If what you are saying eventuates, what we are witnessing is one...

If what you are saying eventuates, what we are witnessing is one of the greatest frauds ever conducted in stockmarket history and directors will inevitably head up in jail if I have it my way IMHO!

COMMANDER ACHIEVES FIRST HALF GUIDANCE WITH STRONG
GROWTH IN IT SERVICES AND FRANCHISE ROLLOUT
19 February 2007– Commander Communications Limited (ASX: CDR) today announced it
has achieved its FY2007 half year guidance with significant successes in ICT Hardware
(Data), Services and Business Segments. Announcing half year revenues of $506 million,
up 59 per cent on FY2006, Commander has executed on its well known vision for a 360°
solutions suite following the acquisition of Volante in April last year.
The announcement is consistent with the market’s understanding of Commander’s noncash
depreciation charges announced on 1 February and Commander’s Managing
Director, Adrian Coote has maintained his FY2007 guidance of $1.1 - $1.2 billion in
Revenue and underlying EBITDA of $95 - $101 million.
Coote said: “FY07 is a year of transformation for Commander. In the first half we have
seen significant growth in uptake of our managed and professional services made possible
following the integration of Volante. The successful rollout of the Commander Centre
franchises across regional Australia also underpins our first half successes.”
The owner operated Commander Centre franchises have already demonstrated business
line efficiencies, selling voice equipment and network services as well as ICT hardware and
services to the SMB market. Each Centre is fully branded and fitted out to give a consistent
look and feel and receives a full range of support services from Commander, resulting in a
service tailored specifically to the needs of SMBs. This highly personalised service and
support has generated early positive feedback from a growing customer base in each
territory.
The expansion of the managed services team and the combined Commander and Volante
offering has manifested in a number of new customers, including a three-year, multi-million
dollar IT managed services deal with Mitsubishi Motors Australia Ltd as well as significant
growth within Commander’s existing customer base.
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About Commander
Commander has been tailoring business communications and technology systems with leading
solutions to meet Australia’s business needs nationally for over 25 years.
Commander is well known for providing office telephone systems. Through a series of strategic
acquisitions and relationships with leading technology companies, Commander has broadened its
expertise to provide a complete business communications and technology solution unmatched by
any other Australian ICT organisation. This solution spans office and mobile telephony, IT hardware
and software, Internet and network access, converged solutions, support and maintenance services,
software licensing solutions, infrastructure solutions, software solutions, managed services and
strategic consulting services. Commander has one of the largest business-dedicated technical forces
in Australia.
More information is available at www.commander.com.
Contact:
Adrian Coote, Managing Director Roger Marshall
Commander Spectrum Communications
+61 2 9030 1737 +61 2 9954 3299
rogerm@spectrumcomms