ESG Eservglobal Limited

RNS Number:2205S
eServGlobal Limited
05 October 2005


Sydney, Australia - 5 October 2005

Further Information on Plans to Acquire a Leading Provider of Value Added
Services Software for Telecommunications Carriers.

eServGlobal Limited (ASX: ESV and LSE: ESG), a worldwide supplier of independent
and flexible network intelligence systems, announced on 29 September 2005 that
it is in discussions that may lead to the acquisition by eServGlobal of Ferma SA
("Ferma"), a privately held French company that is a leading worldwide provider
of telecommunications value added services software.  Further to that
announcement, eServGlobal Limited ("The Company") now sets out further
particulars of the Acquisition pursuant to the provisions of Schedule 4 to the
AIM Rules of the London Stock Exchange.

Summary information on Ferma

Ferma is a leader in pre-paid credit recharging and voicemail in the mobile
telecommunications market.  It is headquartered in Europe and has traded for
over 20 years. Ferma's service platform is widely used, and it provides products
and services to over 60 carriers in over 40 countries, with no overlap with
existing customers of the Company; in particular, Ferma is strong in developing
markets, including China. Accordingly, the directors consider that Ferma's
business is complementary to that of the Company, which is principally focused
on charging and messaging.

The Company is currently undertaking due diligence on Ferma and the information
relating to Ferma contained in this announcement is based on information that
has been provided to it to date. The vendors of Ferma, and Ferma, have agreed to
deal exclusively with the Company in relation to the potential acquisition from
the date of this announcement and the Company has made a non-refundable part
payment to the vendors of EUR 1m. An AIM admission document relating to the
company will be published once the due diligence exercise has been completed and
a definitive purchase agreement has been entered into.

Summary financial information on Ferma

Summary financial information provided by Ferma is set out below:

Financial Year to 31 August


Historical Performance           2003                  2004                  2005
                                 (AUD millions)        (AUD millions)        (AUD millions)

Revenue                          59.8                  58.9                  70.7
Gross Profit                     38.5                  42.6                  51.1
Operating Costs                  32.5                  34.9                  43.8
EBITDA                           6.0                   7.7                   7.3
Depreciation & Other             2.2                   0.6                   1.6
Tax                              1.4                   3.0                   1.7
Net Profit                       2.4                   4.1                   4.0


The above figures have all been provided to the Company by Ferma.

The 2003 and 2004 numbers are unaudited and based on the  relevant GAAP
statutory accounts of Ferma but include certain pro forma adjustments.

The 2005 numbers are unaudited.

The Admission Document will contain the statutory accounts of Ferma.

Exchange rate used: 1.5887 Australian dollars to one Euro

The directors have been advised by Ferma that during the financial year ended 31
August 2005 (in respect of which only unaudited financial information is
available to the Company), Ferma achieved approximately 20 per cent. annual
revenue growth (as compared to the financial period ended 31 August 2004) at
approximately 10 per cent EBITDA margin.

Summary information on the principal terms of the proposed acquisition

The consideration for the Acquisition (which will be of the entire issued share
capital of Ferma) is expected to be EUR 38 million (approximately GBP 26 million
(based on an exchange rate of approximately EUR 1.46 : GBP 1)) on a cash and
debt free basis. The consideration will be paid by the Company in cash. The
Acquisition will be funded by a #25.2 million (approximately EUR 36.79 million,
based on an exchange rate of approximately EUR 1.46 : GBP 1) placing of shares
by the Company with existing and new institutional shareholders, arranged and
underwritten by Numis Securities Limited, with the remaining Euro 1.21 million
being provided from the Company's existing cash resources The Acquisition and
placing is conditional on, amongst other matters, further due diligence by the
Company on Ferma, the negotiation and agreement of a definitive purchase
agreement and the approval of the Company's shareholders at an extraordinary
general meeting (EGM), which is due to take place on 28th October 2005. An AIM
admission document will be sent to shareholders prior to the EGM, at which point
it is expected that the AIM share suspension that was announced on 29 September
will cease. If it proceeds, it is expected that the Acquisition will complete on
or before 31 October 2005.

Summary information on the Company's integration plans for Ferma

If the Acquisition proceeds, the directors expect that the Company will
productively utilise the full resources of the combined organisations. It is not
anticipated that there will be any material restructuring costs associated with
the integration of Ferma into the Company's group.


Enquiries:

eServGlobal
John M Hartigan                            +61 (0) 2 9364 2700

Numis Securities Limited                 +44 (0) 20 7776 1500
Jagjit Mundi/ Nick Westlake


Numis Securities Limited ("Numis") which is regulated in the United Kingdom by
The Financial Services Authority is acting for eServGlobal Limited in relation
to the matters described in this announcement and is not advising any other
person, and accordingly will not be responsible to anyone other than eServGlobal
Limited for providing the protections afforded to customers of Numis or for
providing advice in relation to the matters described in this announcement.

About eServGlobal

eServGlobal Limited (ASX:ESV & LSE:ESG) delivers Better Network Intelligence.
eServGlobal specializes in independent and flexible network intelligence systems
so that enhanced telecoms services can be launched and individualized faster.

eServGlobal's systems are deployed in the networks of leading operators
worldwide and support over 200 million revenue-generating calls every day.

Headquartered in Sydney, Australia, eServGlobal has operations in Belgium,
Denmark, Germany, India, Indonesia, the Netherlands, New Zealand, Poland, Hong
Kong and the UK.

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


                                   ___END___




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

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