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JCURVE SOLUTIONS LTD Capital/Financing Update 2021

Aug 11, 2021

65158_rns_2021-08-11_810bfad5-2429-470a-b2ab-77946c8a139f.pdf

Capital/Financing Update

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12 August 2021

COVID-19 and Business Update

JCurve Solutions Limited (ASX: JCS), the cloud solutions technology company, today provides an update on COVID-19’s impact on its business activities and trading results for July 2021.

The delta variant of the COVID-19 virus is significantly impacting the countries in which we operate and means that we continue to operate under the Business Continuity Plans enacted at the start of the COVID-19 pandemic in all locations. All employees in Australia and Thailand are working from home while employees in Singapore and the Philippines are strongly encouraged to work from home where possible. We continue to monitor the situation closely and our teams are following the local government advice in all locations.

Despite the continuing social and economic dislocation of COVID-19, businesses continue to seek out our services in their necessary digital transformation. Pleasingly, JCS continues to achieve strong levels of sales growth with $1.3m of sales for the month of July 2021. This was a 136 per cent increase on the $0.6m of sales achieved in July 2020 and was the fifth straight month that overall company sales have exceeded $1m.

We are in the final stages of integrating the Rapid E-Suite Thailand operations into our business. As announced on 9 July 2021, JCS successfully completed the acquisition of Rapid E-Suite Pte Ltd’s Thailand operations, an acquisition that further extends both our reach and capabilities in a fast growing market.

We will keep our shareholders informed as we monitor the impact of the COVID-19 pandemic on our business.

This announcement has been authorised for release by the Board of JCurve Solutions Limited.

About JCurve Solutions