SPACETALK LTD — AGM Information 2011

Oct 31, 2011

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MGM Wireless Ltd. (ASX:MWR) Annual General Meeting November 2011

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MGM Wireless ASX:MSR

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ASX:MWR Capital Structure Market Cap. ($ 0.007 share): $ 1.68 mill Shares on Issue: 239.8 m Revenue: $ 2.39 mill Options Outstanding: 14.5 m unlisted EBITDA $ 0.57 mill No. Shareholders: 590 Net Profit: $ 0.26 mill Top Shareholders: Debt: $ 0.30 mill Fortunatow 37.9m (17%) Cash: $ 0.13 mill Hurd 5.1m ( 7%) EPS(cents) 0.11 Top 20 hold total 104.9m (48%) Price/Earn. (x) 5.5 Share Consolidation EV/EBITDA (x) 2.8 30:1 subject to shareholder approval Directors Mark Fortunatow - Chairman (Founder) Major Shareholders Mark Hurd (Founder) Fortunatow Family 15.5% Shaun Collopy (non Executive) Hurd Family 6.7%

Directors Mark Fortunatow - Chairman (Founder) Mark Hurd (Founder) Shaun Collopy (non Executive)

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What we do

SMS communication solutions for schools

MGM solutions:

1. Improve student attendance & safety

2. Engage parent involvement

3. Reduce school costs

Approaching 700 school customers

• 3 Government Education Department Contracts:

Western Australia

NSW (Sydney Region) New Zealand

PAC SCHOOL records show that ANDREW CALO did not arrive at school today (27/10/11). Please provide a reason by reply SMS.

Undisputed Australian Market Leader

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Quality Revenues

• 2-3 year rolling Customer Contracts • Software License Fees

• message revenues

PAC SCHOOL reminds parents of Intercol Soccer Final against St. Peters Saturday 1:00PM main oval.

$ 1.6 million in contracted future income

Over 700 school customers

• 3 Government Education Department Contracts:

Western Australia

NSW (Sydney Region) New Zealand

Undisputed Australian Market Leader US exposure NZ Government contract

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2010, 2011 – Profitability

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		2009	2009	2010	2011
	Revenue	1,887		2,271	2,390
	EBITDA	-124		457	565
	Margin	-6.6%		20.6%	23.6%
	Net Profit	-350		203	257
	Operational Customers	370		575	700

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Growth Strategy moving forward

1. Enhance existing products to:

2. Drive increased message traffic

3. Increase Software License Revenues – Product Upgrades

4. Enter complimentary messaging markets – Childcare & Preschool

5. Launch new cloud based rollmarking application

6. Shift from School Pay to Parent Pay model

7. Launch services in US and other international markets

8. Acquisitions

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Existing MGM business attendance management & SMS communication model

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MGM Sales contact School

School Leadership decides suitability for school community and budget

One Parent per family receives SMS

Sales Process

Decision makers are School Leaders & Principal Sales cycle 5 weeks to 3+ years Ultimate Customer - Parents are not involved / informed

Revenue

One off consulting and training fee (if applicable) - $ 1500 - $ 3,500 per school Annual License Fee - $ 3 – 8 per student per year SMS revenue $ 1.40 - $ 2.60 student pa

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New Sales model

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School Leadership 5. School Responds to Parent & MGM request

2. SNC informs School of request

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1. Parents Request on-line

Parents / Family Members

3. SNC informs MGM sales of request

Directly request service Invite other Family Members to join

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MGM Sales

4. Contact School via Parent request

New Products Target Consumers (Parents)

1. MGM Web marketing drives Parents to www.schoolnewschannel.com

2. Parents & Family Members watch demos and understand how the product works 3. Parents Request / Activate their service directly on-line themselves. 4. Parents pay for Social SMS services directly on their mobile phone account.

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Shopping Mall
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School Event Reminders

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Separated Parents
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Safety & Attendance
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MGM Wireless Holdings Pty. Ltd.
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Play Demo Student Safety & Attendance

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Play Demo School Social Events Late Breaking New

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School News Channel gives MGM access to the consumer market Direct access to Parents & Family Members

SNC creates a better, more effective marketing process

Because Parents directly request the service , its easier and faster to sell to schools Parents strongly influence school decision makers

Applicable for:

All existing school Customers New Schools

All markets - Australian, US and NZ

Self generated viral growth of new leads and sale inquires is already happening Products likely to generate:

• 200% more revenue per user (student)

• 300% more gross profit per user (student)

• More Traffic

• More Users

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• Cloud based Roll Marking and Student Welfare Application

• Version 1.0 completed, released and selling now.

• Supports Government program of PC for every classroom Teacher

• Supports Federal Government National Broadband Network

• Most advanced, easy to use attendance

and student welfare management features and capability

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In Conclusion

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Solid, established and profitable business

3-way growth strategy:

1. Product extension products for existing and new clients

2. i. Social Messaging

3. ii. Smartsync

iii. Rollmaker – cloud platform roll marking

1. New market entry – Childcare

2. High potential - School News Channel

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MGM Wireless Ltd. (ASX:MWR) Annual General Meeting November 2011

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