ECS BOTANICS HOLDINGS LTD — AGM Information 2010

Nov 24, 2010

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Hostech
Limited ACN:
009
805
298 71
Thistlethwaite
St South
Melbourne
3205 VIC
Australia Tel:
03
9
698
7800 Fax:
03
9
698
7878 www.hostech.com.au

ASX

Announcement Annual
General
Meeting
November
25,
2010 Chairman’s
Address

At
the
2009
Annual
General
Meeting,
the
then
Chairman
Campbell
Corfe
introduced
you
to
a
re-­‐invigorated board
of
directors
and
outlined
an
exciting
plan
of
growth
for
your
company.
Since
that
meeting,
the business
has
completed
8
acquisitions
and
grown
to
225
people
across
15
locations.
This
growth
was recently
recognized
by
industry
leaders
such
as
CRN
with
Hostech/Anittel
winning
the
CRN
Fast
50
award, the
ARN
Reseller
of
the
year
award
and
placing
7[th] in
the
Delloittes
Technology
Fast
50.
It
should
be
self evident
that
this
is
in
fact
now
an
entirely
new
national
IT&T
business
and
as
such
we
have
before
you today
a
resolution
to
acknowledge
this
change
with
the
renaming
of
the
business
to
Anittel.

From
the
Board’s
perspective,
an
aggressive
growth
and
acquisition
strategy
is
not
an
insignificant undertaking
and
as
such
we
would
like
to
recognize
and
congratulate
the
efforts
of
your
CEO
Ilkka
Tales
and his
executive
leadership
team,
many
of
whom
have
come
from
the
businesses
acquired
over
the
past
12 months.
Such
a
program
of
growth
is
not
without
its
challenges
and
whilst
for
the
most
part,
integration
is complete,
with
the
8
businesses
and
225
staff
now
running
from
a
single
back
office
and
service
delivery platforms,
there
remains
several
additional
opportunities
to
realize
synergies
within
the
business
and
we will
continue
to
maximize
the
benefits
from
the
new
business
combinations.
Added
to
this,
the
business
has faced
pressure
on
its
performance
with
a
significant
softening
of
hardware
sales
in
Tasmania,
as
previously announced
to
the
market,
a
trend
which
I
am
pleased
to
say
has
begun
to
reverse.
Whilst
at
this
point
the board
is
not
re-­‐affirming
its
previous
guidance
we
see
a
clear
path
to
the
success
we
have
previously espoused.
The
board
and
executive
will
continue
to
monitor
the
broader
market
trends
whilst
focusing
on operational
efficiencies
and
at
an
appropriate
time
will
restate
our
expected
position
for
June
30,
2011.

Strategically,
I
believe
the
Company
is
well
positioned
to
capitalise
on
several
market
trends;
the increasingly
sophisticated
requirements
of
small
to
medium
enterprises
for
IT&T
services;
the
movement
of on-­‐premise
installed
product
off-­‐premise
and
into
the
cloud;
and
the
ability
to
deliver
sophisticated
IT&T products
as
an
affordable
suite
of
services.
These
trends
see
an
immature
spread
of
over
10,000
small
scale IT
shops
servicing
over
750,000
SME’s,
a
market
ripe
for
consolidation.
Anittel
is
continuing
to
seek
out
the more
developed
and
well
placed
of
these
to
be
a
part
of
our
national
approach
to
providing
much
needed IT&T
services
previously
only
available
to
large
enterprises.
As
previously
stated
our
goal
is
to
scale
up
to become
Australia’s
leading
regional
and
SME
focused
IT&T
business
and
we
have
both
the
capacity
and plans
to
see
us
achieve
this.
We
will
continue
to
grow
organically
and
acquisitively,
and
our
M&A
team
is receiving
regular
calls
from
significant
competitors
who
have
recognized
the
strength
of
our
strategy
and who
are
eager
to
become
a
part
of
our
continued
expansion.

Finally,
we
have
made
a
commitment
to
move
towards
ASX
guidelines
for
best
practice
as
a
board
of directors
of
a
listed
company.
This
will
see
the
board
evolve
in
the
coming
12
months
from
a
very management
focused
operationally
engaged
board,
to
a
broader
based,
strategically
focused
governance board
with
a
clear
focus
on
building,
consolidating
and
securing
shareholder
value
and
returns.
As
the
start of
this
process,
I
would
like
to
announce
the
resignation
of
Steve
McAllister.
Steve
has
recently
taken
on
a wider
responsibility
in
his
role
at
Telstra
and
as
a
result
is
stepping
down
from
his
role
as
a
non-­‐executive

director
of
Hostech.

I
would
also
like
to
thank
Matthew
Costello
for
his
contribution
as
an
Executive Director.
Matthew
has
stepped
down
from
the
board
to
focus
on
his
role
as
Commercial
Director
reporting to
the
CEO.
Matthew
has
been
instrumental
from
the
beginning
with
Campbell
Corfe
in
driving
this business
into
a
new
era
of
growth.

Peter
Kazacos Chairman On
behalf
of
the
Board
of
Directors Hostech
Limited