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re: quadtel records a profitable febuary Quadtel Records...

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    Quadtel Records Profitable February

    Document date: Thu 20 Mar 2003 Published: Thu 20 Mar 2003 14:47:17
    Document No: 152041 Document part: A
    Market Flag: Y
    Classification: Periodic Reports - Other
    QUADTEL LIMITED 2003-03-20 ASX-SIGNAL-G

    HOMEX - Brisbane

    +++++++++++++++++++++++++
    Quadtel Ltd (ASX: QTL), is pleased to advise shareholders that
    February 2003 was profitable as forecast at the company AGM in
    November 2002 and the announcement made on 14 February 2003.

    "Following on from our cost reduction initiatives and re-focussing
    our sales efforts on higher profit margin products, achieving a
    profit in the month of February completes the first phase of
    re-structuring of the company" commented Bruce Ind, CEO of Quadtel.
    "The next phase will be to grow monthly profits from the company's
    key activities to the end of the financial year. Importantly, with a
    stable profit baseline, the company is now positioned to capitalise
    on its investment in China."

    Quadtel's high margin products have delivered a significant
    contribution to the company since December 31. The company currently
    republishes titles for five vendors - ScanSoft (Dragon
    NaturallySpeaking product line), Arcsoft, Panda Software, Newtech
    InfoSystems and Transparent Language and the contributions from those
    vendor lines are an enormous part of the gross margin for the
    company. As explained in previous press releases, this model involves
    less upfront working capital with royalties paid against sales,
    thereby resulting in very low inventory costs.

    ScanSoft who have just renewed Quadtel's agreement to republish the
    latest version of their speech recognition software Dragon
    NaturallySpeaking 7 have also praised this model's success. Australia
    is the only country which distributes ScanSoft's products under this
    business model.

    Quadtel is aggressively pursuing opportunities to further widen the
    scope of its high margin republishing model and is currently in
    further negotiations with a number of suppliers with specific focus
    in areas perceived as high growth namely DVD, Digital Imaging and
    Document Management and look forward to finalising agreements in the
    coming months.

    For Further Information contact:
    Billy Cina
    P R & COMMUNICATIONS MANAGER
    Tel: +61 2 8852 4651.
    E-mail: [email protected]

    Denis Orrock
    COMPANY SECRETARY
    Mobile: +61 2 8852 4628
    E-mail: [email protected]



 
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