Jumbo Corporation Ltd
ABN: 66 009 189 128
Level 19, Riverside Centre
123 Eagle Street
Brisbane QLD, 4000
Ph: +61 7 3831 3705
Fax: +61 7 3831 9720
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ASX RELEASE – Friday 27 June 2007
PROFIT GUIDANCE
In a follow up to a previous announcement on 8 June 2007, Jumbo Corporation Limited today
announced an updated profit guidance for the full year ending June 2007. This forecast is based on
unaudited management accounts and is subject to further review and audit.
FY 2006 FY 2007 Guidance
Revenue $16.6 million $17.6 to $18.6 million
Gross Profit $4,643,137 $4.8 to $5.1 million
EBITDA $869,970 $200,000 to $500,000
Net Profit $786,973 ($300,000) to ($500,000) Loss
The guidance takes into account a number of items that include:
• Impairment of Global Approach Limited (GLO) Investment. Jumbo recently sold its entire holding
in GLO raising $1.09 million (less brokerage costs) in additional cash for working capital resulting
in a loss of $194,725.
• Impairment of Proprietary Online Lottery Games. As announced between September 2006 and
December 2006, Jumbo developed and launched a range of proprietary online lottery games that
included scratchprizes.com and pinballkeno.com. A decision was made to close these games due
to low sales and to focus on new opportunities such as the Manaccom acquisition.
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Upgrade to Lottery Network
As announced on 8 June 2007, improvements and new additions were made throughout the year to
both Internet (Ozlotteries.com) and non-Internet (Pacific Island Network) sales channels to build a
platform for future growth. These improvements and new additions were required to build a system
capable of sustaining higher sales levels and to take advantage of new online marketing initiatives.
Manaccom Acquisition Update
As announced on 25 June 2007, Jumbo has entered into a conditional Heads of Agreement to acquire
Manaccom, a specialist software publishing and distribution business that supplies major retail chains
including Harvey Norman, D. Smith, JB Hi-Fi and Officeworks.
The purchase consideration of $5.1 million comprises of $2.5 million cash on settlement (bank finance)
and 80 million JUM shares (at 3.25c).
Manaccom has provided audited accounts for the 12 month period ended 30 June 2006 that include:
• $11 million in Revenue
• $1.6 million in EBITDA
The results for Manaccom for the 2007 financial year are expected to exceed these results.
A Notice of General Meeting was announced for 23 August 2007 with a settlement planned shortly
afterwards. Due Diligence and negotiations for Finance have commenced and are progressing well.
For further Information:
Mike Veverka
CEO, Jumbo Corporation
(07) 3831 3705
JUM
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