07 January 2010NEWSAT SECURES MORE NEW BUSINESS WITHBLUE CHIP...

07 January 2010

NEWSAT SECURES MORE NEW BUSINESS WITHBLUE CHIP CUSTOMERS$

(Melbourne, Australia) As part of NewSat Limiteds (ASX:NWT) continuous Disclosure obligations, the company advises the market oft hefollowing new developments.

NewSat has entered the second half of FY10 with monthly annuity contract Revenue inexcess of 1.9 million dollars as a result of two new contract additions.

While terms of service limit the disclosure of clients names, details of these Contracts include;

Initial contract to provide voice and data communications on the Gorgon Gas project on Barrow Island, worth over $1million dollars annualised.

Three year contract with a Defence Force contractor for satellite Communications worth approximately $1 million dollars annualised.

The two new contracts follow on from a successful 6months where NewSat Increased contracted new business revenues by approximately 20% against the Corresponding period and delivered on its promise to shift an EBITDA loss to an EBITDA profit.

NewSat CEO Adrian Ballintine said, This continued turnaround in earnings Demonstrates the NewSat business model reaching a critical mass where each Dollar of new revenue generates an average of 30% EBITDA for the businesses Bottom line.



Richard Green
Chairman