ESG Eservglobal Limited

RNS Number:5372U
eServGlobal Limited
23 November 2005


eServGlobal Limited
Annual General Meeting
23 November 2005


Chairman's Address



Ladies and Gentlemen,



If 2004 was the year in which eServGlobal recovered its forward momentum, then
2005 was the year that demonstrated our true potential.



We produced a record sales performance in fiscal 2005, delivering 33% revenue
growth and a $4.1 million (before AIM listing costs) EBITDA result.  Among many
highlights in the year, we won our first major contract in India, entered into a
major new OEM partnership and delivered our first Next Generation Network
deployment for a major fixed line carrier in Europe.



Throughout the year, we continued our ambitious partnering program, working
behind the scenes with the biggest names in network equipment, billing and
systems integration.  The results of this effort will be demonstrated during the
course of 2006, in both sales results and market positioning.



The growth in our share price during 2005 reflects the share market's growing
confidence in our future.  The growth in the number of UK Institutions on our
register, reflects our strength in the international investment market.



Since the close of the 2005 fiscal year, we have completed our acquisition of
Ferma, a telecommunications software company with a major presence in the
international pre-paid and messaging market.



eServGlobal is now the world's largest independent supplier of IN software,
delivering solutions and services to 75 carriers in 50 countries, via both
direct sales and OEM partnerships with major switching equipment and billing
software vendors.



The combination of the two companies creates sales leverage as we cross-sell
into our respective customer bases; it creates technology leverage as we close
gaps in each others offering; and it creates geographic leverage as we gain an
immediate presence in new markets.



We are now well progressed with the business integration and we are delighted
with the results so far.  We are confident that our operations will be fully
combined within the next months and will be producing strong revenue growth by
the close of our 2006 fiscal year.



We are expecting an excellent first half result, with growth above 20%.  The
Ferma revenue component will accrue from November and the outlook here is strong
also.  Together, we are confident of producing another record year in 2006 and
beyond.



We will continue to focus on delivering accelerated value growth to our
shareholders; we will continue to explore strategic Merger & Acquisition and
sharemarket growth opportunities; and we will continue to be an agent of change
in the global telecommunications industry.



I will now ask our Chief Executive, Mr Pat McGrory, to address you.




Ian Buddery
Executive Chairman
eServGlobal Limited


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

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