JCURVE SOLUTIONS LTD — Interim / Quarterly Report 2007

Jul 30, 2007

Stratatel Limited Ground Floor 1–3 Atchison Street St Leonards NSW 2065

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Tel: +61 2 9467 9200 Fax: +61 2 9467 9201 Web: www.stratatel.com.au ABN: 63 088 257 729

Companies Announcement Office ASX Limited Level 10 20 Bond Street SYDNEY NSW 2000

30[th] July 2007

via electronic lodgement

Dear Sir,

In accordance with the Listing Rules please find attached the company’s Appendix 4C for the quarter ended 30 June 2007.

Operating Activities

With the acquisition of the assets of Softlog Systems Pty Ltd the company now has two divisions, namely FleetManager and Softlog.

The FleetManager division continued to secure new contracts throughout the quarter resulting in close to 140,000 units under management at 30 June 2007, up from 123,000 units reported for the period ended 31 March 2007.

Overall the FleetManager division continues to perform well. There has been significant revenue growth for the period ended 30 June 2007 rising to $719k from $543k for the same period in 2006, an increase of 32%.

Vircom Pty Ltd, the software development company acquired by Stratatel in December 2006 and merged into the FleetManager division continues to make a positive contribution to earnings and cash flow.

In May 2007 the company acquired the business assets from Softlog Systems Pty Ltd, including contracts and intellectual property, through a wholly owned subsidiary, Infratel.com Pty Ltd. Following the acquisition Infratel has been renamed Softlog Systems Pty Ltd.

Softlog are an Australian market leader in cost recovery solutions for the legal and accounting professions with their Softlog.Enterprise suite of solutions, including copier, email, fax and telephony recovery. The legal and accounting practices using the Softlog systems have seen an increase in disbursement recovery from around 10% up to 70%.

This acquisition broadens the Stratatel asset and expense management range of solutions. These can now be offered to a more diverse base of prospective clients.

Sales of Softlog products have been strong since acquisition.

In summary, the outlook for both FleetManager and Softlog revenue remains strong.

Impact on Cash Flow

For the quarter ended 30 June 2007 the company’s operations continued to be operating cash flow positive, with an operating cash inflow of $185k.

Investment activity accounted for net investing cash outflows of $500k for the three months to 30 June 2007.

This investment was primarily for the ongoing development of the FleetManager[®] system and also some of the agreed and contracted instalments for the purchase of Vircom and the assets of Softlog Systems Pty Ltd.

Both Vircom and Softlog make a positive contribution to earnings and cash flow.

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Cash Flow Summary

The result of the activity is that the company has:

• generated a net operating cash inflow of $185k

• receipts from debtors are up to $1,044k this period compared with $556k collected in the same quarter last year an increase of 88%.

• staff costs increased to $729k this reporting quarter up from $541k the previous quarter due to the acquisition of Softlog

Options

As part of the employment contract negotiations in December 2006 the Board agreed to issue to the Managing Director, Mr. Michael Fairclough, 1,000,000 unlisted employee options at $0.10, subject to the approval of shareholders which will be sought during the upcoming Annual General Meeting to be held in November this year. An Appendix 3B which includes the issue of these options is attached to this announcement.

For further information please contact:

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

About Stratatel

Stratatel Limited is a public company listed on the Australian Stock Exchange (ASX: STE). The business of Stratatel was formed in 1997 to provide specialist independent telecommunications advice, brokerage and facilities management services to the corporate and government sectors.

Stratatel has developed unique and proprietary management systems that are designed to effectively and efficiently manage the cost and administration of assets and related expenditure.

Appendix 4C Quarterly report for entities admitted on the basis of commitments

Rule 4.7B

Appendix 4C

Quarterly report for entities admitted on the basis of commitments

Introduced 31/3/2000. Amended 30/9/2001

Name of entity
Stratatel Limited
ABN 63 088 257 729	Quarter ended (“current quarter”)
63 088 257 729	30 June 2007

Consolidated statement of cash flows

	Consolidated statement of cash flows
	Cash flows related to operating activities 1.1 Receipts from customers 1.2 Payments for (a) staff costs (b) advertising and marketing (c) research and development (d) leased assets (e) other working capital 1.3 Dividends received 1.4 Interest and other items of a similar nature received 1.5 Interest and other costs of finance paid 1.6 Income taxes paid 1.7 Other – Payments to suppliers Income tax benefit Net operating cash flows	Current quarter $A’000	Year to date (12 Months) $A’000
		1,044 (729) 11 (1) (140) -	3,317 (2,083) 72 (4) (909) 153
		185	546

• See chapter 19 for defined terms.

Appendix 4C Page 1

30/9/2001

Appendix 4C Quarterly report for entities admitted on the basis of commitments

	Current quarter $A’000	Year to date (12 Months) $A’000
1.8 Net operating cash flows (carried forward)	185	546
Cash flows related to investing activities 1.9 Payment for acquisition of: (a) businesses (item 5) (b) equity investments (c) intellectual property (d) physical non-current assets (e) other investments – rental bond 1.10 Proceeds from disposal of: (a) businesses (item 5) (b) equity investments (c) intellectual property (d) physical non-current assets (e) other non-current assets 1.11 Loans to other entities 1.12 Loans repaid by other entities 1.13 Other (provide details if material) Net investing cash flows 1.14 Total operating and investing cash flows	(199) (162) (22) (117)	(338) (207) (22) (332)
	(500)	(899)
	(315)	(353)
Cash flows related to financing activities 1.15 Proceeds from issues of shares, options, etc. 1.16 Proceeds from sale of forfeited shares 1.17 Proceeds from borrowings 1.18 Repayment of borrowings 1.19 Dividends paid 1.20 Other (Share Issue and Listing expenses) Net financing cash flows
	-	-
Net increase (decrease) in cash held 1.21 Cash at beginning of quarter/year to date 1.22 Exchange rate adjustments to item 1.20 1.23 Cash at end of quarter	(315) 1,511	(353) 1,549
	1,196	1,196

• See chapter 19 for defined terms.

Appendix 4C Page 2

Appendix 4C Quarterly report for entities admitted on the basis of commitments

Payments to directors of the entity and associates of the directors

Payments to related entities of the entity and associates of the related entities

1.24 Aggregate amount of payments to the parties included in item 1.2 1.25 Aggregate amount of loans to the parties included in item 1.11	Current quarter $A'000
	121
1.26 Explanation necessary for an understanding of the transactions

Non-executive directors’ fees and executive director’s remuneration.

Non-cash financing and investing activities

• 2.1 Details of financing and investing transactions which have had a material effect on consolidated assets and liabilities but did not involve cash flows

N/A

• 2.2 Details of outlays made by other entities to establish or increase their share in businesses in which the reporting entity has an interest

N/A

Financing facilities available

Add notes as necessary for an understanding of the position. (See AASB 1026 paragraph 12.2).

3.1 Loan facilities 3.2 Credit standby arrangements	Amount available $A’000	Amount used $A’000

• See chapter 19 for defined terms.

Appendix 4C Page 3

30/9/2001

Appendix 4C Quarterly report for entities admitted on the basis of commitments

Reconciliation of cash

Reconciliation of cash
Reconciliation of cash at the end of the quarter (as shown in the consolidated statement of cash flows) to the related items in the accounts is as follows.	Current quarter $A’000	Previous quarter $A’000
4.1 Cash on hand and at bank 4.2 Deposits at call 4.3 Bank overdraft 4.4 Other (provide details)	18	195
	1,178	1,316
Total: cash at end of quarter(item 1.22)	1,196	1,511

Acquisitions and disposals of business entities

5.1 Name of entity 5.2 Place of incorporation or registration 5.3 Consideration for acquisition or disposal 5.4 Total net assets 5.5 Nature of business	Acquisitions (Item 1.9(a))	Disposals (Item 1.10(a))
	Softlog Systems Pty Ltd
	Queensland
	$800,000: payable in 4 equal instalments over 18 months. In addition, and contingent on the achievement of certain milestones, up to $1.2m (in equal proportion of cash and shares)over 3years
	Cost recovery software application design and development

Compliance statement

• 1 This statement has been prepared under accounting policies, which comply with accounting standards as defined in the Corporations Act (except to the extent that information is not required because of note 2) or other standards acceptable to ASX.

• 2

• This statement does give a true and fair view of the matters disclosed.

Sign here: ......................................................... Date: 30/07/2007 (Company Secretary)

Print name: Paul K Brown

• See chapter 19 for defined terms.

Appendix 4C Page 4

Appendix 4C Quarterly report for entities admitted on the basis of commitments

Notes

1. The quarterly report provides a basis for informing the market how the entity’s activities have been financed for the past quarter and the effect on its cash position. An entity wanting to disclose additional information is encouraged to do so, in a note or notes attached to this report.

2. The definitions in, and provisions of, AASB 107: Cash Flow Statements apply to this report except for the paragraphs of the Standard set out below.

3. 6.2 - reconciliation of cash flows arising from operating activities to operating profit or loss

4. 9.2 - itemised disclosure relating to acquisitions

5. • 9.4 - itemised disclosure relating to disposals

6. 12.1(a) - policy for classification of cash items

7. • 12.3 - disclosure of restrictions on use of cash • 13.1 - comparative information

8. Accounting Standards. ASX will accept, for example, the use of International Accounting Standards for foreign entities. If the standards used do not address a topic, the Australian standard on that topic (if any) must be complied with.

9. See chapter 19 for defined terms.

Appendix 4C Page 5

30/9/2001

Appendix 3B New issue announcement

Rule 2.7, 3.10.3, 3.10.4, 3.10.5

Appendix 3B

New issue announcement, application for quotation of additional securities and agreement

Information or documents not available now must be given to ASX as soon as available. Information and documents given to ASX become ASX’s property and may be made public.

Introduced 1/7/96. Origin: Appendix 5. Amended 1/7/98, 1/9/99, 1/7/2000, 30/9/2001, 11/3/2002, 1/1/2003.

Name of entity

STRATATEL LIMITED ABN 63 088 257 729

We (the entity) give ASX the following information.

Part 1 - All issues

You must complete the relevant sections (attach sheets if there is not enough space).

1 +Class of+securities issued or to be issued 2 Number of+securities issued or to be issued (if known) or maximum number which may be issued 3 Principal terms of the+securities (eg, if options, exercise price and expiry date; if partly paid +securities, the amount outstanding and due dates for payment; if +convertible securities, the conversion price and dates for conversion)	Unlisted Options
	2,000,000
	1,000,000 Options (Unlisted) Exercise Price = $0.10 Expiry Date = 15 January 2011 1,000,000 Options (Unlisted) Exercise Price = $0.12 Expiry Date = 25 May 2011

• See chapter 19 for defined terms.

Appendix 3B Page 1

1/1/2003

Appendix 3B New issue announcement

4 Do the[+] securities rank equally in all On exercise of the options the shares issued will respects from the date of allotment rank equally with the existing fully paid with an existing[+] class of quoted ordinary shares +securities? If the additional securities do not rank equally, please state: • the date from which they do • the extent to which they participate for the next dividend, (in the case of a trust, distribution) or interest payment • the extent to which they do not rank equally, other than in relation to the next dividend, distribution or interest payment 5 Issue price or consideration Nil 6 Purpose of the issue 1,000,000 Unlisted Director Options – issued to (If issued as consideration for the the Managing Director as part of his contract of acquisition of assets, clearly identify services renewal in January 2007 and subject to those assets) approval at the upcoming Annual General Meeting. 1,000,000 options – to provide long term employee incentive pursuant to the Company’s Executive and Employee Option Plan as part of the acquisition of the business assets of Softlog Systems Pty Ltd. 7 Dates of entering[+] securities into On or around 31[st] July 2007 uncertificated holdings or despatch of certificates Number +Class 8 Number and +class of all 80,340,717 Fully paid ordinary +securities quoted on ASX shares ( including the securities in clause 2 if applicable)

• See chapter 19 for defined terms.

Appendix 3B Page 2

1/1/2003

Appendix 3B New issue announcement

9 Number and +class of all +securities not quoted on ASX (_including_the securities in clause 2 if applicable) 10 Dividend policy (in the case of a trust, distribution policy) on the increased capital (interests)	Number	+Class
	250,000 1,200,000 1,000,000 1,000,000	Options exercisable at 20 cents on or before 21 July 2008 (issued to employees) Options exercisable at 10 cents on or before 30 November 2011 (issued to employees) Options exercisable at 10 cents on or before 15 January 2011 (issued to a director) Options exercisable at 12 cents on or before 25 May 2011 (issued to employees)
	Issued shares will rank equally with all other Shares with respect to dividend policy

Part 2 - Bonus issue or pro rata issue

• 11 Is security holder approval N/A required?

• 12 Is the issue renounceable or nonN/A renounceable?

• 13 Ratio in which the[+] securities will N/A be offered

• 14 +Class of +securities to which the N/A offer relates

• 15 +Record date to determine N/A entitlements

• 16 Will holdings on different registers N/A (or subregisters) be aggregated for calculating entitlements?

• 17 Policy for deciding entitlements in N/A relation to fractions

• See chapter 19 for defined terms.

Appendix 3B Page 3

1/1/2003

Appendix 3B New issue announcement

18 Names of countries in which the entity has+security holders who will not be sent new issue documents Note: Security holders must be told how their entitlements are to be dealt with. Cross reference: rule 7.7. 19 Closing date for receipt of acceptances or renunciations 20 Names of any underwriters 21 Amount of any underwriting fee or commission 22 Names of any brokers to the issue 23 Fee or commission payable to the broker to the issue 24 Amount of any handling fee payable to brokers who lodge acceptances or renunciations on behalf of+security holders 25 If the issue is contingent on +security holders’ approval, the date of the meeting 26 Date entitlement and acceptance form and prospectus or Product Disclosure Statement will be sent to persons entitled 27 If the entity has issued options, and the terms entitle option holders to participate on exercise, the date on which notices will be sent to option holders 28 Date rights trading will begin (if applicable) 29 Date rights trading will end (if applicable) 30 How do+security holders sell their entitlements_in full_through a broker?	N/A
	N/A
	N/A
	N/A
	N/A
	N/A
	N/A
	N/A
	N/A
	N/A
	N/A
	N/A
	N/A

• See chapter 19 for defined terms.

Appendix 3B Page 4

1/1/2003

Appendix 3B New issue announcement

• 31 How do[+] security holders sell part of their entitlements through a broker and accept for the balance?

N/A

• 32 How do[+] security holders dispose of their entitlements (except by sale through a broker)?

N/A

33 +Despatch date

N/A

Part 3 - Quotation of securities

You need only complete this section if you are applying for quotation of securities

• 34 Type of securities ( tick one )

• (a)[Securities described in Part 1 ]

• (b)[All other securities ]

Example: restricted securities at the end of the escrowed period, partly paid securities that become fully paid, employee incentive share securities when restriction ends, securities issued on expiry or conversion of convertible securities

Entities that have ticked box 34(a)

Additional securities forming a new class of securities

Tick to indicate you are providing the information or documents

35[If the ][+][securities are ][+][equity securities, the names of the 20 largest holders of the ] additional[+] securities, and the number and percentage of additional[+] securities held by those holders

36[If the ] +securities setting out the number of holders in the categories[+][securities are ][+][equity securities, a distribution schedule of the additional ] 1 - 1,000 1,001 - 5,000 5,001 - 10,000 10,001 - 100,000 100,001 and over

37[A copy of any trust deed for the additional ][+][securities ]

• See chapter 19 for defined terms.

Appendix 3B Page 5

1/1/2003

Appendix 3B New issue announcement

Entities that have ticked box 34(b)

• 38 Number of securities for which +quotation is sought

• 39 Class of +securities for which quotation is sought

• 40 Do the[+] securities rank equally in all respects from the date of allotment with an existing[+] class of quoted +securities? If the additional securities do not rank equally, please state: • the date from which they do • the extent to which they participate for the next dividend, (in the case of a trust, distribution) or interest payment

• • the extent to which they do not rank equally, other than in relation to the next dividend, distribution or interest payment

• 41 Reason for request for quotation now

Example: In the case of restricted securities, end of restriction period

(if issued upon conversion of another security, clearly identify that other security)

• 42 Number and[+] class of all[+] securities quoted on ASX ( including the securities in clause 38)

Number +Class

• See chapter 19 for defined terms.

Appendix 3B Page 6

1/1/2003

Appendix 3B New issue announcement

Quotation agreement

• 1 +Quotation of our additional +securities is in ASX’s absolute discretion. ASX may quote the[+] securities on any conditions it decides.

• 2 We warrant the following to ASX.

• The issue of the[+] securities to be quoted complies with the law and is not for an illegal purpose.

• There is no reason why those[+] securities should not be granted[+] quotation.

• An offer of the[+] securities for sale within 12 months after their issue will not require disclosure under section 707(3) or section 1012C(6) of the Corporations Act.

Note: An entity may need to obtain appropriate warranties from subscribers for the securities in order to be able to give this warranty

• Section 724 or section 1016E of the Corporations Act does not apply to any applications received by us in relation to any[+] securities to be quoted and that no-one has any right to return any[+] securities to be quoted under sections 737, 738 or 1016F of the Corporations Act at the time that we request that the[+] securities be quoted.

• We warrant that if confirmation is required under section 1017F of the Corporations Act in relation to the[+] securities to be quoted, it has been provided at the time that we request that the[+] securities be quoted.

• If we are a trust, we warrant that no person has the right to return the +securities to be quoted under section 1019B of the Corporations Act at the time that we request that the[+] securities be quoted.

• 3 We will indemnify ASX to the fullest extent permitted by law in respect of any claim, action or expense arising from or connected with any breach of the warranties in this agreement.

• 4 We give ASX the information and documents required by this form. If any information or document not available now, will give it to ASX before[+] quotation of the[+] securities begins. We acknowledge that ASX is relying on the information and documents. We warrant that they are (will be) true and complete.

Sign here: ............................................................ Date: 30[th] July 2007 (Company secretary)

Print name: Paul Brown

== == == == ==

• See chapter 19 for defined terms.

Appendix 3B Page 7

1/1/2003