Wameja Di Regulatory News (WJA)

8 Feb 2006 09:33

eServGlobal Limited08 February 2006 eServGlobal Revises First Half Outlook. Sydney 8 February, 2006 eServGlobal Limited (LSE: ESG & ASX: ESV), a worldwide supplier of independentand flexible telecommunications Value Added Services for Messaging and Chargingsolutions, today announced a revised sales outlook for the half year ending 31Dec, 2005. A long standing customer in Indonesia deferred late today what it had previouslyadvised was a commitment to large incremental IN system capacity, which wasincluded in our earlier First Half Outlook. Our first half accounts are still being finalised and the audit not yetcompleted, but group revenue for the half is now expected to total A$32million,compared to A$35million foreshadowed on 21 December, 2005. The figure for thecorresponding period of the previous year was A$17.446millon. With this change, the first half EBITDA (Earnings Before Interest, Taxation,Depreciation, Amortisation) is now expected to be about A$1.3million (excludingcosts associated with the acquisition of Ferma SA). eServGlobal's Executive Chairman, Mr Ian Buddery, said, "It is disappointing toannounce this variation but in our business highly respected long-term customersoccasionally change or defer their commitments. We believe that a cautiousapproach to revenue recognition is necessary at all times. Based on all of theinformation available to us at this time, we expect that the situation with theproject in Indonesia will be resolved within our second half and we areconfident of achieving a strong full year result." About eServGlobal eServGlobal (LSE: ESG & ASX:ESV) is an international software and professionalservices company providing telecom service intelligence solutions, using anetwork-independent, open & convergent architecture. eServGlobal offers a full suite of network services, pre-paid mobile re-chargesolutions, end-to-end messaging, NGN (Next Generation Network) services andreal-time convergent charging & billing for all voice & data services. Thesesolutions help telecommunications carriers increase revenue whilst reducingoperating costs and billing every call and message accurately. eServGlobal's software provides an advanced, scalable and open-standards basedservices environment for voice and data, which is suitable for fixed-line andmobile networks, both circuit and packet switched. Over 120 million people, across 50 countries, rely on eServGlobal systems fortheir telecommunications services. More information can be found at: http://www.eservglobal.com Ian BudderyExecutive ChairmaneServGlobal Limited e-mail: info@eservglobal.comphone: +61 2 9364 2700 This information is provided by RNS The company news service from the London Stock Exchange