JCURVE SOLUTIONS LTD — Interim / Quarterly Report 2008

Dec 2, 2007

Stratatel Limited ABN 63 088 257 729

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Ground Floor 1 Atchison Street St Leonards NSW 2065

3[rd] December 2007

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

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

For Immediate Release

Dear Shareholder,

We wish to notify shareholders a procedural oversight resulted in a draft Shareholder Update being despatched to shareholders. This was due to the draft Shareholder Update inadvertently being posted to shareholders by the mail house. Notwithstanding this, the Company lodged the correct version with the ASX prior to the receipt of the draft by shareholders.

In order to keep the market fully informed and for the purpose of clarity the Company felt it prudent to lodge the draft version of the Shareholder update with the ASX and distribute the final version to shareholders via post.

Shareholders should be aware that the Company is of the view that the differences between the draft and final version are not significant.

The procedural oversight that has resulted in this action has since been rectified.

For further information please contact:

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

Stratatel Limited ABN 63 088 257 729

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Shareholder update

Issue 1 - 2007

Highlights

• Revenue for Q1 is up 114% over the same period last year.

• Earnings for Q1 are double that of the same period last year.

• Total revenues underpinned by approximately A$4m of recurrent revenue.

• Stratatel signs landmark agreement with Canon Australia.

above the quarter’s forecast sales target and 114% over the same period last year.

Stratatel’s expanding business operations in 2006/2007 establishes the platform for strong results in 2008. The acquisition of Vircom and Softlog Systems created additional revenue streams and allowed Stratatel to leverage and integrate new technologies into their expansive product offering.

Stratatel is now well on track to deliver its forecast consolidated profi t of an increase of 50% over the 2006/7 fi nancial period. Strong management, commitment to growth and focus on delivering shareholder returns should see these results continue throughout the year.

The fi rst quarter netted an unaudited profi t that is double that of the same period last year.

These acquisitions support Stratatel’s commitment to generate sustainable annuity revenues and profi tability with the Company achieving an outstanding fi rst quarter result. Consolidated unaudited revenue of A$1.4m was achieved, 5%

Consolidated Revenue by Fiscal Quarter

• Stratatel partnership with Fuji Xerox Asia Pacifi c.

• MobileFleet relaunched by Optus.

• Exciting new product developments in the pipeline.

Dear Shareholder

Following the completion of the fi rst quarter of the 2007/8 fi nancial year, the Board thought it timely to update shareholders on the activities and progress of your Company.

It is with pleasure that I can confi rm to you that both revenue and earnings for Q1 2007/8 are up 114% and 102% respectively over the corresponding period last year (Q1 2006/7).

These results refl ect the Company’s strategy to further invest in sales and marketing activities for both the Stratatel FleetManager and Stratatel Softlog divisions to enhance organic growth.

The Stratatel FleetManager division continues to underpin the company’s organic growth with the bulk of the systems revenue being long term and recurrent. The company has established a “lead generation” division that supports direct sales activities. This strategy is providing an increased number of sales opportunities for FleetManager of which, a number will convert to sales and additional recurrent revenue.

The Company’s association with Optus to provide Optus MobileFleet, continues to prosper with new sales and recurrent revenue being secured.

The outlook for sales through Optus continues to be positive with the re-launch of Optus MobileFleet internally to drive sales forward.

You will be aware of the recent announcement regarding the landmark agreement between Stratatel’s subsidiary Softlog Systems P/L and Canon Australia. This sales agreement enables Stratatel Softlog, through the Canon sales force, to sell the softlog.onboard cost recovery software to existing and prospective Canon clients. The Company is confi dent that over time, the Canon association will generate substantial revenue and earnings.

Similarly, the recent announcement regarding Stratatel’s agreement with Fuji Xerox has positive implications for the Company’s future revenue and earnings across the Asia Pacifi c region.

Dividends

The Company intends to continue to reward shareholders with regular dividends.

The Company has recognised a Dividend Reinvestment Plan (DRP) is required to satisfy those shareholders who wish to acquire additional shares in the Company rather than receive the dividend payment.

To this end the Company is in the process of formulating a DRP that will be put to shareholders for consideration in coming months.

Current Share Price

A more focussed approach to communicating the Company’s strategy to potential investors and shareholders is planned for the new calendar year coinciding with the release of revenue and earnings guidance.

Mike Fairclough Managing Director & CEO

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Quarterly Sales Results

Stratatel made a strong start to the new fi nancial year with unaudited consolidated sales for the fi rst quarter totalling A$1.4m, an excellent result for the Company exceeding sales for the same period last year by 114%.

The Stratatel FleetManager division responsible for asset and expense management solutions, had an exceptional fi rst quarter contributing A$850k to the Company’s overall sales revenue. This was lead by stable recurrent revenue, new sales and client customisation services.

The Stratatel Softlog division responsible for cost recovery solutions also had a strong fi rst quarter contributing A$585k in sales revenue. This income was lead by new sales and ongoing service / maintenance agreements.

Stratatel FleetManager

Stratatel FleetManager continued on from last year’s trend delivering a strong fi rst quarter. Sales were achieved through both the direct sales team and our wholesale channel leading to a number of key clients signing up for the FleetManager® product.

Strong sales are also expected from our existing clients currently looking to expand the use of Stratatel’s products.

Two key clients are currently reviewing FleetManager® with the view of expanding the system across not only their Australian Operations, but also into their Asia-Pacifi c Operations.

FleetManager will continue to push forward with new sales and also focus on creating a strong sales channel from its strong client base.

Stratatel Softlog

Stratatel Softlog have launched their innovative new product - softlog.onboard.

The softlog.onboard application enables professional organisations utilising selected multifunction devices (MFDs) to control and recover costs associated with copying, printing, faxing and scanning - eliminating the need for traditional cost recovery workstations. Users simply interact directly with the MFD touch screen to allocate work to specifi c departments, clients or projects.

softlog.onboard is already available for Canon MFDs and is expected to be released for Ricoh and Xerox MFDs during November. The technology can be adapted to suite any MFD supplier.

Stratatel sign landmark agreement.

Stratatel has signed a landmark agreement with Canon Australia to deliver softlog.onboard embedded on Canon MFDs. The reseller agreement opens up a wide distribution channel across Australia for the softlog.onboard product.

An offi cial product launch has been scheduled for the new year.

Stratatel Managing Director, Mike Fairclough said, “This is great news for our customers. It means they can now effi ciently manage and account for all work performed from their Canon device without the need to invest in additional hardware.” He went on to say that, “over time, this agreement should generate signifi cant revenue streams for Stratatel.”

Consolidated Revenue Contribution by Product & Fiscal Quarter

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Stratatel partners with Fuji Xerox

An agreement has been signed with Fuji Xerox Asia Pacifi c that will allow Stratatel Softlog to market a solution that can interact directly with the Xerox MFD equipment. The agreement is the fi rst step for the Company to establish a strong sales relationship with Fuji Xerox across Australia and the Asia Pacifi c.

Stratatel Softlog is working closely with Fuji Xerox to fi nalise the application which is compatible with most Fuji Xerox MFDs.

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International

Stratatel is generating modest revenue from the UK through its FleetManager channel partner.

To date the Company has refrained from further investment in the UK whilst assessing, our partner’s performance, Stratatel’s ability to support UK clients and also general market dynamics. At this time, the Company is of the view that maintaining the status quo is the most appropriate course of action to take in this market whilst recent acquisitions in Australia continue to be integrated into the group.

The Stratatel Softlog division generates modest revenue from South East Asia. The Company does, however, see signifi cant sales and revenue potentional in this region through further investment in sales and marketing in conjunction with our Singapore based partner ServTouch, particularly in the light of the Canon and Fuji Xerox developments.

Technology & Operational Excellence

Stratatel remains focused on delivering outstanding product performance while satisfying customer needs and exceeding expectations. Its operations are managed effi ciently and to a level that ensures our clients continue to receive optimal service.

Historically, this philosophy was seen through the redesign and development of the single service asset and expense management product MobileFleet® into the FleetManager® asset and expense management product which is capable of supporting multiple service types including; mobile telephones, fi xed line telephones, fuel cards and taxi expenses through a ‘One System, One Password, For Life’™ approach.

Today 26% of the FleetManager retail clients use Stratatel’s systems for multiple service types and as development progresses, supported by market research, more service types will be added to the product.

The addition of Softlog.Enterprise to the Stratatel product range adds a cost recovery suite of applications that has the capability to deliver enterprise level cost recovery to the legal and accounting professions.

More recently, Stratatel Softlog has been developing a print/copy/scan solution that operates onboard a manufacturer’s (such as Canon and Fuji Xerox) multifunction device. This has the added advantage of being adapted to the corporate market where a requirement has been identifi ed.

Through automation and continuous improvement Stratatel will continue to leverage from the recurrent revenue business model and continue to deliver quality world-class technology to its client base.

Marketing

With the integration of recent company acquisitions, Stratatel has embarked on a major branding and marketing review.

This has resulted in a signifi cant company wide re-branding project, the results of which will become visible to shareholders in the near future.

This re-branding will be refl ected in a new website (long overdue) and the corporatisation of all marketing communications to prospects, clients and shareholders. Importantly it takes into account the requirements of future acquisitions.

Events

11 & 12 October 2007 - “Business can be simple” trade show.

Stratatel Softlog support and deliver a presence at the combined Canon and ServTouch hosted trade show in Singapore.

23 & 24 October 2007 - Fuji Xerox conference

Stratatel Softlog present softlog.onboard at the Fuji Xerox conference hosted in Singapore.

26 & 27 October 2007 - ALPMA

Stratatel Softlog participate as a Trade Exhibitor at this year’s Australian Legal Practice Management Association Conference in Melbourne.

8 November 2007 - AGM

11.30am - Annual General Meeting Amora Jamison Hotel - Sydney 11 Jamison Street, Sydney

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Shareholder update

Summary

Earnings outlook for the company remains positive and supported by:

• continuing growth in recurrent revenues;

• consolidated revenues that are underpinned by approx. $4m of recurrent revenue;

Security Details

Symbol:	STE	Final Dividend Amount:	$0.002500
Issuer name:	Stratatel Ltd	Ex Dividend Date:	25/9/2007
Last price:	$0.135	Dividend Payment Date:	15/10/2007
(as at 29/10/07)
		Franked Percent:	0.00%
Dividend Rate Per share: $0.0025
		Gross Dividend Amount:	$0.0025
Dividend Yield:	2.273%

• further investment in sales and marketing with returns expected in second half of 2008 fi scal year and beyond;

• broadening the base of recurrent revenue through an extended product mix;

• the opportunity to capitalise on growth in SE Asia for Softlog.onboard; and

• exciting new product developments that are in the pipeline.

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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

Corporate Information

Directors

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

Company Secretary

Mr Paul K Brown

Registered Offi ce Level 1, 1254 Hay Street West Perth WA 6005

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

Principal place of business Ground Floor, 1 Atchison Street St Leonards NSW 2065

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

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

visit us at stratatel.com.au