SPACETALK LTD — Earnings Release 2012

Jul 29, 2012

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ASX Market Announcements ASX Limited 20 Bridge Street Sydney NSW 2000

ASX Release MGM Wireless Ltd

Monday 30 July 2012

2012 Earnings Guidance - Record Profit

The Directors of MGM Wireless (ASX:MWR) advise that the company will report a record profit for the year ended 30 June 2012.

With the annual audit of the MGM Wireless’ accounts nearly complete, the company anticipates reporting its 2011-12 financial results to the market in early August. The full year net profit is expected to be in the vicinity of $600K. This compares with net profit of $257K in 2010-11.

Mark Fortunatow, MGM Wireless CEO said

“it was an exceptional year as we continued to grow our user base and receive very positive feedback from schools and parents about our new products and services which will be so important to our long term, sustained growth.”

About MGM Wireless Ltd and Messageyou, LLC

MGM Wireless is recognized in Australia and internationally as a pioneer of socially responsible technology-enabled school communications with a proven track record to design, develop and successfully commercialise innovative world class technology products in Australia and internationally.

The company’s patented SMS School communication solutions empower schools to effectively communicate to parents and caregivers using SMS text messaging to improve student attendance, welfare, safety and parent engagement. Measurable benefits for schools include reduced operating costs, increased productivity and improved parent and community engagement which ultimately improve student learning and social outcomes.

Over 800 schools in Australia, New Zealand and the United States use messageyou software in their day to day operations.

For further information contact: MGM Wireless Ltd. - (ASX:MWR) Mark Fortunatow, CEO Mobile: +61 421 328 984 Phone: +61 8 8431 2300 Email: mfortunatow@mgmwireless.com Web: www.mgmwireless.com