VINYL GROUP LTD — Capital/Financing Update 2015

Feb 3, 2015

ASX CODE: MBO

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ASX ANNOUNCEMENT AND MEDIA RELEASE

Date: 4 February 2015

**Mobilarm

$2M
Convertible
Note
issue
attracts
high
profile
investors**

• Successful
  A$2
  million
  convertible
  note
  issue
  to
  build
  rental
  order
  book

• Attracts
  high
  profile
  investors
  including
  Laurence
  Freedman
  AM
  and
  Fred
  Bart

The
Board
of
Mobilarm
Limited
today
announced
the
successful
completion
of
an
A$2
million convertible
note
issue
to
a
range
of
high
net
worth
investors.
On
the
back
of
the
Company’s
record quarter
of
customer
sales
announced
in
October
2014,
the
company
has
raised
new
funds
to
help
in
the building
of
its
rental
book
of
man
overboard
(“MOB”)
safety
beacons.

Mobilarm
Limited
and
its
primary
subsidiary
Marine
Rescue
Technologies
(“MRT”)
has
embarked
upon
a refocussed
approach
to
the
way
marine
safety
technology
is
delivered.
Traditionally,
MOB
safety equipment
has
been
sold
outright.
An
increased
focus
on
the
risks
and
costs
related
to
Search
and Rescue,
and
with
new
prescriptive
occupational
health
and
safety
(“OH&S”)
requirements
especially
in Europe,
a
new
approach
has
been
needed.
Mobilarm
has
pioneered
a
new
rental
approach
that
allows for
a
comprehensive
annual
re-­‐certification
of
rescue
hardware
to
maintain
and
upgrade
its
capabilities during
the
rental,
and
the
ability
to
constantly
provide
the
highest
quality
MOB
rescue
solutions.

New
investors
attracted
to
MBO’s
novel
approach
include
high
profile
Sydney
business
identities
Mr Laurence
Freedman
AM
and
Mr
Fred
Bart
who
both
have
a
history
with
joint
investments
in
various companies.

Mobilarm
CEO
Ken
Gaunt
commented:
“Our
new
approach
is
already
being
seen
in
our
growing
order book,
but
to
now
have
it
endorsed
by
a
range
of
new
investors,
including
ones
of
the
calibre
of
Laurence and
Fred
is
a
huge
positive.
They
bring
so
much
more
than
just
dollars;
they
bring
acumen
as
well
as
an international
network
of
support
to
the
Company”

Mr
Laurence
Freedman
AM
said:
“A
major
increase
in
offshore
facilities
such
as
wind
farms
and
oil
rigs, combined
with
increasingly
stringent
safety
regulations
for
shipping
around
the
world
point
to
growing strong
sales
for
offshore
safety
equipment.
In
the
case
of
Mobilarm,
the
technology
is
worlds
best.
The funding
we
are
providing
now
is
for
the
Company
to
lower
its
production
costs
substantially
and increase
production
volumes.
The
benefits
should
rapidly
be
felt
on
the
bottom
line.
“

He
added:
“Since
taking
control,
of
Mobilarm,
Ken
Gaunt
has
delivered
a
series
of
changes
which
have directed
the
Company
to
long
term
profitability.
This
funding,
I
am
confident,
will
shortly
result
in
a further
substantial
lift.”

-­‐Ends-­‐

TEL. +61 8 9315 3511 MOBILARM LIMITED (ABN 15 106 513 580) FAX. +61 8 9315 3611 38 GUTHRIE STREET PO BOX 1837 OSBORNE PARK 6916 WESTERN AUSTRALIA WWW.MOBILARM.COM INFO@MOBILARM.COM

Further details

Ken Gaunt Email: keng@mrtsos.com Chief Executive Officer Tel.: +61 417 961 770 Tel.: +44 782 731 4442 www.mobilarm.com

Mobilarm Limited (ASX: MBO) and its 100% owned subsidiary MRT (UK) is involved in the development, manufacturing and sale of a Man Overboard Safety Systems provided to the offshore oil & gas industries, commercial marine industries, defence, and government & regulatory agencies internationally. MBO currently operates in the UK, Australia, Nigeria and USA.

MOBILARM MEDIA ANNOUNCEMENT

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