JCURVE SOLUTIONS LTD — Capital/Financing Update 2008

May 11, 2008

Stratatel Limited ABN 63 088 257 729

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Companies Announcement Office Australian Securities Exchange Level 10 20 Bond Street SYDNEY NSW 2000

Ground Floor 1 Atchison Street St Leonards NSW 2065

[T] +61 2 9467 9200 [F] +61 2 9467 9201 [W] stratatel.com.au

12 May 2008

ASX ANNOUNCEMENT

Stratatel Completes Purchase of Phoneware Communication Systems Assets

Leading Asset and Expense Management provider, Stratatel Ltd, has completed the acquisition of the assets of Phoneware Communication Systems Pty Ltd (a company specialising in the provision of Telephone Expense Management (TEMS) and Call Accounting and Directory Services (CADS) software) for a consideration of up to $2.5m; comprising $1.8m cash and $300k of shares in the company at settlement, plus up to $400k cash in 12 months, of which $200k is subject to specific client retention. The purchase was recently approved by shareholders.

Under the terms of the Agreement Stratatel has paid $1.36m in cash after adjustments for income billed in advance and other timing adjustments.

Stratatel Ltd Managing Director Mike Fairclough said, “The Phoneware deal is in line with our strategic direction of pursuing acquisitions that have a similar business model to Stratatel, with solid recurrent revenue, is earnings accretive and has scope for domestic and international growth.”

Mr Fairclough added that the Phoneware business includes revenue derived from major Channel Partners which fits the Company’s objective in marketing and provision of asset and expense management solutions. He went on to say that, including Phoneware, the Stratatel group now has over 1,500 active clients generating significant recurrent revenues and providing a strong platform for future growth.

Phoneware’s range of CADS and TEMS (Telecommunications Expense Management Systems) software solutions have been successfully used in the market for over 15 years.

These solutions are traditionally embedded in an organisations telecoms management process, providing more accurate information to inform management about the organisations telecoms requirements and expenditure.

Stratatel will take full control of the business from Completion to ensure clients continue to receive a quality service.. In addition Stratatel will look to add additional features and functionality to the product range.

Phoneware is expected to be Earnings per Share accretive in its first full year under Stratatel ownership.

Further details about the Phoneware business will be presented in Stratatel’s upcoming shareholder newsletter.

Having posted a strong half year EBITDA to 31/12/07 of $391k Stratatel is set to substantially increase revenue and earnings growth in 2008 and beyond.

For further information please contact:

Mike Fairclough Managing Director Stratatel Limited Telephone: +61 2 9467 9200 Facsimile: +61 2 9467 9201