13 million profit fore cast

tHIS IS WHERE AB PROMISED A 13 MILLION PROFIT A TWO YEAR FORECAST.. DATED 15/10/04


WHERE IS THE PROFIT. SURE THERE IS LITTLE DEBT BUT AS STATED B4 NO WONDER THEY GOT 1`3 MILLION FROM A SPP AND THEY HAVE ISSED ANOTHER BILLION SHARES SINCE THEN.

THEY ARE CROOKS

IBM Tower
Level 27, 60 City Road
Southbank VIC 3006
Australia
T +61 3 9674 4644
F +61 3 9674 4655
www.multiemedia.com
[email protected]
multiemedia limited ABN 12 003 237 303 ASX Code “MUL” Page 1
Multiemedia provides 2 Year
Forecast
Friday 15 October 2004
The Directors are pleased to provide Group and Individual entity forecasts for the
years to June 2005 and June 2006. The provision of the forecast fulfills the
commitment made at the recent EGM.
Multiemedia’s broadband satellite division, NewSat, has received much of
management’s effort and is now living up to initial expectations. NewSat has
started to mature and its Australian, Middle East and North African operations are
growing week on week.
MTD is an established business with steady growth prospects and a loyal
customer base. It now derives some of its revenue from NewSat, demonstrating
the synergistic nature of these two operations.
The recent purchase of Airworks - and the long due diligence process leading up
to the acquisition, enabled a very thorough understanding of that business and its
future financial contribution.
It is unusual to forecast beyond 12 months but due to the recurring nature of
revenues in the NewSat business, the Board wants shareholders to understand
the growth benefits associated with such businesses.
Forecast highlights:
· The Group is expected to generate a profit of $1.6 million (after minority
interests) in the second half of FY05 and move to a full year net profit of
$12.8 million (after minority interests) for FY06.
· Forecast to move to positive cash-flow by the end of the March quarter of
FY05, as both Airworks and NewSat generate a positive EBITDA.
ADRIAN BALLINTINE
Chief Executive Officer
Multiemedia Limited
For additional information please contact:
Mr Stephen Batten, Company Secretary on (03) 9674 4644, or by email at
[email protected]