never before have we presentedsuch strength to our customers, never before have we had such a significant rolein our industry. We now have every opportunity to deliver the results ourshareholders expect and every confidence that we can exceed those expectations. I will now ask our Chief Executive, Dr Roger Agniel, to address you. Ian BudderyExecutive Chairman About eServGlobal eServGlobal (LSE:ESG & ASX:ESV) specializes in enhanced multimedia communicationservices and real-time multi-networks control solutions. Our systems enableService Providers to maximize today's proven revenue streams whilst ensuringservice continuity and new revenue opportunities when evolving to nextgeneration networks. eServGlobal solutions are designed for use in all types of networks from fixedto mobile to NGN/IMS. eServGlobal provides cost-effective and reliablemultimedia messaging delivery from voice to video mail; from SMS routing,antispam control and value-added services to instant messaging and presenceservices. eServGlobal delivers the most advanced prepaid top-up methods andreal-time rating enabling innovative marketing and prepaid-postpaid convergence Headquartered in Sydney, eServGlobal has operations in 15 countries worldwide.More than 75 Service Providers in over 50 countries are taking advantage of ouradvanced solutions and multi-network expertise to successfully address theirbusiness challenges. More information can be found at: http://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