ITE i.t.& e limited

Ann: Trading Update and Appointment to Board of D, page-2

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    re: Ann: Trading Update and Appointment to Bo... Sydney - Wednesday - January 14: (RWE Aust Business News) -
    IT&e (ASX:ITE) says significant improvements have taken place in the
    company resulting in both a move to profitability and the strengthening
    of the balance sheet through cash generation.
    As of 31st December 2008, cash and cash deposits at bank were in
    excess of $2.0m.
    As reported at the Annual General Meeting, following the
    appointment of Andrew Wood as CEO in September, reorganisation of the
    company's management team and the implementation of a global structure
    for client operations, have resulted in improvements to client margins
    and the lowering of the cost base.
 
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Currently unlisted public company.

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