JCURVE SOLUTIONS LTD — Interim / Quarterly Report 2010

Mar 11, 2010

March 2010

Company Update

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Stratatel achieves revenue growth of 43%, launches softlog.follow&go and conducts legal sector survey

Highlights

• Revenue growth of 43% to $6.09 million for half year ended 31 December 2009 (compared to previous half year ended 31 December 2008)

• Invests for growth in order to achieve greater scale

• Strong cash position of $1.43 million as at 31 December 2009

• Builds FleetManager[®] momentum

• Launches newest product from the Softlog suite: softlog.follow&go

• Completes first Stratatel Leadership Development Program

• Conducts survey on billable time resulting in excellent media coverage for softlog.mobile™

Stratatel Limited ACN 088 257 729

Dear Shareholder

I am pleased to report our outlook is robust as we invest to increase the scale of the business and seek a market re-rating of our share price.

As you know, the Company increased revenue by 43% on the prior half year. Significant investment to grow the business has been made and we expect sales and revenue return to occur from Q4 2010. This strategy has had a short term impact on half year earnings and I understand you may be disappointed by the reduction in dividend to be paid, however I am confident that as we grow, we will achieve larger earnings with greater rewards for Shareholders.

Stratatel remains committed to delivering continued returns through dividend payments and capital growth. The Company recently declared an interim dividend of 0.13 cent per share. The decrease in the dividend per share is reflective of the decreased profit available for distribution, the increase in shares on issue following the entitlement issue and the increased amortisation charge recognised during the half year ended 31 December 2009.

The Stratatel Resource business is proving a great acquisition with revenues achieved for the half year under Stratatel ownership equal to that of the previous full year under the previous owner and there is a growing pipeline of large IBM software licence and service opportunities. Stratatel Resource ‘opens for business’ in our existing Melbourne Office on 1 March 2010 with Sydney and Brisbane office openings planned for later in the year.

There is also a high level of activity within EMD (Expense Management Division) led by CEO Matt Parry and his management team to raise awareness of softlog.mobile™, a new and innovative time billing software application running on mobile devices. It is my view that it will take up to 24 months for this technology to be accepted amongst legal firms, but ultimately I believe it will be a significant revenue generator.

For your interest, there is an article by Dunn and Bradstreet listing the successful IT companies by growth in Australia during the Global Financial Crisis, with Stratatel listed at number 17. Click here to read the full article*. In conclusion, I would like to thank you for your support of the Company and close by saying your Company is in the best shape it has ever been as we continue to strive to provide all Shareholders with a great return.

Best regards Mike Fairclough

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• http://dnb.com.au/Header/News/IT_companies_thrive/indexdl_5855.aspx

March 2010

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FleetManager[®] builds momentum

Due to a strong and increased channel focus through Marketing and Sales as well as pro-active engagement with existing clients and prospects FleetManager[®] has gained momentum securing five new FleetManager[®] Sales in December 2009. Of particular note is the recent sale to Deakin University of the combined Call Accounting and carrier billing analysis and reporting system CADS FleetManager. This provided Deakin University a centralised solution for all mobile and fixed line data utilising Stratatel’s secure hosted environment. We are pleased to announce that Deakin University is the 15th Australian University that we can add to our client list.

Newly released softlog.follow&go to help reduce printing costs

The Company recently launched the newest product in the Softlog suite: softlog.follow&go. This software allows users to gain control over their printing costs through the latest advancements in swipe card and PIN technology.

softlog.follow&go is a complete document control solution which can reduce printing costs, increase security around confidential documents, reduce waste and increase the convenience of printing for users. This software enables businesses of all sizes to identify and automate document and expense management strategies. It is an additional module for Softlog’s Enterprise or CostManager core print solutions.

This new product provides an excellent step forward for Stratatel as this is the first time the Company is actively targeting corporate customers with a Softlog product. With initial positive feedback and a number of enquiries already received, we are looking forward to launching this to our wider customer base over the next few months and achieving sales within this target market.

First Stratatel Leadership Development Program successfully completed

Aligned with Stratatel’s philosophy of ‘putting our people first’ Stratatel has successfully completed its first Leadership Development program (LDP).

The LDP is a program designed to train the next level of managers in Stratatel by developing their interpersonal and technical skills. The program utilises a combination of external and internal expertise to help provide six selected Stratatel employees with the required skills for leadership within the Company. Its objective is to provide partipicants with the knowledge and skills necessary to become future leaders of the organisation.

The three-day offsite program was delivered by personnel from Randstad and members of the Stratatel Leadership Team. The course objectives include increasing awareness of the participants’ leadership skills, developing Designed to train the next strategies to increase leadership effectiveness and providing practical experience in the strategy and delivery of products. level of managers in Other aspects of the program include developing relationships, Stratatel strategic networks and core technical competencies.

Leadership Team. The course objectives include increasing awareness of the participants’ leadership skills, developing strategies to increase leadership effectiveness and providing practical experience in the strategy and delivery of products. Other aspects of the program include developing relationships, strategic networks and core technical competencies.

The program ended with a presentation to the Leadership Team and Managing Director, where the participants presented their innovative ideas that they had been working on for two months. Each of the topics presented could be instrumental to the future growth of Stratatel.

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March 2010

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Legal sector survey drives positive media coverage for softlog.mobile[™]

With legal firms around the country searching for ways to reduce operating costs, we took the opportunity to in the media. explore the profession’s response to the global financial crisis as a tool to promote softlog.mobile[™]

We surveyed 430 firms across New South Wales, Western Australia, Queensland and Victoria, with interesting results. 86 per cent of respondents said that their customers had either questioned an invoice or requested more detailed time sheets for work since the financial crisis took hold. The survey also found that 80 per cent of respondents reported their clients had reduced their spend on external legal advice as a result of the economic downturn, yet only 34 per cent adapted their billing processes accordingly.

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Perhaps surprisingly, 80 per cent don’t believe they accurately capture billable time when they are attending to client matters away from the office, or on their mobile phone, even though 86 per cent do have an automated cost recovery system in place.

Against this background the results from the survey were developed into a press release, which was distributed to the legal media in late January. Excellent media coverage was achieved with the survey results published and Matt Parry, CEO Stratatel Ltd, quoted in The New Lawyer, The Sydney Morning Herald, BRW, Canberra Times, Brisbane Times, The Age and WA Today. Download the full press release here or visit www.stratatel.com.au.

Our communications activities continued with Softlog advertisements running in the Queensland, Victoria and New South Wales Law Society Journals. Advertising around Softlog has recently commenced in a number of online legal publications and new case studies have been distributed to existing clients and prospects. The Stratatel website was also relaunched and optimised with several enquiries following on from this.

Over the coming months more lead generation and retention activities will be rolled out including a quarterly newsletter to our client base and electronic direct mail campaigns to prospects.

softlog.mobile™ ad in the NSW Law Society Journal. March 2010.

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March 2010

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Security Details

Symbol: STE Last Price (as at 26/02/10): $0.061

Dividend History

Div Amount Ex Div Rate Record Date

0.25c 25/09/2008 01/10/2008 0.25c 18/03/2009 24/03/2009 0.25c 03/09/2009 09/09/2009

Issuer Name: Stratatel Ltd FPO Shares on Issue: 139,743,441

Date paid % Franked Type 17/10/2008 0% Final 14/04/2009 0% Interim 15/10/2009 0% Final

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

Summary Financial Information

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Corporate Information

Directors

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

STE Daily Prices over 6 months

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Chart of daily prices over 6 months for STE by ASX.

Company Secretary Ms Emma Jane McCormack

Registered Office

Level 1, 1254 Hay Street West Perth WA 6005 Tel: +61 8 9212 4000 Fax: +61 8 9212 4001

Principal Place of Business Level 4, 22 Atchison Street St Leonards NSW 2065 Tel: +61 2 9467 9200 Fax: +61 2 9467 9201

visit us at stratatel.com.au

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