ESG Eservglobal Limited

RNS Number:9991K
eServGlobal Limited
25 October 2006


Sydney 25 October, 2006


eServGlobal Limited 2006 Annual General Meeting : Chairman's Address


Ladies and Gentlemen,


2006 was a year of dramatic transformation and success for eServGlobal.


The merger of eServGlobal and Ferma SA in late 2005 was a significant
undertaking which brought together two companies with deep history in the
international telecommunications marketplace.  Our task was eased by the logical
fit of our products and technology and the fact that we both addressed the same
types of customers with a very similar value proposition.


As a result of the merger, we have moved from a niche supplier of switch network
software technology to a position of leadership in charging and messaging for
the global telecommunications industry.  We truly are the "cash register" of the
modern telecoms carrier, bringing together the technology of the telephone
network with payments and charging.


We have more than doubled the scale of the business. With 8 months contribution
from the former Ferma operation, we lifted revenue in 2006 to $95 million and
EBITDA to $10 million.  For the second year in a row, we are paying a dividend,
increased to 1.2 cents per share.  We are delighted to demonstrate our
commitment and ability to return value to our shareholders.


Our current revenue forecast for the first half of the 2007 year is above $60
million and we expect an excellent full year result, with growth in every area.


As usual, we added several new customer accounts and completed major new
rollouts during 2006.  Our success in the Next Generation Network (NGN) market
is a key foundation of our long term growth strategy, a strategy that we believe
will secure our position as the largest independent supplier of network
intelligence solutions.


Our share price weakened following a difficult first half and we are aware of
the need to produce assured results in future.  We are encouraged by new
investor interest over recent months, however we take the view that the full
value of the company will only be achieved by consistently delivering profitable
growth over the long term


Our company today has a management team of immense collective experience, mature
internal processes and world-leading technology.  Never before have we presented
such strength to our customers, never before have we had such a significant role
in our industry.  We now have every opportunity to deliver the results our
shareholders expect and every confidence that we can exceed those expectations.


I will now ask our Chief Executive, Dr Roger Agniel, to address you.



Ian Buddery
Executive Chairman


About eServGlobal

eServGlobal (LSE:ESG & ASX:ESV) specializes in enhanced multimedia communication
services and real-time multi-networks control solutions. Our systems enable
Service Providers to maximize today's proven revenue streams whilst ensuring
service continuity and new revenue opportunities when evolving to next
generation networks.


eServGlobal solutions are designed for use in all types of networks from fixed
to mobile to NGN/IMS. eServGlobal provides cost-effective and reliable
multimedia messaging delivery from voice to video mail; from SMS routing,
antispam control and value-added services to instant messaging and presence
services. eServGlobal delivers the most advanced prepaid top-up methods and
real-time rating enabling innovative marketing and prepaid-postpaid convergence


Headquartered in Sydney, eServGlobal has operations in 15 countries worldwide.
More than 75 Service Providers in over 50 countries are taking advantage of our
advanced solutions and multi-network expertise to successfully address their
business challenges.


More information can be found at: http://www.eservglobal.com


Cautionary statements

Statements in this document expressing the beliefs and expectations of
management regarding future performance are "forward-looking statements" within
the meaning of the United States Private Securities Litigation Reform Act of
1995. These statements are based on management's expectations as of the date of
this document and are subject to uncertainty and changes in circumstances.
Actual results may differ materially from these expectations due to risks and
uncertainties including, but not limited to, uncertainty in communications
spending, the implementation of the Company's strategic repositioning and market
acceptance of the Company's new solutions strategy, six-monthly fluctuations in
financial results, the Company's ability to exploit fully the value of its
technology and its strategic partnerships and alliances, the availability of
products from product component vendors and other risks.  In addition, while
management may elect to update forward-looking statements at some point in the
future, management specifically disclaims any obligation to do so, even if its
estimates change. Any reference to our website in this press release is not
intended to incorporate the contents thereof into this press release or any
other public announcement.


                      This information is provided by RNS
            The company news service from the London Stock Exchange
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