Confident of Maintaining Growth for this Financial Year Document...

Confident of Maintaining Growth for this Financial Year

Document date: Thu 29 Aug 2002 Published: Thu 29 Aug 2002 13:28:02
Document No: 148189 Document part: A
Market Flag: Y
Classification: Other
QUADTEL LIMITED 2002-08-29 ASX-SIGNAL-G

HOMEX - Brisbane

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Quadtel Limited (ASX:QTL) are upbeat about the forthcoming financial
year and are confident of maintaining the impressive growth rate
achieved in the last Financial Year where sales revenue was $18.5
million an increase of 92% over the previous year including a record
4th quarter sales result of $5.9 million. This impressive growth rate
has been facilitated by a number of significant achievements
including:

* Winning Exclusive supply status with OzEmail - Australia's leading
ISP with over 600,000 subscribers - this Supply contract is to
provide a complete end to end solution for the supply, provision and
logistics to DSL subscribers of OzEmail's market leading ADSL
Broadband service. This contract has an estimated worth of $3 million
in sales and services for the 2002/2003 Financial Year.

* Signing Preferred Supplier Status with iPrimus - Australia's
fastest growing ISP with over 400,000 subscribers. The Supplier
Status is to cover DSL modem requirements for customers of iPrimus.
This agreement is estimated to deliver over $2 million in sales for
the 2002/2003 Financial Year.

* Delivering Australia's first retail Broadband product through
Harvey Norman and iPrimus, this product is now available in all
leading retailers and is the most comprehensive retail Broadband
solution in the market today.

* Signing a large, multimillion-dollar, 3-year contract with one of
the country's leading Health Services organisations - this product
and services contract is worth in excess of $4.5 million.

* China - Signed Exclusive Supply Contract to supply High Speed
Internet Services and Equipment to 250,000 businesses in Ningbo City
and surrounding regions. This project has now commenced and the
initial equipment submission has been finalised. The delay to this
project has been due to network design issues, these design issues
have now been resolved and the initial order is expected soon. The
expected value of this order will be $400,000 and the project is
expected to deliver a minimum of $5 million in product orders within
6 months.

Throughout the 2002/2003 Financial Year Quadtel will continue to
refine and focus on "total solutions", not just the distribution of
products, thereby providing true "value-add" and differentiation
together with improved profitability. This focus will be on three
fronts:

* Telco / ISP markets with our broadband solutions and bundled
services and logistics capacity.

* Retail - continue to introduce new innovative products to the
retail merchants, currently the company is in critical discussions
with 3 major vendors in regards to distribution for the Australian
retail market

* Small - Medium Enterprise - this is the largest business sector in
Australia but has been poorly addressed to date. Quadtel has begun an
initiative to provide the first real "Business in a Box" solution by
integrating Data, Voice and Internet in a single cost-effective
platform and packaging this with a broadband service - Quadtel expect
this solution to be launched before the end of 2002 and expect
significant interest from tier 2 and tier 3 Enterprise resellers.

"As demonstrated above the company has achieved a great deal in 2002
to date and will continue to deliver similar results going forward,
Quadtel's exposure to China represents great opportunities whilst we
will continue to deliver growth in the domestic market" said David
Ramsay Chairman of Quadtel Limited. "Going forward we can see revenue
of over $30 million for 2002/2003 which will deliver growth of more
than $20 million in only 2 years."

ABOUT QUADTEL

For further information visit www.quadtel.com or phone Quadtel's head
office on +61 2 8852-4600.