re: 18% loan says risk!!!!!! Cornell’s increased obligation...

re: 18% loan says risk!!!!!! Cornell’s increased obligation brings to A$22.5 million the total accessible equity and debt
financing arranged by SkyNetGlobal as part of its global expansion plan. Cornell’s commitment
is in the form of a standby equity distribution agreement ("SEDA") in which SkyNetGlobal, at its
discretion, can issue shares to Cornell at a slight discount to the prevailing market share price.
Issuances of new SkyNetGlobal share capital requires periodic shareholder approval.
The latest commitment of up to A$5 million is for ASX-traded securities. SkyNetGlobal is duallisted
on AIM and ASX. Cornell’s earlier commitment of A$14.6 million is specifically for
SkyNetGlobal shares trading on AIM. Having facilities for each stock market gives
SkyNetGlobal’s management and board greater flexibility and control in raising equity capital.
Jerry Eicke, Managing Partner of Cornell Capital Partners, says “SkyNetGlobal has an exciting,
proven business model with excellent growth opportunities in its home market as well as in
identified markets globally.”
“Access to capital and the cost of capital are on-going challenges for most fast-growing
companies, and we are no exception,” says Jonathan Soon, CEO of SkyNetGlobal.

Anthony Blass, Group MD of SkyNetGlobal, says the value of Cornell’s endorsement cannot be
measured in dollars alone. Among other benefits, he says, the equity commitment should
provide senior management the freedom to focus exclusively on SkyNetGlobal’s business,
without getting sidetracked with capital raising exercises. “Overall this is a huge positive and it’s
an enduring positive,” Blass says. “Small management teams like ours function best when we
focus on the business at hand. This is a three-year draw-down facility from one of the world
leaders in structured equity finance, so this is an investment partner who clearly sees long-term
upside in the company. We expect Cornell’s involvement will add to the daily trading volume of
our stock, which should please investors.”