Even in this market this has to be worth something

What's a company got to do to increase its share price other than rob a bank? - Ok so the Nasdaq dropped and the Dow looks like dropping further. Is'nt a profit a profit!

(I only own a small holding - Interested in comments)

AMCOM TELECOMMUNICATIONS LIMITED 2002-07-25 ASX-SIGNAL-G

HOMEX - Perth

+++++++++++++++++++++++++
REVISES EARNINGS UPWARDS AND PREDICTS MAIDEN NPAT FOR FY03

Amcom Telecommunications Limited (ASX: AMM) announces today that its
core broadband business has generated revenues of $5.01 million for
the June 2002 half, an increase of 23% over the preceding December
2001 half figure of $4.08 million. The revenue for the June half
represents an increase of 57% over the previous corresponding (June
2001) half figure of $3.19 million.

Management is confident that previously forecast figures of EBITDA
and earnings released in April 2002 will now be exceeded for the
financial year 2002.

Amcom Chairman Mr. Tony Grist said, "Amcom management has revised
upwards its internal earnings forecasts and now confidently can
predict a maiden Net Profit after Tax for financial year 2003".

Total group revenues for the June half were $5.7 million, including
$0.7 million in non-core revenues. The broadband revenue figure of
$5.01 million included $1.2 million contribution from Rescue Group.

Group broadband and related revenue by half years, excluding the
non-core cabling and IP1 businesses are as follows:

HALF YEAR JUNE 00 DEC 00 JUNE 01 DEC 01 JUNE 02
ENDING ($)

Broadband $1,497,141 $2,020,877 $2,571,692 $3251883 $3,860,627
Revenue plus
Establishment
Fees

Rescue Group N/a* $162,645 $613,464 $826,682 $1,152,293

Total Core $1,497,141 $2,183,522 $3,185,156 $4,078,565 $5,012,920
Revenues**

Table 1: Total broadband revenue from core-businesses half on half
NB1. * Rescue Group acquired in September 2000

Amcom June quarter results were also strong with the core broadband
business achieving an increase of 9% in revenues for the June 2002
quarter over the preceding March quarter. The revenues for the June
quarter represent an increase of 129% over the previous corresponding
period (June 2001 quarter) broadband sales.

Amcom management has now completed its rationalisation of core and
non-core business including the sell down of IP1 (Perth to Melbourne
long haul business) and the discontinuation of the project-cabling
group. Amcom is now a passive 26% investor in the strategic and fully
funded IP1 project. IP1 is now operational Melbourne to Adelaide,
with balance of the build to Perth expected to be completed by early
2003.

This is reflected in improved operating efficiencies and flattening
of overheads. Combined with growing sales this has led to significant
improvement in the EBITDA margins half on half. Core business EBITDA
grew from $172,000 or 4% of revenue for the December half to $862,000
or 17% of revenue for the June 2002 half. This represents a core
business EBITDA result estimate for the year of $1,033,000 from a
group total estimated result of $1,269,000 for FY02.

Amcom Group CEO Mr Eddy Lee said, "These results are testament to
our business model and our strong belief that the demand for
broadband solutions is growing significantly in the niche geographic
markets where our networks are located. It would appear that our
customer acquisition strategies put in place 6 months ago are now
paying dividends".

"With a current market penetration of less than 2% and a network
reach covering 80% of business houses in Perth there is tremendous
room for growth in market share," Mr Lee added.

Released by:
Greg Evans
MANAGER INVESTOR RELATIONS
[email protected]
+61 8 9226 5099