undervalued emerging communications giant

continuously seeing support at .04c and is only a matter of time before the market wakes up to this little gem

directors demonstrating yet again their ability to turn MCL into communications giant

Significant Telecom and Broadband Acquisition

was during difficult market times and will rerate soon enough

ANN out today excellent


– WHIZFONE VIETNAM REACHES PROFITABILITY
– STRONG EBITDA CONTRIBUTION TO THE GROUP
m2m Corporation Limited (”m2m” or “the Company”) is pleased to announce that, as forecasted
at the June 2007 shareholders meeting and after only three months trading, its wholly owned
subsidiary, Whizfone Vietnam, has reached profitability with a strong EBITDA contribution and a
positive cash flow for July 2007. This milestone was achieved without the planned installation of
new capital equipment.
m2m currently has Tier-1 customers waiting to switch on or increase their traffic into Vietnam
once the additional equipment has been deployed.
m2m CEO Michael So said: “This is a fantastic milestone for our Vietnam business; it verifies our
business and cost model for this region. More specifically, as one of the first movers in this
market, it creates a solid foundation for further growth and the new business opportunities
currently being investigated.
Our strategy to take an incremental approach to each market focusing on their profitability and
fundamentals is starting to pay off. It shows that we are focussed on organic growth as well as
acquisition growth. It also demonstrates our ability to integrate new businesses effectively and
profitably”.