remember this old news !!!

ASX Announcement
engin Limited (ENG)
9 March 2006
Company Announcements Centre
Australian Stock Exchange
engin continues broadband telephony growth
Sydney, Australia, 9 March 2006 – engin Limited (ASX: ENG) announced its halfyear
financial result to 31 December 2005, demonstrating significant growth in both
subscriber lines and revenues during the period.
engin’s revenues have increased by 143 per cent to $3.03 million compared to $1.25
million for the previous six months and this sets engin apart as the fastest growing
broadband telephony company in Australia. engin’s paying subscriber numbers have
grown from 5,800 at June 2005 to 18,100 as at the December 2005, and have grown
even stronger in the first two months of 2006 to 24,000 at the end of February 2006.
In line with subscriber growth, voice traffic across the engin network also continues to
grow. In the month of December 2005, in excess of 6,600,000 minutes of voice traffic
was carried over the engin network.
engin reported a half year loss after tax of $3.75 million (EBITDA loss $5.13 million),
compared to the half year ended June 2005 loss of $3.41 million (EBITDA loss $3.79
million), the company’s balance sheet remains strong, with current cash reserves of
$5.70 million to fund growth, which will take the company past operational breakeven
point.
engin’s continued momentum follows on from the announcement on 19 January 2006
that the company had raised $4.1 million through a private placement, which was
significantly over subscribed. engin placed 29.5 million ordinary shares to institutions
and investors at $0.14 per share.