destra acquires Veritel DSL business...

destra acquires Veritel DSL business customers
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MELBOURNE – December 8, 2004 – Wholly owned subsidiary of destra
Corporation Limited (ASX:DES), Techex Communications (Techex), has
acquired all of Veritel Australia’s broadband DSL customers.

destra’s strategy to offer a one stop shop communications solution was
made more compelling with the acquisition of Techex in October. Techex,
along with other destra divisions, will undergo a rebrand in 2005, at
the
same time as the company launches new market initiatives.

The purchase was made using operating cashflow, with Veritel customers
bringing an additional $500,000 in revenue to destra Corporation and
adding immediate profitability to bottom line.

Domenic Carosa, destra Corporation’s CEO, said,”We are looking to make a
number of similar acquisitions over the next few months. We are
confident
that these will be as successful as the Veritel transaction where we
have
seamlessly transitioned and integrated all customers within the Techex
business environment.”

Vindicating the business model destra is pursuing, the company announced
its maiden net profit for the September 2004 quarter and is on target to
generate profit for this current financial year.

TPP Internet, in which destra Corporation has a 60 per cent stake, has
recently been appointed as the exclusive international domain name
registrar for the Solomon Islands (.sb). “TPP was chosen as the
exclusive
registrar because of its robust platform which already supports tens of
thousands of domains. The strategy is to leverage our existing domain
technology platform,” concluded Carosa.