Wameja Di Regulatory News (WJA)

19 Dec 2008 11:49

eServGlobal Update on Progress

Sydney, 19 December 2008 

eServGlobal Limited (LSE: ESG & ASX: ESV), a provider of end-to-end solutions, enabling smart communication and payment services for service providers on any generation network, today updates shareholders on progress in a number of areas.

The first half revenue outlook continues to be above A$80 million, as indicated in the Chairman's AGM address of 5 November.

We will provide a detailed full year outlook with the first half results in February 2009. Conditions in our global telecommunications markets are now improving, with subscriber growth in emerging markets meeting the levels forecast by leading analysts. In addition we have significant opportunities in developed countries in the second half, including North America.

At the AGM we also announced that we had appointed ABN Amro to advise on potential options relating to a number of preliminary approaches received from interested parties. A formal process was adopted and several non-binding indicative offers have been received. We will provide a further update for shareholders at the next process milestone, early in 2009.

eServGlobal continues to be the leading provider of advanced mobile charging and payment solutions in over 50 countries worldwide.

About eServGlobal 

eServGlobal (LSE: ESG & ASX: ESV) invents smart communication and payment services for telecommunications service providers operating on all generation networks.  eServGlobal's innovative solutions help service providers to grow new revenues, reduce churn, and lower costs. In addition, service providers are assured of seamless evolution to new network architectures, such as IMS and beyond. 

As payment is crucial, eServGlobal's Charging Suite responds to increasingly sophisticated charging and billing challenges while providing advanced recharge and m-payment solutions. The innovative Retention Suite delivers targeted incentives to increase customer satisfaction and retention. Meeting customer demand for new communication experiences, the eServGlobal Messaging Suite enables reliable delivery of multimedia services such as unified messaging, video blog, SMS, and instant messaging. The Network Suite supplies enhanced personalisation and network optimisation.

Over 80 of the world's leading service providers, with over 400 million mobile subscribers in more than 50 countries, are taking advantage of eServGlobal's end-to-end solutions and expertise to quickly deliver revenue-generating services. With 14 offices around the world and staff from 20 different countries, we provide flexible solutions with ongoing product development, based on a deep understanding of our customers' challenges.

eServGlobal is listed on the Australian Stock Exchange (ASX: ESV) and the London Stock Exchange AIM market (LSE: ESG). In the year to 30 June 2008, eServGlobal reported a net profit after tax of A$10.4 million, up 91.5% from the previous year. A dividend of 3 cents per share was paid for the full year ending 30 June, 2008, an increase of 50% over the previous year's dividend payment. More information can be found at: www.eservglobal.com

Cautionary statements

Statements in this document expressing the beliefs and expectations of management regarding future performance are "forward-looking statements" within the meaning of the United States Private Securities Litigation Reform Act of 1995. These statements are basedon management's expectations as of the date of this document and are subject to uncertainty and changes in circumstances. Actual results may differ materially from these expectations due to risks and uncertainties including, but not limited to, uncertainty in communications spending, the implementation of the Company's strategic repositioning and market acceptance of the Company's new solutions strategy, six-monthly fluctuations in financial results, the Company's ability to exploit fully the value of its technology and its strategic partnerships and alliances, the availability of products from product component vendors and other risks. In addition, while management may elect to update forward looking statements at some point in the future, management specifically disclaims any obligation to do so, even if its estimates change. Any reference to our website in this press release is not intended to incorporate the contents thereof into this press release or any other public announcement.

Ian Buddery Numis Securities LimitedExecutive Chairman Brent Nabbs (NOMAD) / David Poutney (Broking)eServGlobal Limited Tel: +44(0)20 7260 1000

For further information, please contact: