MicroEquities Rising Stars Conference 2009

2009 “Rising Stars”
Microequities Conference
microequities.com.au
Profile of companies participating
CLOVER CORPORATION ASX:CLV (FOOD SCIENCE)

MICROEQUITIES RESEARCH COVERED
Clover Corporation is a life science company which develops innovative function food ingredients used to improve the
nutritional qualities of a range of foods including infant nutrition and dietary supplements. Clover Corporation's wholly
owned subsidiary, Nu-Mega Ingredients is a world class supplier of Omega-3 DHA sourced from tuna oil. Microequities is
forecasting Clover’s PBT to grow by more than 20% for FY09.
eServeGlobal ASX:ESV (SOFTWARE)

eServeGlobal produces software that helps Telecommunications network operators manage their networks more
effectively. eServeGlobal’s products specialize in Re-charging the balance of pre-paid mobile phones, charging for calls
service and data in real time, volice mail, SMS messaging and content delivery. eServeGlobal installed base includes 80+
carriers in over 50 countries. The company has particular exposure to emerging market’s which have the fastest rate of
subscriber growth.
QMASTOR (MINING SOFTWARE) ASX:QML (SOFTWARE)

QMASTOR is a technology company specialized in providing software solutions to the global mining, power generation,
and bulk commodities industries. The company produces a number of software solutions including Pit to Port, Pit to Plant
and Port Plant. The company recently made its first bolt on acquisition paying 3.5X EBIT for Coal Link Australia.
Microequities is forecasting QMASTOR’s PBT to increase by more than 100% for FY09 to $2.2m.
DWS LTD ASX:DWS (IT SERVICES)

DWS Ltd is an IT services firm that provides three core services; Project outsourcing in including management, design
and implementation of IT solutions. Co-Sourcing in which DWS works as a “preferred supplier” in conjunction with an
organizations in house employees. DWS also works as individual specialists providing specialist staff on specific projects.
MANACCOM ASX:MNL (INTERNET & SOFTWARE)

Manaccom has two distinctive business divisions; Online Lotteries and a software distribution and publishing division. The
Online Lotteries division recently signed a five year agreement with NSW Lotteries Corporation, in which it appointed
Mancomm’s Ozlotteries as its exclusive online selling agent. Manacomm’s software distribution business sells a number
of wekk known software brands (Trent Micro, Nitro PDF, Net Nanny) to some of the major software retailers in Australia
(Havey Norman, Dick Smith, JB Hi Fi, Officeworks).
LINDSAY AUSTRALIA ASX:LAU (TRANSPORT)

Lindsay Australia is a transport, logistics and rural supply company. The company’s two principal business divisions are
transport and rural. The transport division transport around 1.2 million tonnes of freight per annum across 16 freight
terminals. The division has a fleet of over 700 vehicles and trailers. It has major customers including Coles, Cadbury, IGA
Supermarkets, Woolworths. The Rural division supplies 750 farmers with agricultural products (fertilizers, chemicals,
iriigation equipment and packaging). Linndsay recently upgraded its profit guidance for the year to a range of between
$3.6 to $4.1m (FY08 NPAT $2.0M).
AMCOM TELECOM ASX:AMM (TELECOMMUNICATIONS)

Amcom is a telecommunication services provider operating in two man divisions: Fibre Division which owns and operates
an extensive fiber optic network across Australia’s man cities and Amnet which is focused on SME’s and retail clients.
Amcom also holds approximately 23% of Retail Broadband provider iiNet (ASX:IIN). Amcom’s management expect the
company to increase FY09’s NPAT by more than 25% (excluding iiNet’s contribution and significant items).
IPERNICA ASX:IPR (IP ASSERTION AND MEDIA TECHNOLOGIES)

Ipernica origins stem from its activities in IP assertion. The company has over the past few years built a number of
strategic partnerships with various international partners that help Ipernica’s client manage their IP technology and assert
their IP rights. In March 2008 the company received $20m following a successful settlement against Ericsson and
Longreach. Following a strategic review Ipernica acquired Nearmap Pty Ltd, an innovative geospatial media company that
produces high resolution aerial photographs that has significant cost advantages over other competing technologies.
2 0 0 9 R IS IN G S TARS MIC RO C AP CO N F ERE N CE
Media partner
‘2009 Rising Stars’ MICRO CAP CONFERENCE

Tuesday 2nd June 2009 / Level 4– Room 1/ SYDNEY HILTON (488 George St, NSW 2000)
Morning Sessions
TIME:
9:00-9:50 h. CLOVER CORPORATION Dr. Ian Brown - CEO
9:50-10:30 h. ESERVGLOBAL Ltd Ian Budderry – Executive Chairman
9:50-10:30 h. Morning Coffee Break
11:00-11:40 h. QMASTOR LTD Trent Bagnall - CEO
11:40-12:20 h. DWS LTD Lachlan Armstrong - CFO
12:20-13:30 h. LUNCH BUFFET
Afternoon Sessions
13:30-14:10 h. MANACCOM CORPORATION Mike Verveka - CEO
14:10-14:50 h. LINDSAY AUSTRALIA Kim Lindsay– MD

Graham Johnston- CFO
14:50-15:20 h. Afternoon Coffee Break
15:20-16:00 h. AMCOM LTD Clive Stein- CEO
16:00-16:40 h. IPERNICA LTD Graham Griffiths- MD
www.microequities.com.au
Unleashing the value of Micro Cap Companies

Media Partner
2009 “Rising Stars” Micro-Cap Conference

Sydney, 2 June 2009
Presented by: Dr. Ian Brown
DISCLAIMER
The release, publication or distribution of this presentation in certain jurisdictions may be restricted by
law and therefore persons in such jurisdictions into which this presentation is released, published or
distributed should inform themselves about and observe such restrictions.
This presentation does not constitute, or form part of, an offer to sell or the solicitation of an offer to
subscribe for or buy any securities, nor the solicitation of any vote or approval in any jurisdiction, nor
shall there be any sale, issue or transfer of the securities referred to in this presentation in any jurisdiction
in contravention of applicable law.
Persons needing advice should consult their stockbroker, bank manager, solicitor, accountant or other
independent financial advisor. Certain statements made in this presentation are forward-looking
statements. These forward-looking statements are not historical facts but rather are based on Clover
Corporation’s current expectations, estimates and projections about the industry in which Clover
Corporation operates, and its beliefs and assumptions. Words such as "anticipates," "expects," "intends,"
"plans," "believes," "seeks,” "estimates," and similar expressions are intended to identify forward-looking
statements.
These statements are not guarantees of future performance and are subject to known and unknown risks,
uncertainties and other factors, some of which are beyond the control of Clover Corporation, are difficult
to predict and could cause actual results to differ materially from those expressed or forecasted in the
forward-looking statements. Clover Corporation cautions shareholders and prospective shareholders not
to place undue reliance on these forward-looking statements, which reflect the view of Clover Corporation
only as of the date of this presentation. The forward-looking statements made in this presentation relate
only to events as of the date on which the statements are made. Clover Corporation will not undertake any
obligation to release publicly any revisions or updates to these forward-looking statements to reflect
events, circumstances or unanticipated events occurring after the date of this presentation except as
required by law or by any appropriate regulatory authority.
1
INTRODUCTION
Clover Corporation (CLV) provides nutritional and functional ingredients for

use in foods and specialty applications using proprietary technology.
With a focus on the encapsulation and delivery of bioactives, the current
primary activities of the company include the provision of HiDHA® omega-3
fish oils/powders and debittered soy ingredients.
Future Food
Ingredients
(100%) (50%)
A COMPANY COMMITTED TO
NEXT GENERATION NUTRITION
• Mission is to identify, develop and commercialise specialty
functional and nutritional ingredients with an initial focus on
HiDHA® marine oils (long chain omega-3).
• Clover Corporation was founded in 1988 and listed on the ASX in
1999.
• Nu-Mega Ingredients was founded as a JV in 2003 and fully
acquired in November 2007.
• Consistently profitable, strong cash position & zero debt.
• Competitive position in the growing “nutraceutical” market.
• Strong technical, manufacturing and sales organisation.
• Focus on proprietary technology, such as microencapsulation.
2
SUMMARY OF FINANCIAL
PERFORMANCE FY08
FY2008 FY2007
Shares on issue 165.18 million 165.18 million
Total contributed equity $32.92 million $32.92 million
Market capitalization $33.04 million $17.34 million

(# 20.0 c/s)
Cash total $10.759 million $10.960 million
Sales Revenue $21.619 million $16.469 million
Total Revenue $22.928 million $17.664 million
Clover Corporation is increasing its revenue base and is debt-free
As per Annual Reports # Last sale 22/5/09 5
SUMMARY OF FINANCIAL
PERFORMANCE FY08
FY2008 FY2007
EBITDA $2.272 million $537,000
Profit $4.135 million $635,000
EPS 2.5 cents/share 0.38 cents/share
Major shareholder WHSP & Co. Ltd (28.55%) WHSP & Co. Ltd (28.55%)
Top 20 shareholders 59.75% of shares 55.1% of shares
Dividend of 1 cent per share paid in November 2008
As per Clover Corporation 6

Annual Reports
3
FINANCIAL PERFORMANCE:
AN EMERGING GROWTH TREND
million ($)
5
0
FY06 FY07 FY08
Net Profit Tax Credit
As per Clover Corporation Annual 7

Reports
Summary Interim Results:

strong growth in key areas
HY’09 HY’08 Variance

(%)
Revenue $9.603M $9.989M Down3.9%
EBIT $2.064M $1.169M Up 76%
NPAT $1.609M $0.685M Up 134%
4
NU-MEGA INGREDIENTS PTY LTD
• Primary interest in the provision of HiDHA®

omega-3 tuna oils/powders.
• Refine crude tuna oils.
• Prepare high quality oils & powders.
• Utilise proprietary/patented encapsulation
(100%) technologies for a range of nutritional oils and
other bioactives.
• Process protects oil from oxidation (“fishy” taste
& smell).
• Major applications in infant formulas, foods &
animal feeds.
• HiDHA® oils reported to have many nutritional &
health benefits.
CLINICAL RESEARCH &

PUBLICATIONS
10
5
NU-MEGA SALES &
DISTRIBUTION NETWORK
SALES OFFICE MANUFACTURING SITE AGENTS
11
WHERE DOES NU-MEGA SELL

ITS INGREDIENTS?
Australia/New Zealand 39%
Asia 52%
Europe 8%
USA 1%
Growth Opportunites
• Europe and North America
represent significant growth
opportunities.
Infant formula Food Supplement Animal feed
• Asia will continue to offer
growth as markets develop
AGM, November 2008
12
6
RECENT MILESTONES:
A PLATFORM FOR THE FUTURE
• Improvements and increased production capacity at the Altona
oil refinery.
• Commercial launch of new ThermoMAX™ encapsulation
technology developed in conjunction with Food Science
Australia/CSIRO.
• Secured 5 year supply contract in 2008 with Mead Johnston &
Company, a leading global manufacturer and supplier of infant
and children’s formula.
• Improved sales performance.
• Acquisition of remaining 30% equity in Nu-Mega.
• Recruitment of selected experienced personnel.
13
DELIVERING ON FY09 PRIORITIES
• Consolidate improved sales in infant formula applications.

– Improve the product mix.
• Expand sales & distribution network.
• Increase opportunities in food applications.
• Selectively recruit for growth.
• Move FFI to profitability
• Continue development of encapsulation technology.
• Identify new technical & commercial opportunities.
• Update company image and communication.
14
7
NU-MEGA: FUTURE PRIORITIES
• Increase sales in value added applications.

• Increase sales & marketing presence.
• Improve oil quality & increase capacity.
• Finalise integration of Nu-Mega into Clover
Corporation.
• Expand technology & new product
development.
• Nutritional & clinical research.
• Identify new complementary bioactive
opportunities.
• Selective recruitment for growth.
• Expand sales through GTC Nutrition
15
FUTURE FOOD INGREDIENTS (FFI)
• Manufacturing facility located in Moree, NSW.

Future Food – Plant capacity +20,000 t.p.a.
Ingredients – MD Warren Hannam
(50%) – Plant Manager, QA & Production staff.

• Nu-Soya technology exclusively licensed
worldwide from Byron Australia.
– Preparation of soy ingredients without the typical
soy taste.
• Sales, Marketing & Applications for NuSoya™
managed by Nu-Mega Ingredients.
– Business Development Manager, Sales Personnel,
Customer Service & Logistics and Applications
Technologists.
16
8
CREATING NEXT GENERATION
SOY INGREDIENTS
Expanding Product Range

• Range of Enzyme Active Soy ingredients
– Flours, Grits, Splits & Flakes
• Range of Nu- Soya™ ingredients
– Using a propriety process to produce whole
bean, bland flavoured Soy Ingredients
– Flours, Grits, Flakes & Toasted Flakes
• Certification
– Halal, Organic, Kosher, HACCP
17
FUTURE FOOD INGREDIENTS
• Increase Nu-Soya™ sales,

particularly in Asia. 2
• Increase product range to fully
utilize the plant. 1.6
• Identify specialty nutritional &/or 1.2
functional applications.
• Develop Asia for specialized 0.8
organic soy ingredients.
• Continued applications 0.4
development.
0
• Expand sales coverage.
1H08 1H09
• Control expenses.
• Move to profitability. Sales Revenue
18
9
CLOVER CORPORATION:
LOOKING TO THE FUTURE
• Meeting the challenge of an unsettled business environment.

• Modest sales increase anticipated in FY09.
• A clear focus on controlling expenditure.
• Looking to continued profitability.
• Expand the distribution and sales network in the America’s and
Europe in association with GTC Nutrition.
• Further develop sales in infant formula applications.
• Continue new product and applications development.
19
2009 “Rising Stars” Micro-Cap Conference

Sydney, 2 June 2009
THANK YOU
Questions?
Media Partner
20
10
Media partner
Microequities
2009 Rising Stars
Micro Cap Conference
eServGlobal Limited
ASX : ESV
LSE : ESG
Presented by
Mr. Ian Buddery (Executive Chairman)
SYDNEY HILTON, 2nd of June 2009
Our Role in Essence
 Telephone companies run complex communications networks

which connect and manage billions of phone calls instantly.
 IN software makes the network intelligent – providing services

as well as phone-calls. We build that software.
 eServGlobal specialises in charging and messaging

 Re-charging the balance of a pre-paid mobile phone
 Charging for calls, services and data in real time
 Voice mail, SMS messaging and content delivery
 Global IN market valued at US$2.6billion (2007) Gartner Dataquest

 Convergent billing market: US$0.5billion (2007) Juniper Research
p. 2 | Copyright © 2009 eServGlobal. All rights reserved.
1
eServGlobal provides exposure to…
Developing world  Our revenue: 77% Middle East / Asia
World‟s highest telecom growth rates

Middle East / Asia / Africa / Latin Am.
Payments revolution  Our revenue: 72% Charging & Recharge
In developing world, telcos are the new banks

Charging and recharge drive their cash flow
Software revolution  Our revenue: 100% software & related services
Telcos compete through promotions & services

Require ability to create personalized offerings
Big, sticky customers  Our customers: 100% telephone companies
Replacing network systems is high risk

Ongoing support annuities in all cases
Installed Base
90 Carriers in 54 Countries
2
Innovative portfolio of products:
Build flexible and creative solutions
Revenue Model
 Revenue breakdown
 Support (3-5 year contracts) 25%
 Installed base upgrades/expansion 60%
 New customer implementations 15%
 Revenue recognition according to IFRS % completion

 Days delivered vs. Total days in project plan
 Invoicing milestones at software delivery, provisional acceptance, final
acceptance
 Software licensed according to subscriber & call capacity
 Mobile payments platform however is a % of transaction

value
3
A history of performance
[AUD]
 Company established: 1991

 IPO: 2000
 Consistent relationships, long-term trust, no debt
p. 7 | Copyright © 2009 eServGlobal. All rights reserved. 1 AUD = ~0.74 USD (06 May 09)
Telecoms Market
4
Mobile Telecoms: Subscriber Growth
Mobile connections growth Growth of Mobile Connections & Teledensity

Global Africa Global
Emerging AP
7.42% CAGR 9% CAGR 7.42%
10% CAGR
CAGR
(Base unit: 2008 = 100 )
170
Global Teledensity (%)

160 100
150
140 80
130
120 70
110
100 60
2008 2009 2010 2011 2012 2013

Teledensity
Year from 59% to 80%
(6.28% CAGR)
Global Emerging AP Africa Teledensity

Teledensity right hand scale
‘Emerging AP’ = Asia Pacific, excluding OECD nations, China and India Data source: Ovum, Dec 2008
„Mobile relatively resistant to macroeconomic factors‟

‘Mobile services are becoming so affordable and pervasive that people
without mobile connectivity today will still seek mobile services and
those with a mobile will seek to protect their connection, potentially
at the expense of other spending.’ - Ovum, Dec 2008.
But Revenue Decline per Subscriber
 Revenue Stagnation
 Global slow down – effecting new subscriber growth
 How to stabilise Margin without sacrificing Revenue?
Source: Informa Telecoms & Media, 2007
5
Telecoms Industry Evolving…
 The introduction of IP in the Telecom Industry is

changing the competitive landscape:
! Losing control over the Value Chain
! Losing revenues from Value Added Services
! Losing subscriber ownership
An explosion of applications
 Differentiation?
 Or commoditisation?
6
… Something has changed…
 20th Century model

 Dozens of markets of millions of people
 21st Century model

 Millions of markets of dozens of people
Personalisation is Key !
“The 20th Century mass production world was
about dozens of markets of millions of people.
The 21st Century is all about millions of
markets of dozens of people”
Joe Kraus – Pioneer of the Internet
Our product approach is driven by our beliefs that…
 IP presents a threat to the telco business model

of today
 content and media are diverging
 it is not advantageous for telcos to try to “own”
the content or the apps.
 Value growth will be found in:
 Communications: Enabling social networks, interactions
 Content: Enabling personalised content and apps
 Converting this to revenue and profit growth will

require:
 Leveraging the charging relationship for transactions
 Leveraging account & network data to personalise offerings
7
New Products
Social Relationship Manager
8
Social Relationship Manager
Social Networking
Carrier Domain
Domain
0797449203
0797458493
0797458303
0797483030
Universal Service
0797458309
Platform 2.0
0793745272
07979783030
0797383030
0797583030
Acquire New Subscribers
 Diagram shows one-way friend links

David
 Who is the better target?
 Derek – one friend link?
 Lee – one friend link?

Peter
 James – four friend links?
 James already has many friends on

the network
Colin James‟s friends will persuade him to

Derek
switch networks
Key
Lee
One way
Two way Automated Referral Scheme
James converting Social Influence to $$$
9
p. 19 | Copyright © 2007
2009 eServGlobal. All rights reserved.
Remittance Market
 International Remittances exceed aid and foreign direct investment

 Flows reached US$320 billion and estimated to grow to US$700 billion by 2012
 Juniper Research study of 4 Feb 09 indicates that the mobile money transfer
market in the worst case scenario reaching $73bn by 2011.
 0.5 million banks, 1 million ATMs vs. 3 billion mobile subscribers worldwide
Receiving Remittance Informal Debit Cards

Country Value ($bn) Channel Per
Usage Est. (%) Population %
1 India 21.7 40% 1.6%
2 China 21.3 9.0%

 Highest sending countries: Middle East,
US, UK
3 Mexico 18.1 19.6%
4 France 12.7 69.2%
5 Philippines 11.6 38% 6.3%
6 Indonesia 5.2 5.3%  Top 10 receivers = 45% of total market

7 Brazil 5.0 61.8%
8 Pakistan 4.0 37% 0.2%

 Over 50% through informal channels
9 Morocco 3.6 4.1%
10 Bangladesh 4.8 54% <10%
Others 124.0
TOTAL 232.0 50%

Source: Team analysis
10
HomeSend: The Concept
 Global hubbing service offering cross border person-to-person transfer

 Mobile centric from sender to receiver
 One-time setup to reach the world (on top of world‟s largest GRX network)
 Single technical and commercial interface
 Fully compatible with any m-wallet system and bearer
 Combined solution for:
 Airtime exchange (airtime to airtime & m-wallet to airtime)
 Remittance (m-wallet to m-wallet)
 Roaming recharge – top up (ATM recharge & POS recharge)
HomeSend: Key Differentiators
Mobile Centric from Sender to Receiver

Historical Hubbing Business (Belgacom ICS)
Interoperable with Different m-Wallet or
Recharge Systems & Bearers
Transparent Exchange Rate
In Line with Emerging Industry Standards
GSMA & World Bank Endorsement
11
eServ as a mobile commerce enabler
 Today, our systems charge over US$4b every month of

telecoms traffic and payments
 Mobile transactions & commerce

 Mobile handset is the ATM + POS + eCash device in the developing
world
 6 times more handsets than bank accounts
 Operators need solutions, want revenue-sharing ventures
 1/3rd of the world‟s mobile subscribers

 eServ has unique footprint
 eServ is delivering solutions today
 Deep telco + deep financial knowledge

 Massive scale, 99.999% reliability
 Integrated with major banking networks
www.eservglobal.com
12
Media partner
Microequities
2009 Rising Stars
QMASTOR Limited
ASX : QML
Presented by
Mr. Trent Bagnall (Managing Director)
This presentation contains forward-looking statements concerning the future

performance of QMASTOR’s business, its operations, and its financial performance
and condition. These forward-looking statements are based on management’s current
expectations and judgment. The Company cautions readers that all forward-looking
information is inherently uncertain and actual results may differ materially from the
assumptions, estimates, or expectations reflected or contained in the forward-looking
information, and that actual future performance will be affected by a number of factors,
including but not limited to economic conditions, technological change, and changes in
competitive factors, many of which are beyond the Company’s control.
1
Vision
To be the leading bulk materials
management information systems and
services provider to the global mining,
port, power generation & other bulk
commodity industries.
Mission
To facilitate operational excellence
through the application of QMASTOR
products in partnership with our
customers.
PORTFOLIO
Software Products:
Pit to Port.net®
Complete supply chain management
SMS3D.net ®
3D stockpile management
Horizon ™
Advanced Planning and Scheduling
iFuse ®
Data Integration and Management
2
CLIENTS
Strong tier 1 clients diversified across commodities and sectors
OPERATIONAL REVIEW
QMASTOR systems are now contracted to manage over

500 million tonnes of bulk commodity movements per annum.
3
KEY HIGHLIGHTS
1st Half Highlights
 Revenue $4.97M,
 EBITDA $1.44M and Net Profit After Tax $1.07M
 EPS share growth to 2.66 cents, up 187%
 Positive cash generation in the half of $324K
 Half Year Dividend of 1.0 Cents Per Share
KEY SALES HIGHLIGHTS
Important new sales to Mines & Ports during the current year
 NCIG (Newcastle) and DBCT (Mackay)
 2 Large iron ore Ports in Western Australia
 Vale Inco Installation at Goro Nickel Mine
 Major installation at Jim Walter Resources in the USA.
 JWR will provide entry into the North American market
4
KEY STRATEGIC HIGHLIGHTS
 Perth, Mackay and South African offices opened

and producing revenue
 The release of Horizon APS and exciting market response
 Product diversification in scheduling with Horizon APS
 Customer diversification in ports & infrastructure
 Advanced Planning & Scheduling system enabling complete

supply chain optimisation
 For Process Plants; Vessel/Berth scheduling transportation

and stockyard scheduling.
 Currently being deployed at

Onesteel; 2 Iron Ore Ports in WA
NCIG, and Jim Walter Resources
10
5
 Acquisition of Coal Link Australia completed in May 09
 Profitable niche provider of bulk commodity management
services.
 Acquired at an estimated 3.5 NPAT
 Adds to potential QMASTOR customer base
 Will enhance QMASTOR IP in the Port logistics space
 QML Services will on sell QMASTOR technology to their new
and existing client base.
 QMASTOR will sell QML services to QMASTOR client base.
11
COMPANY STRATEGY
 The need for the company to become sizably bigger
 Organically growing the company remains the prime focus
 We are expecting further M&A activity
 Growing our presence both here and overseas
 Continuing product innovation to fulfill demand
 Maintaining a high level of customer service.
12
6
OUTLOOK
 On track for guidance of 3.25-4.0 cents per share
 Slower activity in second half
 QMASTOR is employing defensive strategies in relation to

the GFC including looking seriously at costs
 Maintaining capability is considered a high priority
 Organic Growth still remains the focus including

international expansion
13
End
7
Media partner
Microequities
2009 Rising Stars
DWS Advanced Business Solutions
ASX : DWS
Presented by
Mr. Lachlan Armstrong (CFO)
Presentation
1) Intro to DWS & History
2) Our Business Model
3) HY2009 Highlights
4) Regional Update
5) Outlook
6) Summary
7) Q&A
1
Intro to DWS
DWS is a professional IT services company that provides IT solutions across
the whole SDLC, from a project’s inception, through to post-implementation
support and ongoing maintenance.
History
Current Presence in VIC, NSW, QLD, SA, ACT Currently employ 530 people
2008
2008 Jan - Acquired Strategic Data Management (SDM)
2007 July - Acquired Equest Consulting in NSW
2007 April - Acquired GlobalSoft Australia in NSW
2007
2007 Jan - Opened Brisbane office
2006 Jun - Listed on the Australian Stock Exchange (ASX:DWS)
2006 2006 Jan - Acquired Turnaround Solutions to have a NSW presence
2005
1991-2005 - consecutive growth year on year
1991
1991 - Commenced in Melbourne
2
Our Business Model
Underpinned by Value
How does our business model help us outperform in a recession?
HY2009 Highlights
Financial highlights:
■ Total Rev $44.03M

■ EBITDA $10.47M
■ NPAT $7.22M
■ 3.5cent interim dividend
■ Maintained strong balance sheet with zero debt
■ Completed integration of Strategic Data Management into DWS’ existing
regional operations
■ Two new non-executive directors to strengthen our Board
■ Finished the H1 539 staff nation wide
3
Regional Update
■ QLD
■ _
■ _
■ NSW
■ _
■ _
■ VIC
■ _
■ _
■ SA & ACT
■ _
■ _
Operational Outlook
■ Current eco environment will present challenges and
opportunities
■ Spend in our clients has been maintained YTD
■ Smaller market participants are struggling thereby producing
organic expansion opportunities for DWS
■ Some clients are rationalising suppliers thereby creating
opportunities for DWS
4
Financial Outlook
■ In H2 FY2009 and in FY2010 the focus is on:
■ Maintaining strong utilisation (key driver of gross profit)
■ Ensuring we maintain a strong balance sheet
■ Cost mitigation across all regions
■ Continued delivery of client satisfaction
Summary
Our Model will continue to perform strongly
■ Disciplined business model based on VALUE:

■ Not being opportunistic in our pricing
■ Recruiting carefully
■ Maintaining our long term client relationships
■ Sound fiscal management
5
Media partner
Thank you
Q&A
6
Media partner
Microequities
2009 Rising Stars
Manaccom Corporation Limited
ASX : MNL
Presented by
Mr. Mike Veverka (Chief Executive Officer)
The Business
Online Lotteries Division Distribution and Software
Publishing Division
Investment in the growing Investment in the growing

Online Lotteries Industry Security Software Industry
1
Revenue
$40,000,000
$30,000,000
$20,000,000
$10,000,000
$0
FY 05 FY 06 FY 07 FY 08
FY 08 Actual NPAT
Revenue $37.8 million $2.0 mil from trading.
$0.7 mil from once-off
EBITDA $2.87 million
tax benefit.
NPAT $2.7 million
EPS 4.7c
Online Lotteries Division

• Retails popular Australian lotteries online via
www.ozlotteries.com and in 5 Pacific countries.
• Exclusive 5 year agreement with NSW Lotteries to

2013 making Ozlotteries the official online channel
for NSW Residents.
• Additional 5 year agreement with Tattersalls to

2013.
• Partnership Agreement with NineMSN.
• Unique: The only independent operator permitted

to sell lotteries over the Internet.
2
Distribution & Software Publishing
 Established in 1986
(business acquired Sep 07).
 Software publisher and distributor.

Licensed to market and distribute popular
software packages into leading retailers.
 Exclusive 3 year agreement with McAfee to 2012.
 Strong relationships with major retailers

(Harvey Norman Software Supplier of the Year).
Divisional Split
Revenue (Half year comparison) Profit before tax
$18,000,000 $1,200,000
$16,000,000
Online Lotteries Distribution
$1,000,000
$14,000,000
$12,000,000 $800,000
$10,000,000 Online
Distribution $600,000
$8,000,000 Lotteries
$6,000,000 $400,000
$4,000,000
$200,000
$2,000,000
$0 $0
HY Dec 07 HY Dec 08 HY Dec 07 HY Dec 08
• NSW Lotteries contract started AFTER Dec 08.
• Distribution business also showing strong growth.

McAfee contract expected to improve results.
3
Dividends
• 1.0c fully franked paid for FY 08
• 0.5c fully franked paid for HY Dec 08
• Dividends at least 20% NPAT
• 43 million shares on issue.
• 3.5 million Employee Share Options at 50c
1.2
1.0
0.8
0.6
0.4
0.2
0.0
FY 08 FY 09 (First Half)
Valuation PE
NPAT PE Market Cap Share Price
2.5 5 12.5m 30c
2.5 10 25.0m 60c
2.5 15 37.5m 90c
3.0 5 15m 35c

3.0 10 30m 70c
3.0 15 45m $1.05
3.5 5 17.5m 40c

3.5 10 35.0m 80c
3.5 15 52.5m $1.20
4
Current Share Price
1.00
0.90
Share price level if PE = 15 
0.80
0.70
(based on NPAT $2.5 mil)
0.60
0.50 Share price level if PE = 10 
0.40
0.30
0.20
0.10 Share price level if PE = 5 
0.00
What will drive growth?

1. UK online lotteries estimated to generate
AUD$750 mil (7% market share.)
2. Australian online lotteries estimated to generate
AUD$110 mil (3% market share.)
3. Manaccom has 4.5 year left to run on exclusive NSW
Lotteries deal.
4. Distribution & Software Publishing division to capitalise on
the exclusive McAfee deal (3 years left to run).
5. Good market for IT acquisitions.
5
Balance Sheet Debt / Equity
32%
31 Dec 08
Current Assets $8.7 million
Non-current Assets 13.7
Total Assets 22.4
Current Liabilities 6.2
Non-current Liabilities 3.7
Total Liabilities 9.9
NET ASSETS 12.5
The Board
Chairman:
David Barwick
Deputy Chairman:
Ian Mackay
CEO & Executive Director:

Mike Veverka
6
Summary
 Positioning for Quick Recovery of share price.
 Solid factors driving profit in 2010.
 Aiming for dividend growth.
For further information, please contact:
Mike Veverka
(07) 3331 5999
7
Media partner
Microequities
2009 Rising Stars
Lindsay Australia Limited
ASX : LAU
Presented by
Mr. Kim Lindsay (Managing Director) &
Mr. Graham Johnston (CFO)
Outline of Presentation
•About Lindsay Australia

•Equity Structure
•Structure/Products
•Financials
1
About Lindsay Australia
• We are an integrated transport,
logistics and rural supply company
with a specific focus on servicing
major customers in the food
processing, food services, fresh
produce, rural and horticultural
sectors
About Lindsay Australia

• Emerged in current form in December
2002
• At this time existing ASX listed company
which owned half of the Rural Business
acquired the half of the Rural Business
that it did not own from Amcor and the
Transport Business from the Lindsay
family
• Lindsay Transport established in 1953
• Lindsay Rural established in 1984
2
Equity Structure
• 153 million shares on issue
• Market Capitalisation at 18 cents
per share –$28 million
• Three major shareholder groups
• Amcor 16%
• Mulawa Holdings 17% (2005)
• Lindsay Family 26%
Products/Services
• Two major products/services
• Transport –principally refrigerated
produce and processed food
• Rural Merchandising –major products-
packaging, nutrients, chemicals, fertiliser
• Some of the customer base is common
to both Transport and Rural
• Approximately 90% of revenue derived
from food or food related customers
3
Products/Services
• While food related products are

stable there is seasonality in the
revenue cycle
• Revenue and profitability correlate
with harvest times
• Peak harvest times are April-June
and October-December
Products/Services
• With common customers objective
is to provide a total Rural solution
• Costs savings achievable for
customers when all products can be
provided
• Managers are trained in both
Transport and Rural where
applicable
4
Products/Services
• Group operates from 34 locations
from Adelaide to Innisfail
• Expansion direction at present is in
Northern Australia in areas with
consistent rainfall
• Customers include all major
grocery retailers and major chilled
and frozen food manufacturers
5
Fleet
• B-doubles (refrigerated and dry)
• Single trailer (refrigerated and dry)
• Pick up and delivery fleet (refrigerated and dry)
• Repair and maintenance in-house specialist or authorised
external service providers
• Workshop and wash bays
• No off balance sheet financing
• All prime movers and most rigids have satellite tracking
• National Transport Office controls all truck movements on
a 24/7 basis
6
Fleet
TYPE NO.
Prime Movers 223
Vans 286
Trailers & Tautliners 131
Rigids 92
Forklifts 110
Transport Operational Statistics

• Annual Freight>1.5 million Tonnes
• Total kilometres >45 million per
annum
• Annual Fuel >28 million Litres
• 550 Employees
• All drivers covered by Workplace
Agreements
• Fatigue, Maintenance and Mass
accredited
7
Transport Expansion
• Mildura & Robinvale area in 2003
• Adelaide in 2006
• Proposing to increase coverage in
North Queensland
• Shift to B/Doubles now
approximately 113 trailers sets in
fleet
• Increase in ambient freight fleet
Transport Environment
• Lindsay Transport is a member of the
Federal Government’s Greenhouse
Challenge and Energy Efficiency
Opportunities Scheme
• Both schemes require public reporting
• We have a Four-pronged strategy
1. Use of technology
2. Preventative maintenance
3. Load maximisation (B/Doubles)
4. Route planning
8
Transport Key Drivers
• Operational performance (on-time
delivery)
• Customer yield
• Balanced freight
• Load Maximisation (B/Doubles)
• Embracing fatigue management
• Proper equipment maintenance and
specifications
• Ability to pass on fuel price
movements
Rural Operational Statistics

• Approximately 24 million
packages sold each year
• 110 Employees
• HACCP and Agsafe accredited
• Product mix is Packaging 29%
Fertilser 24%, Chemicals 20%,
Nutrients 10%, Other 17%
9
Rural Expansion
• Mildura and Robinvale 2003
• Renmark 2004
• Shepparton 2007
• Innisfail 2008
• Gatton 2008
• Focus is to expand packaging in
conjunction with Amcor
Rural Key Drivers

• Sales Growth
• Customer Service
• Margin maintenance and
improvement
• Stock control
• Labour and Property cost control
10
Financial
Financial Year 2008 2007
$000’s $000’s
Revenue 196,219 184,531
EBITDA 17,835 18,423
EBITDA % 9.1% 10.0%
Finance Costs 4,078 3,662
Profit after Tax 2,003 3,477
Depreciation & 10,830 10,022
Amortisation
Financial
Financial Year 2008 Transport Rural
$000’s $000’s
Revenue 129,621 67,253
Segment Profit 7,733 4,449
Segment Assets 82,585 31,402
11
Financial
• Financial Year 2009 ASX guidance
$3.6 to $4.1 Million
• Half year ended 31 December
After tax Profit of $2.427 million
2007 $1.289 million
• Total revenue increased 19% to
$115 million
• EBITDA 10.8 million at 9.4%
Balance Sheet
$000’s
Total assets 31 December 114,460
Equity 31 December 36,053
Net debt 31 December 51,919
Gearing (net debt/net debt + 57%
equity)
12
Media partner
Microequities
2009 Rising Stars
Amcom Telecommunications Limited
ASX : AMM
Presented by
Mr. Clive Stein (Managing Director)
Amcom’s Telco Position
Essential fibre-based internet & networks to its

customers delivered through fibre based networks
Owns over 1,500km of fibre network infrastructure

and accesses over 1,000 buildings
The 2nd largest city based fibre network operator

outside the eastern seaboard
Amcom’s primary customers

Government departments
Other Telco providers
Corporates across all industry segments
2
1
Corporate Structure
Sustaining Strong Growth

Revenue EBITDA EBIT
** ** **
$m $m $m
44.5 14.2
36.7 9.0
10.4 35% 50%
16%
8.5 5.8 5.7
25.0
21.6 6.3
19.1 4.7 3.8
2.6
FY07 FY08 1H09 FY07 FY08 1H09 FY07 FY08 1H09
Strong performance in fibre division driving growth in earnings
EBITDA margin – expanded from 29% to 34%
Momentum to continue with guidance of at least 25% NPAT* growth for FY09
* NPAT guidance excludes equity accounted earnings of associates and significant items
** Exclude Projects
4
2
Recurring Billing Base
Transparent view of performance Recurring Billing Base
Two year contracts
$46.7m billings over next 12 months

plus variable billings
Lead indicator guides future

performance - Guidance
Financial Performance 1H09

$m 1H09 1H08 Var %
Revenue 25.0 21.8 15

Rev. (excl projects) 24.9 20.9 19
EBITDA 8.5 6.3 35
NPBT 4.9 3.4 42
NPAT* 3.5 2.4 48
Equity Accounting Earnings 2.6 2.0 26
NPAT** 6.1 4.4 38

Significant Item: Buy back & (1.5) -
sell down costs (net of tax)
NPAT (as reported) 4.6 4.4 3
EPS 0.85c 0.87c
Dividend 0.3c 0.3c
* Net profit after tax before equity accounted earnings and significant item
** Net profit after tax including equity accounted earnings but before significant item
6
3
Cash Flow
$m 1H09 1H08
EBITDA 8.5 6.3

Tax (1.3) (1.4)
Interest (0.8) (0.5)
iiNet dividend 1.4 1.3
Working capital 1.6 0.6
Operating Cash Flow 9.5 6.3
Increase in operating cash flow of 49% to $9.5m

Increasing operating cash flow reflective of annuity style
of revenue base
Balance Sheet
1H09 1H08
Shareholders’ equity 103.1m 91.6m
Net debt 15.6m 11.6m
NTA per share 16.4c 15.1c
Interest cover (EBITDA/Interest) 11 x 16 x
Gearing* 13% 11%
*Net debt /(Net debt+shareholders’ equity)
Low gearing providing balance sheet flexibility

$30m Bank facilities in place long term
4
How Customers use Amcom’s network
Head Internet
Office
Interstate
Office
Fibre Network
Branch
Office
Data Centre
Strategic Assets
Perth Adelaide Darwin

1,260km fibre 180km fibre 60km fibre
954 buildings 118 buildings 12 buildings
30 DSLAMs 7 DSLAMs
Replacement cost > $100m

10
5
Diverse Revenue Base
Wholesale (Telco) Wholesale (Reseller) Education Government Financial Services
16 % 13 % 4% 25 % 5%
“ Fibre, an essential service for today’s business ”

Mining & Resources Retail & Trade Building & Construction Professional Services
16 % 5% 5% 12 %
Fibre Division – Driving profit growth

$m 1H09 1H08 Var %
Revenue 17.0 14.4 18
Rev. (excl projects) 16.9 13.5 26
EBITDA 8.1 6.3 29
EBIT 5.8 4.3 35
EBITDA/Revenue Margin 47% 44% 3
Strong annualised sales of $5.5m in 1H09

Revenue excluding projects up 26%
Margin improvement driven by revenue growth with low incremental cost
Growing recurring revenue generated across diverse customer base
12
6
Open Share Register
Futuris 50% exit from Amcom Register
Selldown - Strong demand from

Institutional Investors
Open Register
Current Share Register
13
Summary
Opportunity to drive market share in Perth & Adelaide with low

incremental cost
Strong lead indicators -$46.7m recurring billing spread across a diverse

customer base
Established and proven business model
Growing demand for data services, especially fibre “essential service”
Strong balance sheet
FY09 guidance maintained - grow NPAT* at least 25% to $7.1m, plus

earnings of associates
* NPAT guidance excludes equity accounted earnings of associates and significant items
14
7
Disclaimer
Some of the statements in this presentation constitute “forward-looking statements” that

do not directly or exclusively relate to historical facts. These forward-looking statements
reflect Amcom Telecommunications Limited’s current intentions, plans, expectations,
assumptions and beliefs about future events and are subject to risks, uncertainties and
other factors, many of which are outside Amcom Telecommunications Limited’s control.
Important factors that could cause actual results to differ materially from the expectations
expressed or implied in the forward-looking statements include known and unknown risks.
Because actual results could differ materially from Amcom Telecommunications Limited’s
current intentions, plans, expectations, assumptions and beliefs about the future, you are
urged to view all forward-looking statements contained in this presentation with caution.
This management presentation may not be copied or otherwise reproduced.
15
8
Media partner
Microequities
2009 Rising Stars
ipernica ltd
ASX : IPR
Presented by
Mr Graham Griffiths (Managing Director)
Business Focus
Identify and negotiate a

commercial interest in
Investment in Defence of
valuable IP
innovative IP IP rights
1
Business Framework
No. 1 IP commercialisation company in Asia-Pacific
Financial Performance
FY FY Dec 31 ’08
2007 2008 Half Year
Revenue $21.3M $45.2M $2.6M

Profit Before Tax $5.5M $17.9M $0.1M
Net Profit After Tax $4.4M $15.2M $0.0M
Earnings Per Share 1.79c 5.8c 0.02c
Net Equity $12M $28M $31M
Dividend Per Share - 1.0c -
Cash at Bank $21.6M (at 31 Mar 2009)
• No external bank debt, no capital raising plans

• Strong foundation for sustainable profit & growth
2
Capital Structure & Shareholders
Shares 322.6 million
Employee Share Option Program 30.7 million (av. price 17.3c)
Investor Options 12.5 million (price 40c, expiry Nov 2011)
Major Shareholders (as at 30 April 2009)

Ross Norgard (Non-Exec Chairman IPR) 14.9%
Stuart Nixon (CEO NearMap) 12.1%
Planetek Italia s.r.l. 4.9%
Alison Farrelly 3.6%
Paul Farrelly (former CFO) 3.1%
ETR Nominees 2.8%
Board of Directors
Ross Norgard (Non Exec. Chairman)
• Former managing partner of a “Big 4” accounting firm
• Multiple Directorships eg BRM
Karl-Christian Agerup (Non Exec. Director)

• International media and venture capital executive career
• Director of Schibsted ASA (Scandanavian media group)
Dr Mary O’Kane (Non Exec. Director))

• Chairperson Spatial Cooperative Research Centre
• Past board member of CSIRO and F.H. Faulding
• Panel member Federal Govt National Innovation System Review
• Chief Scientist NSW
Conrad Crisafulli (Non Exec. Director)
• Former Director Curtin University
• Director of several start up technology ventures
Graham Griffiths (Managing Director)

• 30+ years experience commercialising technology
• Held senior positions with AT&T (US) and NCR (Asia Pacific)
3
ipernica Management Team
Graham Griffiths (Managing Director)
Trevor O’Connor (Chief Financial Officer & Company Secretary) : CA

• Experience in all facets of financial accounting across several industries
• Skills in due diligence, valuation, financial modelling, capital raisings, etc
Jonathan Lawe Davies (General Counsel) :

LLB, Master of Laws (IP), BSc
• Specialist in IP and IT Law
• Over 14 years of international technology licensing
• Former legal counsel Amazon.com
• 100% owned IPR subsidiary
4
Innovation
Cost effective solution to create & serve very high

resolution aerial photomaps with multiple angle views
9
Captured over time
10
5
Importance of Frequency,
Resolution & Multi View
11
Who Cares? : Govt & Industry
Infrastructure planning Climate change Asset Management
Land Use Insurance Emergency Response
12
6
Who Cares?
Real estate
etc
Tourism
The Consumer
Advertising
13
Board of Directors
Rob Newman (Non Exec Director )
• High Tech entrepreneur in Australia and Silicon Valley
• Built two businesses with a combined value of $200M
• Venture capital investor
Karl-Christian Agerup (Non Exec Director)

• International media and venture capital executive career
• Director of Schibsted ASA (Scandanavian media group)
Stuart Nixon (Chief Executive Officer & Founder Nearmap)

• Internationally recognized for setting global standard for geospatial
image formatting (ECW format)
• CEO & Founder of Earth Resource Mapping Ltd (ER Mapper)
Ross Norgard (Non Exec Director)

• Former managing partner of a “Big 4” accounting firm
• Multiple Directorships eg IPR, BRM
Graham Griffiths (Managing Director ipernica)

14
7
Management Team
Stuart Nixon (Chief Executive Officer & Founder)
• Internationally recognized for setting global standard for
geospatial image formatting (ECW format)
• CEO & Founder of Earth Resource Mapping Ltd (ER Mapper)
• Honorary Fellow of Spatial Sciences Institute of Australia
Guy Perkins (Chief Operating Officer) :

Bachelor of Engineering
• International geospatial industry leader
• Former Senior Vice President, Asia Pacific, ERDAS Pty Ltd
• Former CEO & Director (US & Europe) Operations ER Mapper
• Former Managing Director ESRI Australia
Simon Cope (Chief Technical Officer) :

BSc Computer Systems and Electronics
• Industry respected geospatial technology leader
• Former Chief Technologist, ERDAS Pty Ltd
• Former Chief Software Architect, ER Mapper Ltd
15
The Opportunity
• Revolutionary Photomap “Capture – Process – Serve” process
• Booming global new media (US$400 billion) industry
• Consumer demand for location sensitive content (& advertising)
• Govt infrastructure spending initiatives
• Compelling return on investment for many commercial
applications
• Media company geospatial M&A
– Microsoft purchased Vexcel
– Google purchased Image America
16
8
R&D and Deployment
• End to end “Capture – Process – Serve” solution in

final stages of development / quality assurance
• Further Patent applications progressing
• Capture system CASA certified
• Test City : 18 month time series of very high
resolution photomaps of Perth & surrounds captured
• Capture rollout to other Australian cities underway
• Commercial release of web portal Q4 calendar 2009
• Highly scalable for international deployment
17

MicroEquities Rising Stars Conference 2009

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2009 “Rising Stars”

CLOVER CORPORATION ASX:CLV (FOOD SCIENCE)

eServeGlobal ASX:ESV (SOFTWARE)

QMASTOR (MINING SOFTWARE) ASX:QML (SOFTWARE)

DWS LTD ASX:DWS (IT SERVICES)

MANACCOM ASX:MNL (INTERNET & SOFTWARE)

LINDSAY AUSTRALIA ASX:LAU (TRANSPORT)

AMCOM TELECOM ASX:AMM (TELECOMMUNICATIONS)

IPERNICA ASX:IPR (IP ASSERTION AND MEDIA TECHNOLOGIES)

‘2009 Rising Stars’ MICRO CAP CONFERENCE

9:50-10:30 h. ESERVGLOBAL Ltd Ian Budderry – Executive Chairman

9:50-10:30 h. Morning Coffee Break

11:00-11:40 h. QMASTOR LTD Trent Bagnall - CEO

11:40-12:20 h. DWS LTD Lachlan Armstrong - CFO

12:20-13:30 h. LUNCH BUFFET

13:30-14:10 h. MANACCOM CORPORATION Mike Verveka - CEO

14:10-14:50 h. LINDSAY AUSTRALIA Kim Lindsay– MD

14:50-15:20 h. Afternoon Coffee Break

15:20-16:00 h. AMCOM LTD Clive Stein- CEO

16:00-16:40 h. IPERNICA LTD Graham Griffiths- MD

Unleashing the value of Micro Cap Companies

2009 “Rising Stars” Micro-Cap Conference

Clover Corporation (CLV) provides nutritional and functional ingredients for

Shares on issue 165.18 million 165.18 million

Total contributed equity $32.92 million $32.92 million

Market capitalization $33.04 million $17.34 million

Cash total $10.759 million $10.960 million

Sales Revenue $21.619 million $16.469 million

Total Revenue $22.928 million $17.664 million

Clover Corporation is increasing its revenue base and is debt-free

As per Annual Reports # Last sale 22/5/09 5

EBITDA $2.272 million $537,000

Profit $4.135 million $635,000

EPS 2.5 cents/share 0.38 cents/share

Top 20 shareholders 59.75% of shares 55.1% of shares

Dividend of 1 cent per share paid in November 2008

As per Clover Corporation 6

Net Profit Tax Credit

As per Clover Corporation Annual 7

Summary Interim Results:

HY’09 HY’08 Variance

Revenue $9.603M $9.989M Down3.9%

EBIT $2.064M $1.169M Up 76%

NPAT $1.609M $0.685M Up 134%

• Primary interest in the provision of HiDHA®

CLINICAL RESEARCH &

SALES OFFICE MANUFACTURING SITE AGENTS

WHERE DOES NU-MEGA SELL

Australia/New Zealand 39%

DELIVERING ON FY09 PRIORITIES

• Consolidate improved sales in infant formula applications.

• Increase sales in value added applications.

FUTURE FOOD INGREDIENTS (FFI)

• Manufacturing facility located in Moree, NSW.

(50%) – Plant Manager, QA & Production staff.

Expanding Product Range

FUTURE FOOD INGREDIENTS

• Increase Nu-Soya™ sales,

• Meeting the challenge of an unsettled business environment.

2009 “Rising Stars” Micro-Cap Conference

Our Role in Essence

 Telephone companies run complex communications networks

 IN software makes the network intelligent – providing services

 eServGlobal specialises in charging and messaging