multiemedia appoints newport capital, page-2

Multiemedia drives for Improved Performance
Multiemedia has appointed Newport Capital to undertake a detailed review of its
operations with a view to improving individual businesses and group performance.
The review will encompass a broad range of activities and will examine all facets of
each business as well as the overall group and its component business units.
“Multiemedia is on track to record a net profit for the first half of this year”, Chairman
Mr. John Walker said, “however, given the current economic climate, the group must
strive for further improvement in operations. To this end, we have engaged Newport
Capital to review each business, including the capital and funding requirements and
the fit of each business within the Multiemedia Group. The Company will enter into
negotiations in relation to each of the businesses which are designated non-core,
and the proceeds from the conclusion of such negotiations will be re-invested in core
profitable operations to improve the overall performance of the group.”
“We are pleased to be working with Newport Capital,’’ Managing Director Mr. Adrian
Ballintine said. “Newport Capital is extremely well credentialed to conduct this review
with vast experience in the technology sector and particularly in telecommunications,
which will be a great benefit in moving forward with the promising VSAT project.”
Newport Capital Group f t y Ltd is an Australian owned corporate finance and funds
management group. Newport is entirely focussed on, and committed to, the key
sectors of information technology, telecommunications, digital and multimedia, media
convergence, Internet, eCommerce, manufacturing and minerals processing
technologies.
Newpurt was founded in 1989 as ”IT Services” by the current Executive Chairman,
Lou Richard. Over its twelve-year history Newport Capital has advised on the
completion of more transactions than any other specialist technologies advisor.
The directors will keep the market informed of developments in this review.
For additional information please contact:
Mr. Adrian Ballintine, Managing Director on
(03) 9603 3200, or by email at sharehotder~multiemedia.com.