Full Year Cash Announcement

    RNS Number : 1016Y
  eServGlobal Limited
  02 July 2008
   
    Sydney 2 July, 2008:  eServGlobal Announces Upgrade to Cash Position.
    eServGlobal Limited (LSE: ESG & ASX: ESV), a provider of end-to-end solutions, enabling smart communication and payment services for
service providers on any generation network, today announced its net cash balance at 30 June, 2008.

    Earlier this year, the company forecast a cash balance of AUD$13million. Continuing focus on the invoicing and collections process,
including an investment in people and systems, has produced a net cash balance of AUD$18.2million, representing a 45% improvement over the
30 June 2007 cash balance of AUD$12.5million.

    "Over the course of the second half, we focused on achieving improvements to our cash collection process." said Mr. Ian Buddery,
Executive Chairman of eServGlobal. "With the contribution of our dedicated staff and the benefit of new systems, we now believe that we will
continue the positive trend into 2009, which allows the board to evaluate further actions to support shareholder value.  All of this is
being achieved whilst we fund the growth of our business, the growth of our delivery capability and record levels of investment in new
products."

    About eServGlobal

    eServGlobal (LSE: ESG & ASX: ESV) invents smart communication and payment services  for telecommunications service providers operating
on all generation networks. 

    As payment is crucial, eServGlobal's Charging Suite responds to increasingly sophisticated charging and billing challenges while
providing advanced recharge and m-payment solutions. The innovative Retention Suite delivers targeted incentives to increase customer
satisfaction and retention.  Meeting customer demand for new communication experiences, the eServGlobal Messaging Suite enables reliable
delivery of multimedia services such as unified messaging, video blog, SMS, and instant messaging. The Network Suite supplies enhanced
personalisation and network optimisation.

    Over 80 of the world's leading service providers, with over 400 million mobile subscribers in more than 50 countries, are taking
advantage of eServGlobal's end-to-end solutions and expertise to quickly deliver revenue-generating services. With 14 offices around the
world and staff from 20 different countries, we provide flexible solutions with ongoing product development, based on a deep understanding
of our customers' challenges.
    eServGlobal is listed on the Australian Stock Exchange (ASX: ESV) and the London Stock Exchange AIM market (LSE: ESG). In the year to 30
June 2007, eServGlobal reported a net profit before tax of A$9.1 million, up 104% from the previous year. A dividend of 2 cents per share
was paid. More information can be found at: www.eservglobal.com

    Ian Buddery                            David Poutney / Brent Nabbs
    Executive Chairman                        Numis Securities Limited (NOMAD)
    eServGlobal Limited                        Tel: +44(0)20 7260 1000

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