capital raising, page-23

Company summary

· MBE is a provider of mobile and digital communications products and services.

· Leveraged to growth in m-commerce transactions and user engagement.

· Cash flow positive tech company, with strong revenues and earnings growth

· FY14 revenue guidance $19.5m (+59%), FY14 EBITDA guidance $3.05m (+185%).

· Secured $5.35m in advertising revenue to be included for FY15.

· Global m-commerce forecast to grow to $40bn in 2017.



Offer

· Raising $11.75m through 45.2m shares at $0.26

· ~7% discount to 30 day VWAP



Capital Structure (pro forma)

· Shares on issue ~368.3m (includes 45.2m placement shares)

· Placement price $0.26

· Market Cap ~$97.6m

· Cash ~$13m (includes placement stock)

· Debt $0m

· EV $84.4m





Timetable

· Bids due 5pm (AEST) Monday March 24

· Recommences trading Wednesday March 26

· Settlement Tuesday April 1

· Allotment date Wednesday April 2