Jumpie - FYI Issuance of shares from convertible note...

Jumpie - FYI

Issuance of shares from convertible note retirement
05/07/2007 Shares - 284,711,655 at 0.004 - Southern Cross
Equities

NewSat’s strong cash position, afforded as a result of its relationship with Fund Managers, Wilson Asset Management and Southern Cross Equity, enabled it to acquire the assets fairly and expeditiously. As stakeholders are aware the company has in previous months issued convertible notes to build cash reserves. (Dated 20/3/2007)