Kawartha I feel the same as you on this one.Now that the ANZ...

Kawartha
I feel the same as you on this one.
Now that the ANZ OPES hangover has come and gone I can
see no reason why the share price should be this low.
(Apart from general market mood!!)

From recent (12.06.08) presentation:

Acquiring online marketing group Empowered Communications, has made ComTel Australia’s first MVNO enabled mobile advertising campaign technology provider

An active database of 450,000, built by fulfilling consumer reward needs

Critical experience and insights in attracting and retaining subscribers, delivering value at every point of the chain, from portal attraction to reward redemption

Forecast to achieve $8 million FY08 EBITDA
In addition to existing advertising revenue from pre and post-paid offerings,
new revenues will be generated by:
− additional custom built mobile brands and opt-in CRM portal brands to
expand user & subscribers
− Advertising subsidised mobile offer to SMS Pup customers
− extending internet capabilities, such as email, to the mobile handset
− cross selling mobile offerings to on-line ‘opt-in’ subscribers
− white labeling CRM campaign technology (and MVNO technology) for major brands

ComTel is a profitable dual revenue business:
campaign technology for advertisers
pre and post paid mobile offerings for specific market niches
Taking mobile beyond traditional realms ahead of less nimble operators
Cross-boarder adaptable model
Member scale will attract advertising, quality of advertising and rewards will attract more members
Capability to white label mobile offerings for large organisations
Consider suitable future acquisitions that facilitate ‘opt-in’ growth
On track to achieve FY08 EBITDA $8 million forecast

YES I HOLD AND LIKE THIS ONE.

Anton.