1.9 million maiden profit for fy2006

For immediate Release to the market
GPS Online Limited
ASX Code GPO
13 September 2006
GPS Online announces $3.3 million turnaround
$1.9 million maiden profit for FY2006
Appendix 4E – Preliminary Report
The Directors of mining products and services company GPS Online (ASX: GPO) today announced a strong
turnaround in its results for the twelve months to 30 June 2006, reporting net profit before tax of $1.95 million
compared with a loss of $1.37 million in the previous financial year.
EBITDA rose to $2.4 million from a loss of $0.72 million in FY 2005, based on Group revenues of $10.5
million, representing an increase of approximately 200 per cent.
GPS also reported profit attributable to members of $9.2 million resulting from the recognition of a deferred
tax asset.
The balance sheet also improved significantly with Total Assets increasing to $26.3 million from $3.6 million
and Total Equity increasing to $17.7 million from negative $2.7 million.
GPS Online Group Managing Director and Chief Executive Officer Mr Robin Levison said recent acquisitions
contributed to the performance and have positioned the company for future growth. The Board reaffirmed its
forecast of 440% growth in net profit before tax for the 2007 financial year.
“Our business units are largely performing as expected, and it is most pleasing that Advanced Mining
Technologies (AMT) performed above expectation. We are also seeing the initial benefits of integrating the
business with cost synergies contributing to an improved operating margin result.”
GPS Online acquired AMT in December 2005 and announced plans in June 2006 to acquire WADAM
Industries (WADAM), a company that facilitates strong two-way mining equipment trade with China.
Post Balance Date events
In July 2006, the company secured a $10 million equity line of credit from US-based global investment
house, Cornell Capital Partners, reinforcing the momentum of the turnaround of GPS Online.
In August 2006, GPS Online announced the acquisition of PJ Berriman (PJB), a Hunter Valley based mining
services company.

An Extraordinary General Meeting will be held on 14 September 2006 to gain approval for the raising of up to
$8.5 million by way of Convertible Notes to approve the acquisition of WADAM and finance both the WADAM
and PJB transactions. This issue has closed oversubscribed given demand from existing and sophisticated
investors.
Shareholders will also vote on a change of name from GPS Online to INDUSTREA Limited.
“The name change is symbolic of the company’s reinvigoration and commitment to its current strategy to
become Australia’s leading mining products and services company,” Mr Levison said.
Outlook
Mr Levison said the acquisitions provide domestic and international growth engines that position the Group
to achieve increased revenue and profit at a very low capital cost.
“WADAM gives us a valuable foothold in the Chinese market through distribution agreements with some of
the world’s leading underground mining supply companies.”
“After a further review of its 2006 result and the current 2007 profit forecast, the GPS Board has reiterated its
year-end 2007 forecast of a 440% increase in NPBT to $12.3 million, with revenues of $78 million
corresponding to forecast earnings per share (EPS) of 2.2 cents per share” said Mr Levison.
"These forecasts assume the successful acquisitions of WADAM and PJB. They are in large part based on
the fact that the GPS Group (including WADAM) already has $32.3 million in contracted sales for delivery in
the current financial year, almost half of which has already been shipped or are close to delivery."
The Group will concentrate on the integration of WADAM and PJB to maximise synergies between the
companies; expand the number of Agencies WADAM represents in China; and pursue new sales
opportunities in the USA, South America, Indonesia, Eastern Europe and India.
Mr Levison said further acquisition opportunities are being investigated.
“Reporting a maiden profit for FY2006 signals the end of our turnaround and the beginning of a strong
growth phase for INDUSTREA.”
END
For more details contact:
Mr Robin Levison
Managing Director and Chief Executive Officer
07 3725 5400
www.gpsonline.com.au.