mnl info memorandum apr 2008

MNL - INFORMATION MEMORANDUM – April 2008

QUICK SHARE FACTS
Symbol: MNL
Recent Price: 21.5c (28 Mar 2008)
Market Cap: $9.2 mil (28 Mar 2008)
Shares O/I: 43,889,151
Options: 1.38 mil $1 exp July 2009
52 wk range: 16.5c to 33c
EPS: 3.5c (NPAT Historical)
EPS: 3.0 to 4.5c (NPAT Forecast FY08)
PE: 6 (NPAT Historical)
PE: 5 to 7 (NPAT Forecast FY08)

Shareprice 23c - Net Asset Backing
Shareprice 35c - PE=10
Saherprice 52c - PE=15

FINANCIAL RESULTS
Dec07 Actual Revenue: $16.2 mil (half year)
Dec07 Actual EBITDA: $960,000 (half year)
Dec07 Actual NPAT: $764,000 (half year)
(Includes 4 months of new business)

FINANCIAL FORECASTS
FY08 Forecast Revenue: $30 - $38 mil
FY08 Forecast EBITDA: $2.0 - $2.8 mil
FY08 Forecast NPAT: $1.3 - $2.0 mil

BRIEF HISTORY
1995 Company founded by
Mike Veverka – current CEO.
1999 Listed on ASX
2003 - 2006 Rising Profits
2005 Acquired TMS Global Services
(Lottery Contracts to 2010)
2007 Merged with Manaccom Pty Ltd
Founded in 1986 by Ian Mackay –
Current Deputy Chairman.

BOARD
Mr David Barwick Chairman
Mr Mike Veverka CEO & Major Shareholder (20%)
Mr Ian Mackay Deputy Chairman & Major Shareholder (20%)
Mr Bill Lyne Company Secretary

STRENGTHS
Long history and profitable track record
Strong Ownership and Management
Agreements with Tattersalls’ and NSW
Lotteries.
Relationships with Harvey Norman.

PRIMARY ACTIVITES
Online Division
Online retailing of popular Australian lotteries
online at www.ozlotteries.com
Agreement with Yahoo!7 for promotions.
Agreements with Tattersalls and NSW Lotteries
until 2010 (with probable extensions).
Software Division
Distribute leading software titles through
Harvey Norman, JB Hi-fi and Officeworks.
Agreements with Software companies:
Trend Micro Internet Security
NetNanny, CompareOffice

CONTACT
Manaccom House
8-10 Camford St Milton QLD 4064
Australia
Ph: (07) 3331 5950
Fx: (07) 3369 7844
Email: [email protected]
Web: www.manaccom.com

TOP 10 SHAREHOLDERS (25 Mar 2008)
Shareholder Shares %
1 Vesteon Pty Ltd (Mike Veverka) 8,008,390 18.2
2 IIMAC PTY LTD (Ian Mackay) 8,000,000 18.2
3 ANZ NOMINEES LIMITED CASH INCOME A/C 2,779,077 6.3
4 WARAWONG PTY LTD BETHANGA HOLDINGS FAM A/C 1,313,500 3.0
5 MR IAN MACKAY MRS CHERYL MACKAY MACKAY S/F 924,667 2.1
6 MR ANTHONY BROWN MS MELISSA GOLLAN JARVIS BROWN S/F A/C 700,000 1.6
7 MR PAUL JOHN DE MATTEO 676,086 1.5
8 J P MORGAN NOMINEES AUSTRALIA LIMITED 618,625 1.4
9 MR XAVIER ROBERT BERGADE 500,000 1.1
10 BARRY PLANT PTY LTD BARRY PLANT SUPER FUND A/C 339,500 0.8

Top 20 shareholders own 59%

FINANCIAL SUMMARY
12 mths to..FY June 05 FY June 06 FY June 07 HalfYear Dec 07
Revenue $7.2 mil $16.6 mil $17.9 mil $16.2 mil
EBITDA $657,000 $870,000 $38,000 $960,000
Profit(Loss)$625,000 $787,000 ($740,000) $764,000
Cash at Bank$6,900,000 $6,200,000 $4,800,000 $5,555,000
Net Assets $4,000,000 $7,800,000 $6,800,000 $10,235,000

Note: FY07 Loss due to once off losses in investments and network upgrade costs.

RECENT ANNOUNCEMENTS
11 Mar 2008 - Manaccom to Supply Big W Retail Stores Nationwide
21 Feb 2008 - First Half Results Up 257% Profit Upgrade For Full Year
19 Feb 2008 - Manaccom to expand into Game Console accessories
13 Feb 2008 - Manaccom to Supply Harvey Norman OFIS
23 Jan 2008 - Manaccom reactivates share buy-back
07 Dec 2007 - Share Consolidation & Change of ASX Code
18 Oct 2007 - Notice of Annual General Meeting
04 Oct 2007 - Manaccom off to a good start
02 Oct 2007 - YAHOO!7 LOTTO launch powered by zlotteries.com
20 Sep 2007 - Manaccom Signs Agreement with Trend Micro
18 Sep 2007 - Profit Upgrade
17 Sep 2007 - Manaccom Acquisition Completed
13 Sep 2007 - 2007 Annual Report
10 Sep 2007 - Ozlotteries And Yahoo!7 Sign Alliance Agreement
03 Sep 2007 - Jumbo Signs Manaccom Purchase Agreement