JCURVE SOLUTIONS LTD — Annual Report 2009

Sep 13, 2009

Stratatel Limited ACN 088 257 729

Company update

Issue 4 – September 2009

Stratatel acquires Resource Systems, launches softlog.mobile™ and fast tracks Sales and Marketing

Highlights

• Revenue growth of 31% over previous corresponding period

• EBITDA growth of 36% over previous corresponding period

• Final dividend of 0.25c per share (full year dividend 0.5c per share)

• Acquires Australian IBM Business Partner, Resource Systems & Services

• New leadership team in Stratatel’s Expense Management Division

• Launches softlog.mobile™ and promotes at ALPMA conference

• Implements aggressive sales and media strategy to fast track sales

Dear Shareholder

Once again I am pleased to be able to update you on the Company’s activities at a time when we have recently reported impressive growth, in difficult economic conditions.

During the full year to June 2009, Stratatel has experienced revenue growth of 31% over the previous corresponding period, with an EBITDA growth of 36%.

The decrease of NPAT is the result of an adjustment for tax accountability relating to research and development expenditure in the 2009 financial year.

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The Company continues to pay dividends and has announced that the final dividend for the year ended 30 June 2009 of 0.25 cents per share held will be paid on 15 October 2009.

Mike Fairclough

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Acquires Australian IBM Business Partner, Resource Systems & Services

Since the last update, we have acquired the Australian IBM Business Partner Resource Systems & Services and the business will trade as Stratatel Resource. This broadens the Company’s software services business through a partnership with IBM providing IBM software supported by Stratatel Resource’s technical, project management and support services.

Stratatel Resource is a leading certified IBM Business Partner with experience in Lotus, Tivoli, Rational, WebSphere and Information Management, and has developed proprietary software solutions for corporate customers using IBM software technology to address business requirements including document management and helpdesk solutions. In addition Stratatel Resource provides ongoing application management services in support of these customised IBM software solutions. According to the IBM website, the Australian software market delivered total annual revenue to IBM Australia Limited of $3.9bm, while Datamonitor assessed the total software market in Australia for 2008 to be worth $7.8bn[1] , with a forecast $9bn by the end of 2013.

While the current business is based in WA, Stratatel Resource has the potential to become IBM’s premier national software partner in Australia through strategic acquisitions across the country over the next 24 months and a rollout of IBM certification and training for staff. Stratatel envisages significant revenue growth potential for this new division by way of both organic growth and the acquisition strategy which is currently underway.

New Leadership Team in Stratatel’s Expense Management Division

At the start of the financial year, a milestone was reached in the development of Stratatel. The Phoneware, Softlog and FleetManager divisions were combined into a single business unit, the Expense Management Division (EMD).

“I have much information to share with the Partners from the conference and will be discussing in detail your software which looks very interesting and helpful.”

A renewed leadership team has been transitioned into the EMD with Matt Parry taking on the role of CEO. Matt has worked with Stratatel for four years, and was previously the General Manager of Operations. The promotion to CEO recognises Matt’s contribution to Stratatel, and will provide the operational focus to enable the EMD to continue to deliver innovative products and build organic growth.

Implements aggressive Marketing and Media Strategy to fast track Sales

Advertising around softlog.mobile™ has commenced in the Law Society Journals in all States. The first advertisements were published in the September issues of the following journals:

Mike Fairclough will continue as Managing Director, with the opportunity to focus on pursuing acquisitions and strategic opportunities for Stratatel.

• Law Society Journal NSW Circulation: 23,864

Launches softlog.mobile™ and promotes at ALPMA conference

• Proctor QLD Law Society Circulation: 8,342

The recently launched softlog.mobile™, a key new product from the new EMD was premiered at the ALPMA (Australian Legal Practice Management Association) Management Summit 2009 in August, and there was a very positive reaction to the product.

• Law Institute Journal VIC

addressed to 12,833 legal practitioners and allied professionals

• Law society Journal WA distributed to over 3000 solicitors, barristers and judges

The ALPMA Summit is a leading education event for law firm managers and legal practitioners from small to large firms around Australia and New Zealand. This two day event took place on August 14th and 15th at the Royal

• The Law Society Bulletin SA

reaches approx. 9000 readers

Pines Resort on the Gold Coast.

Technology breakthrough captures billable time on mobiles

In a world first, Australian software innovator Stratatel has developed mobile phone technology that captures and records billable time which is fully integrated with the firm’s back end billing and client processes when lawyers talk to clients on mobile phones. This new technology is fully automated and in- “For the first time any tegrated with the firm’s back lawyer who spends time end systems, and individual away from the office can client and case information is effectively record their time updated regularly. and ensure that working on the move doesn’t necessarily A survey conducted at one mean losing money.” legal practice, revealed that Matt Parry with mobile phone records CEO softlog.mobile from nine lawyers taken into account, a total of $21,888 additional revenue could be In addition to softlog. ence with cost recovery in captured per month using softlog.mobile. firm, a significant amount of revenue, which without the mobile, Stratatel Softlog has over 20 years experilegal firms of every size around Australia. tracking of mobile phone This would result in a total calls would not have been For more information about softlog.mobile phone of $262,656 a year for the billed. 1800 773 391 or visit www.stratatel.com.au

The fact that Softlog had a new and innovative product, which was demonstrated to delegates, resulted

in a very high level of interest, with 30% of the Summit Delegates registering their interest with the team for trial or follow-up discussion.

To help attract delegates to the softlog. mobile™ stand, a competition to win a Blackberry Bold was used, and worked well as a draw card for delegates. Jeanne Mackenzie, Human Resources Manager from Coulter Roache won the Blackberry, and was very impressed with the demonstration of softlog.mobile™.

These journals are an authoritative voice on developments in the legal practice in Australia and will assist to raise awareness of softlog.mobile™ in the market place. In addition, Stratatel has appointed a public relations firm to raise the Company’s profile in key market sectors. This also means that people will start hearing and seeing a

1 : Datamonitor – Software in Australia, March 2009

Company update

lot more about softlog.mobile™ in the coming months.

Security Details

Symbol: STE

Issuer name: Stratatel Ltd

Activities include:

Last price (as at 02/09/09): $0.090 FPO Shares on issue: 115,579,309

• Regular electronic client survey to determine public opinion on topical issues and generate news stories

• Targeted sectorial advertising that explains the real benefits of softlog. mobile™ to key target audiences

• Media relationship building with key journalists in mainstream business and vertical sector media; and

• Customer case studies

The first PR outcomes have been warmly received. Alex Boxsell, the Legal Services Acting Editor at the Australian Financial Review ran a story entitled ‘Log your calls while on the move’ that was based on softlog. mobile™. Matt Parry was quoted and the article went into significant detail on the product and was a very positive piece.

In addition good coverage was achieved in Lawyers Weekly again quoting Matt Parry exclusively, in an article entitled ‘Time sheet technology gets mobile’.

In fact, softlog.mobile™ has already received several enquiries following the articles and the advertising activities.

Dividend History

Div Amount Ex Div Rate Record Date Date paid % Franked Type 0.25c 25/09/2008 01/10/2008 17/10/2008 0% Final 0.25c 18/03/2009 24/03/2009 14/04/2009 0% Interim 0.25c 03/09/2009 09/09/2009 15/10/2009 0% Final

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Chart of daily prices over 6 months for STE by ASX

Shareholder Information

Please contact Computershare Investor Services Pty Ltd to change your address, email or to sign up for electronic shareholder communication.

Computershare Investor Services Pty Ltd Level 2, Reserve Bank Building 45 St Georges Terrace Perth Western Australia 6000

Tel: +61 8 9323 2000 Fax: +61 8 9323 2033 Website: computershare.com.au

Corporate Information

Directors

Mr Ian A Macliver Mr Michael J Fairclough Mr Geoffrey E Lambert Mr Graham A Baillie

Company Secretary

Ms Emma Jane McCormack

Registered Office

Level 1, 1254 Hay Street West Perth WA 6005

Tel: +61 8 9212 4000 Fax: +61 8 9212 4001

Principal place of business Level 4, 22 Atchison Street St Leonards NSW 2065

Tel: +61 2 9467 9200 Fax: +61 2 9467 9201

visit us at stratatel.com.au