JCURVE SOLUTIONS LTD — Interim / Quarterly Report 2009

Mar 16, 2009

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Investor Update

Mike Fairclough

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17 March 2009

Highlights To Date

• Revenue growth of 51% over previous corresponding period

• EBITDA growth of 116% over previous corresponding period

• Interim dividend declared of 0.25c per share

• Release of new CADS[®] Operator Console[TM]

• Internal release of softlog.mobile[TM]

• Contract win with Tier 1 legal firm

• Canon alliance delivers sales

• Phoneware integration complete; quick wins secured

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Financial Highlights

Half year to 31 December	2008 $'s	Change
Revenue 4,221,293 +51% EBITDA 850,605 +116% EBIT 720,377 +132% Net Profit Before Tax 751,243 +116% Earnings Per Share (Before Tax) 0.66 cents +53%

• FleetManager[®]

• Underlying recurrent revenue

• Sales pipeline

• Softlog[®]

• CADS[®] (Call Accounting & Directory Service)

  • Installed customer base

  • Underlying maintenance income

  • Upgrade/ upsell potential

• Steady sales

• Major new products

• Underlying maintenance income

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Sales Outlook by Product Type

FleetManager[®]

• Reasonably solid pipeline (Government and Tier 1 corporates)

• Good size opportunities

• Minimal delay in decisions (currently)

CADS[®]

• Reasonably solid pipeline (Government and Tier 1 & 2 corporates)

• Good size opportunities

• Some delay in decisions (channel & economic)

Softlog.Enterprise™

• Reasonably solid pipeline (professional services, Tier 1, 2 & 3)

• Delays in decisions (economic)

• Not sure if sales will come with a rush or lengthy deferral

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The Outlook

The Challenges (in deteriorating economic conditions)

• Client retention

• Good sales pipeline but recently seeing “delays” in decision making (corporates/ professional services)

• Could be higher number of “No” decisions (projects on hold) or sales could come with a rush

• Too early to tell which way decisions will go

• Maintaining staff morale

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The Opportunities

• Aggressive marketing focussed on cost reduction / saving money

• Products/ Services focussed on improved cost management (FleetManager)

• Expect companies to keep focussed on expenditure / cost cutting

• Recurrent revenue from government / major corporations / legal firms underpin our business

• Key channel partners; Canon, NEC, Telstra, Optus

• Still providing sales opportunities

• “Refresh the benefit” to existing clients for upsell

• Acquisitions

• Good deal flow

• Realistic pricing

• Opportunity to build for the future

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In Summary

• Cautiously optimistic; meeting 2008–9 objectives

• Not certain; too early to tell

• Will not be easy; continued economic malaise is making securing new business more challenging

• Fertile acquisitions environment

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Corporate Strategy

• Current (subject to economic conditions) cash position should be adequate

• Use:

• Working capital requirements

• Meet acquisition commitments

• Future acquisitions

• Future dividends

• Share buy back (future) option

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Strategic Direction

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Organic Good Fit Change the
Growth Acquisitions Game
 new business growth  recurrent revenue  multiple growing annuity revenue

 client retention and upsell earnings accretive  diversified income base

 continuous growth in recurrent benefit from STE ownership  captured client base for
revenue and earnings  increased growth through further product
 New products / services upsell and cross sell to larger opportunities
client base (~1500)  larger sales footprint
 cost reduction through scale  greater earnings
 improve margins of business
model  greater financial capacity
to pursue international
 increase critical mass
growth
 higher share price
 regular dividends
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Objective: to accumulate “paying customers” through organic growth and acquisition and to develop new and innovative products to sell to them

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