ABN Newswire

Pepperstone - Australia's Largest FX Broker Continues Asian Expansion with Shanghai, China Office Opening

newsroom@abnnewswire.net — Fri, 15 Feb 2013 14:01:44 GMT

Pepperstone (www.pepperstone.com), one of the fastest growing online foreign exchange ("FOREX", "FX") brokers worldwide, today announced that it has expanded further into Asia with the opening of a representative office in Shanghai, China.

The new branch cements Pepperstone's growing footprint across China - the world's second largest economy. Pepperstone has an established geo-expansion program in China in place to expand its operations in emerging high growth regions. The company is currently identifying new untapped markets in second and third tier cities in the country, distinguishing itself as a first-mover and securing competitive advantage over other international players.

"The office will support existing Mandarin and Cantonese speaking clients whilst also further expanding our client base in China." said Daniel Poon, Managing Director of the China Office, "With already an immense number of Chinese clients trading with Pepperstone the demand for dedicated support for this client segment was well overdue."

A unique feature of Pepperstone's next-generation Forex Trading platform is the ability for customers to access liquidity from 22 banks and ECN's. This option gives direct access to the forex interbank market, where orders are fully visible. As a result, customers are empowered to enter direct discussions with liquidity providers who can introduce their own orders and if the prices match, a deal is completed.

The Address of Pepperstone in China is:
Level 7 - BEA Financial Tower, 66 Huayuanshiqiao Rd,
Pudong District, Shanghai, 200120
China

"As Australia's largest margin FX broker expanding further into Asia seemed a natural progression" Pepperstone's CEO Owen Kerr said, "We look forward to many years of service and success with our valued clients and partners in the People's Republic of China."

For more information, please visit:
Chinese: http://cn.pepperstone.com/
English: http://www.pepperstone.com/

Media Contact
Joel Murphy
Phone: +61 3 9020 0155
E-mail: press@pepperstone.com
 
Contact in China - Shanghai Office
Daniel Poon
Phone: 400-608-3388 
E-mail: daniel.poon@pepperstone.com

Toro Energy Limited (ASX:TOE) Toro Energy Secures A$12 million Funding

newsroom@abnnewswire.net — Thu, 1 Nov 2012 09:34:40 GMT

Toro Energy Limited (ASX:TOE) is pleased to announce that it has received and executed a committed letter of offer for an A$12 million convertible debt facility from Macquarie Bank Limited.

Once full legal documentation has been finalised, the Facility will increase Toro's available working capital to A$19.5 million (based on A$7.5 million cash held as at 30 September 2012) putting Toro is in a strong financial position to fund the completion of the Wiluna Uranium Project definitive feasibility study and finalise the process of negotiation with potential joint venture or funding partners.

The Facility is a secured loan with a term of three years from initial drawdown which is expected to occur in the first half of 2013. The first tranche of A$8.0 million is available following the completion of documentation and satisfaction of standard conditions precedent. The second tranche of A$4.0 million is available after the completion of an additional condition precedent being the receipt of Federal Government approval for the development of the Wiluna Uranium Project, a decision on which is anticipated by the end of 2012.

The interest rate applicable to the loan will be at the Australian bank bill rate plus fixed margin.

In line with the terms of the Facility, Toro will issue tranches of 3 year options to Macquarie at an exercise price set at a 20% premium to Toro's 30 day volume weighted average share price ("30 day VWAP") at various stages which, were they to be exercised, would raise funds equivalent to the A$12m face value of the facility. On execution of the Commitment Letter, Toro is obliged to issue options to Macquarie equating to 25% of the Facility face value (or equivalent value A$3m). The remaining 75% of the options are to be issued on a pro-rata basis if and when Toro makes drawdowns under the facility.

The initial tranche of 24,390,244 options will be issued on 2nd November 2012 with an exercise price of A$0.123 per share. Further tranches of options will be issued to Macquarie at each drawdown with a strike price set at a 20% premium to the 30 day VWAP prior to the date of each drawdown and the number of options issued being equal to 75% of the face value of the tranche divided by the 30 day VWAP. Under the terms of the Facility, any proceeds from the exercise of the options must be directed towards the repayment of the outstanding loan balance, if any.

In the event that Toro issues equity at a price below the exercise price of the options within 18 months of first drawdown or undertakes an in-specie distribution, the exercise price of the existing options will be adjusted in accordance with ASX Listing Rules. If circumstances that require an exercise price adjustment cannot be made under ASX listing rules Toro can issue replacement options, pay cash, issue shares or new options in order to compensate Macquarie for any reduction in value of their existing option holding.

Toro is obliged to repay the loan in full in the event of a sale of its interest in the Wiluna Project or when it undertakes a loan drawdown in respect of any project funding of the Wiluna Project. In respect of any other asset sales, Toro is obliged to direct 50% of any cash proceeds towards loan repayment when the asset sale has a value greater than A$2.0 million.

The establishment of the Facility will not require shareholder approval as the issue of options to Macquarie represents less than 15% of the issued capital of Toro.

"Toro welcomes Macquarie Bank as significant new stakeholder and looks forward to working with Macquarie in moving the Wiluna Uranium Project forward through the financing phase" Managing Director, Greg Hall, said today.

Toro Energy Limited
T: +61-8-8132-5600
F: +61-8-8362-6655
WWW: www.toroenergy.com.au

FINANCE VIDEO: White Crane Group Chief Economist Clifford Bennett Presents To Sydney Capital Markets at Investorium.tv

newsroom@abnnewswire.net — Thu, 23 Feb 2012 17:00:00 GMT

FINANCE VIDEO: Clifford Bennett, Chief Economist at White Crane Group presents to Sydney Capital Markets at Investorium.tv. He gives a quick overview of the current global macroeconomic status, forecasting a robust economic growth and strong demand for commodities in 2012.

Clifford believes that the "New First World" - Asia and Latin America - has overtaken the "Old First World" - the United States and the Europe - to drive the global economic growth. The United States no longer leads the economic cycle and the US dollar will continue to devalue. He is confident about the outlook of the Australian resource sector and the European fashion sector, as they have markets in the "New First World".

Clifford says that the media was very pessimistic about the world economy in 2011, resulting in a huge disconnect between sentiment and reality, as the world economy still held strong. Clifford believes that the depressed prices in varied market have created some once-in-a-lifetime investment opportunities. He is very optimistic about the world economy in 2012, predicting a growth of 5% or even higher. He adds that higher Australian dollar value is the product of higher commodity prices and higher demand for commodities, which will remain the main driver of the resource industry.

Clifford Bennett is also the author of Warrior Trading, available at Amazon Online bookstores.

View the Video Presentation at:
http://abnnewswire.net/press/en/71670/White-Crane-Report

The White Crane Group produces daily reports that are available on a subscription.

The Daily White Crane Report:
White Crane daily reports outline advanced macro-economic concepts and views that are entirely original here at White Crane Group. We are world leading in many of our ideas on contemporary economic processes, and we have shown for several years now that we have the ability to turn such economic insights into quantifiable global financial market advantage. This is not new to Clifford Bennett, who has a 25 year track record of making big calls that have shown themselves to be remarkably accurate.

The Daily FxMax Report:
FxMax is a daily report on global currency markets, and includes near term trend signals aimed at delivering strong positive trading results, as well as ahead of the curve macro economic insights. An insightful overview of daily macro events, combined with many years of experience of intra day trading patterns in the different global time zones, contributes to a unique and effective perspective of Fx markets each day. FxMax delivers an original "view", and quantifiable "trading" performance with easy to follow signals across a wide range of currency markets every day.

Samples of both the White Crane Report and the FxMax Daily Report are available at the following link:
http://www.abnnewswire.net/whitecranereport.asp

Clifford Bennett
White Crane Group
Email: enquiry@whitecranegroup.com.au

SAI Global (ASX:SAI) Reports Solid First Half Growth and Positions For Stronger Growth In FY13

newsroom@abnnewswire.net — Tue, 14 Feb 2012 11:52:28 GMT

SAI Global Limited (ASX:SAI) today announced a statutory half-year net profit after tax attributable to shareholders of $21.7M, representing an increase of 29.1% over the corresponding period. Underlying net profit, which backs out the impact of significant charges, was $22.1M, an increase of 12.7% over the underlying profit in the corresponding period.

All businesses contributed to the result with solid organic growth enhanced by full period contributions from recent acquisitions. This growth was achieved despite the continuing adverse impacts of the stronger Australian dollar. Sales revenue increased by 6.8% to $222.6M. Underlying EBITDA increased to $48.7M, up 10.9% on the corresponding period. Operating cash inflows before significant charges were up 21.2% to $26.0M.

Chief Executive Officer, Tony Scotton said: "Achieving growth in revenue across all of our businesses is satisfying given the uncertain economic times". He added "the growth in profitability is particularly pleasing given that we have begun to add the capability across the organisation, which we foreshadowed last August, to respond to recent new business wins and to take advantage of the other opportunities presenting themselves across our businesses. These extra costs will result in a flat second-half EBITDA relative to the prior period ahead of an expected uplift in profit in FY13".

KEY PERFORMANCE INDICATORS

The underlying basis is a non-IFRS measure that, in the opinion of the Directors, is useful in understanding and appraising the Company's underlying performance. The underlying basis excludes the costs associated with acquiring and integrating new businesses and costs associated with materially restructuring the business.

-----------------------------------------------------------------------
Sales revenue                        $222.6M                   Up 6.8%
EBITDA                               $48.0M                    Up 20.9%
Underlying EBITDA1                   $48.7M                    Up 10.9%
Statutory net profit after tax       $21.7M                    Up 29.1%
Underlying net profit after tax(1)   $22.1M                    Up 12.7%
Statutory EPS                        10.8 cents                Up 22.7%
Underlying EPS1                      11.1 cents                Up 6.7%
Interim dividend                     6.8 cents, 100% franked   Up 7.9%
Net operating cash inflow1           $26.0M                    Up 21.2%
-----------------------------------------------------------------------
(1). Before significant charges of $766k before tax, $473k after tax

Information Services

-----------------------------------------------------
                            1H12       1H11    Change
-----------------------------------------------------
Sales revenue ($M)          100.8      97.2      3.7%
EBITDA ($M)                  25.4      23.0     10.4%
EBITDA Margin (%)            25.2      23.6      1.6%
-----------------------------------------------------

Both businesses within the information Services division experienced organic growth during the period.

The Property business achieved revenue and EBITDA growth of 6.1% and 23.6% respectively reflecting the benefits from operational efficiency initiatives and strong growth in the banking workflow business. The EBITDA margin expanded to 12.8%, up from 11.0% in the corresponding period.

In July 2011 the Property business was awarded a national settlement services contract with ANZ bank. Much of the focus over the first-half has been on preparing the business to take on the ANZ settlement services in the States that it currently does not service, together with pursuing opportunities with other financial institutions.

The Standards business achieved constant currency revenue and EBITDA growth of 1.2% and 7.5% respectively. The lower than trend growth in revenue reflects the reduced sales of the Pressure Vessel Code which was revised last year and resulted in a revenue "spike" in the corresponding period.

Sales of standards within Australia in the first-half have been hampered by a lack of new product. In addition, the State of Victoria has delayed publishing the new workplace health and safety legislation. Together these factors contributed to the below trend revenue growth in the standards business. Standards production in Australia is projected to pick up over the next several months. The operating focus over the past six months has been on advancing business development through establishing relationships with trade associations, government agencies and other standards organizations to broaden our distribution reach.

Compliance Services

-----------------------------------------------------
                           1H12      1H11      Change
-----------------------------------------------------
Revenue ($M)               40.0      35.2       13.6%
EBITDA1 ($M)               14.5      12.9       12.7%
EBITDA Margin(1) (%)         36.2      36.5      (0.3%)
-----------------------------------------------------
(1). Before the impact of significant charges

The Compliance Services division achieved solid growth in the first-half reflecting both organic growth and a full period contribution from Integrity Interactive. Despite the adverse impact of the stronger Australian dollar, revenue grew by 13.6% over the corresponding period to $40.0 million and EBITDA before significant charges grew by 12.7% to $14.5 million. The EBITDA margin before significant charges was 36.2%, down marginally from the 36.5% achieved in the corresponding period. The EBITDA margin has been adversely impacted by the extra expense associated with investment in sales and marketing resources to support the division's product suite relating to the UK Bribery Act.

While global interest in anti-bribery/anti-corruption (ABAC) persists, the take-up by clients to date has been slower than projected. Adjustments to the level of sales focus coupled with the provision of a SaaS-based ABAC solution at a more compelling price point (a result of the Compliance 360 acquisition) are expected to result in an improved bookings performance over the next several months. The long-term expectation that ABAC will be a driver of growth for the Compliance business remains firm.

In January 2012, i.e. after the balance date, the division announced that it had acquired Compliance 360, a recognised leader in the provision of SaaS-based governance, risk and compliance (GRC) services to markets in the United States. A cornerstone of the strategy for our Compliance Services business is to build market leading positions across key product areas. In 2010 a leadership position was achieved in the ethics training and awareness space through the acquisition of Integrity Interactive. The acquisition of Compliance 360 is a significant step in achieving similar status in the GRC space.

Assurance Services

-----------------------------------------------------
                           1H12      1H11      Change
-----------------------------------------------------
Revenue ($M)               82.9      77.2        7.3%
EBITDA ($M)                14.5      12.6       15.1%
EBITDA Margin (%)          17.5      16.3        1.2%
-----------------------------------------------------

The Assurance Services division saw growth rates ahead of trend due to strong performances across our Asia and EMEA businesses, supported by solid performances across our more mature Australian, North America and Product Services businesses. This growth was achieved on the back of ongoing growth in our food, retail and environmental products. Sales revenue grew by 7.3% to $82.9 million despite the adverse impact of the stronger Australian dollar. EBITDA grew by 15.1% to $14.5 million at an expanded margin of 17.5%, up from 16.3% in the corresponding period through improved operational efficiencies at the gross margin line and better leveraging of the overhead base on higher revenues, most significantly in our larger North American and Australia businesses and emerging Asia business.

We continue to grow our share of the global retail-agri-food market, most significantly in the Americas and Europe, whilst expanding our capabilities in key related supplier markets. Expanding our global capability through a harmonised operational approach and business systems platform, complimented by strong account management capability continues.

Outlook

The Company expects continued revenue growth in the second-half and will accelerate the adding of resources and capability in the second-half to position the Company to take advantage of the opportunities emerging across each division. Revenue from the ANZ contract is now expected to ramp up in mid-year instead of February 2012. Accordingly, the Group's second-half EBITDA is expected to be flat relative to the corresponding period ahead of strong revenue and profit growth in FY13. The property business is projecting a significant uplift in new business in FY13 over and above that associated with the ANZ contract.

EBITDA growth of circa 20% is targeted across the Group in FY13 off the back of an uplift of up to $10M in the property business, continued organic growth across the other businesses and a full year contribution from Compliance 360.

SAI's businesses have demonstrated resilience through tough times. However, we continue to monitor the trading environment closely.

Media & Investor Inquiries

Tony Scotton
Chief Executive Officer
SAI Global Limited
T: +612 8206 6182
Mob: +61-419-527-592

Geoff Richardson
Chief Financial Officer
SAI Global Limited
T: +612-8206-6805
Mob: +61-429-314-698

http://www.saiglobal.com

Asian Activities Report for August 19, 2011: SmartTrans Holdings (ASX:SMA) Partners with China Mobile (HKG:0941)

newsroom@abnnewswire.net — Fri, 19 Aug 2011 12:00:16 GMT

SmartTrans Holdings Limited (ASX:SMA) has signed a binding agreement with China Mobile (HKG:0941) (NYSE:CHL) that allows SmartTrans to collect payment from China Mobile customers. China Mobile's users will be able to buy SmartTrans products including SmartTrans e-Solution logistics software and other content, on their mobile telephones and pay via their China Mobile CMPay account. China Mobile's CMPay is a mobile payment service that allows users to conduct e-commerce operations though their mobile phone, such as payments, recharging, transferring or enquiries.

Golden Rim Resources Limited (ASX:GMR) today announced copper and gold intersections from the second program of reverse circulation drilling at its Balogo Project in Burkina Faso. Best new intersections included 14m at 2.56 g/t gold and 4m at 3.02 g/t gold. A second major mineralised zone with high-grade gold has been discovered. A further 1.3km of strike with strong anomalies has been confirmed and will be tested by drilling.

Highlands Pacific Limited (ASX:HIG) said today that its fully constructed US$1.5 billion Ramu Nickel project in Papua New Guinea will commence ore commissioning activities at the Basamuk treatment plant in September. The project should commission its first autoclave in coming months and produce its first nickel and cobalt in the weeks after as part of a conservative ramp up over the next 12-18 months. The project is targeting a production rate of 31,150 tpa of nickel and 3,300 tpa of cobalt over the next 20 years.

Aquila Resources Limited (ASX:AQA) said today that the Queensland Government has granted the Mining Lease for the Eagle Downs Hard Coking Coal Project in Central Queensland. The Project involves proposed construction, development and operation of an underground hard coking coal mine in Queensland's resource-rich Bowen Basin. When in production the mine will be producing up to 5.1Mtpa and an average of 4.5Mtpa of hard coking coal over the initial 10 years of production.

Suven Life Sciences Limited (BOM:530239) has been granted 4 product patents, one from Europe, two from Sri Lanka, and one from Korea, for the treatment of Neurodegenerative disorders such as Alzheimer's disease, Attention Deficient Hyperactivity Disorder, Huntington's disease, Parkinson and Schizophrenia. With these new patents, the company has a total of 11 granted patents from Europe, 8 granted patents from Sri Lanka and 5 granted patents from Korea.

Asia Business News
Sydney Tel: +61-2-9247-4344
Tokyo Tel: +81-3-6868-3802
http://www.abnnewswire.net

Compliance Services Drives SAI Global (ASX:SAI) To New Highs

newsroom@abnnewswire.net — Wed, 17 Aug 2011 10:33:26 GMT

SAI Global Limited (ASX:SAI) today announced a record net profit after tax attributable to shareholders of A$44.8 million, representing an increase of 32.9% over the corresponding period. Underlying net profit, which backs out the impact of significant charges, was A$48.0 million, an increase of 42.4% over the corresponding period.

Continued organic growth plus contributions from recent acquisitions, most noticeably from Integrity Interactive, combined to produce sales revenue growth of 8.9% to $427.1 million despite the significant adverse impact of the stronger Australian dollar relative to the prior period. EBITDA increased to $95.8 million, up 25.8% on FY10 which includes the impact of significant charges consisting predominantly of transaction and integration charges incurred in relation to the acquisition of Integrity Interactive. Underlying EBITDA was at the top end of the guidance range at $100.7 million, up 32.3% on FY10. Operating cash inflows before significant charges and other acquisition related expenses were up 14.6% to $59.7M.

KEY FINANCIALS

------------------------------------------------------------------
Segment revenue                     $427.1 million    Up 8.9%
------------------------------------------------------------------
Net revenue(2)                      $340.1 million    Up 13.1%
------------------------------------------------------------------
EBITDA1                             $100.7 million    Up 32.3%
------------------------------------------------------------------
Reported net profit after tax       $44.8  million    Up 32.9%
------------------------------------------------------------------
Underlying net profit after tax(1)  $48.0  million    Up 42.4%
------------------------------------------------------------------
Reported EPS                         23.1  cents      Up 7.4%
------------------------------------------------------------------
Underlying EPS(1)                    24.7  cents      Up 14.9%
------------------------------------------------------------------
Final dividend             8.0 cents, 100% franked    Up 1.0 cents
------------------------------------------------------------------
Net operating cash inflows(3)       $59.7  million    Up 14.6%
------------------------------------------------------------------

1. Before significant charges of $4,946k before tax, $3,209k after tax

2. Excludes the pass through revenue which relates to the recharging of customers for fees levied on the Company by providers of searches and certificates to the property services businesses

3. Before significant charges and other acquisition related expenses

Chief Executive Officer, Mr Tony Scotton said: "The acquisition of Integrity Interactive was a transformational event for our compliance business, which, when combined with our existing business, delivered a leadership position in the ethics training and awareness space. SAI Global has clearly benefitted from this acquisition in terms of increased scale, greater operating leverage, expanded operating margins and a more balanced divisional contribution to income. He added "with the exception of property our businesses achieved solid organic growth. The property business experienced reduced activity levels, but continued investment in this business has positioned it for growth as evidenced by the recently announced contract with ANZ to provide national mortgage settlement services".

The directors have declared a fully franked final dividend of 8.0 cents per share, bringing the total dividend for the year to 14.3 cents, up from 12.8 cents last year. The dividend will be paid on 23 September 2011. The record date is 29 August 2011.

Information Services

Despite an improved performance by the standards business, which achieved revenue growth of 4.3%, the results of the division were adversely impacted by a reduced revenue and EBITDA contribution from the property business. The property business saw revenue and EBITDA reduce by 5.1% and 15.8% respectively compared to the prior year. The reduced contribution from the property business reflects the significant drop in the number of properties changing hands throughout FY11 compared with the economic stimulus fuelled levels experienced in FY10. The standards business benefitted from sales of the Pressure Vessel Code, albeit at low margins, but was adversely impacted by the stronger Australian dollar.

Overall the division's revenue was down 2.2% and EBITDA down 2.6%, both reductions also including the adverse impact of the stronger Australian dollar. The EBITDA margin reduced marginally from 25.3% to 25.2%. The margin in the standards business remained strong at 56.5% (56.2% in the corresponding period) despite the impact of the lower margin sales of the Pressure Vessel Code.

Notwithstanding the lower volumes experienced by the property business work has continued on refining business processes and upgrading the service offering. These improvements were instrumental in the business being awarded a national settlement services contract with The Australian and New Zealand Banking Group (ANZ)(ASX:ANZ), which was announced on 18 July 2011.

The general environment for the sale of standards has been steadily improving in line with the gradual improvements in economic conditions.

-------------------------------------------------------------
                                   FY11     FY10       Change
-------------------------------------------------------------
Revenue ($M)                      193.6    197.9       (2.2%)
Net revenue(1) ($M)               106.6    106.5        0.1%
EBITDA ($M)                        48.9     50.1       (2.6%)
EBITDA Margin on revenue (%)       25.2%    25.3%      (0.1%)
EBITDA Margin on net revenue (%)   45.8%    47.1%      (1.2%)
-------------------------------------------------------------

1. Excludes the pass through revenue which relates to the recharging of customers for fees levied on the Company by providers of searches and certificates to the property services businesses

Compliance Services

The Compliance Services division has been transformed during FY11 through the acquisition of Integrity Interactive which not only added significant scale to the compliance business, but also delivered, in combination with our legacy business, a market leading position in the provision of ethics training and awareness courseware.

The Compliance business achieved strong growth during the period reflecting both above trend organic growth together with the nine and a half months' contribution from Integrity Interactive. Despite the adverse impact of the stronger Australian dollar, revenue grew by 71.5% over the corresponding period to $79.9 million and EBITDA grew by 199.8% to $34.3 million. EBITDA margins expanded to 42.9%, up from the 24.5% achieved in the corresponding period, reflecting the operating leverage of the expanded business.

-----------------------------------------------------
                            FY11     FY10      Change
-----------------------------------------------------
Revenue ($M)                79.9     46.6       71.5%
EBITDA ($M)                 34.3     11.4      199.8%
EBITDA Margin (%)           42.9%    24.5%      18.4%
-----------------------------------------------------

Assurance Services

The Assurance Services division saw growth rates increase back to trend through a strong recovery in standards training, solid performances across our Asia businesses, expansion of our Product Services capability and ongoing growth in our food, medical, safety and environmental products.

Revenue grew by 4.0% to $155.4 million despite the adverse impact of the stronger Australian dollar. EBITDA grew by 20.8% to $28.4 million with the EBITDA margin expanding to 18.3%, up from 15.7% in the corresponding period through improved operational efficiencies at the gross margin line and better leveraging of the overhead base on higher revenues, most significantly in the standards training business.

The business continues to grow its food safety business, most significantly in the Americas, whilst expanding its capabilities in the key retail sector following the acquisition of Foodcheck in the UK.

----------------------------------------------------
                            FY11     FY10     Change
----------------------------------------------------
Revenue ($M)                155.4    149.4       4.0%
EBITDA ($M)                  28.4     23.5      20.8%
EBITDA Margin (%)           18.3%    15.7%      2.5%
----------------------------------------------------

Acquisitions

In September 2010 Integrity Interactive was acquired bringing together two of the foremost players in the provision of ethics training and awareness courseware. The purchase price of US$170 million was funded by an underwritten share placement and rights issue of approximately A$130 million and new debt facilities of approximately US$60 million.

Integrity has a strong presence in North America and an established presence in Europe. Its operations are complementary to SAI's strong presence in the Asia Pacific region and existing UK and North American compliance businesses. Integrity is headquartered in Waltham, Massachusetts and maintains offices in London, Brussels and Hartford, Connecticut.

On 30 June 2011, SAI acquired Advancing Food Safety Pty Limited (AFS), a provider of training services to the Australian and New Zealand food industry for $1.5 million.

Outlook for FY12

The Company remains committed to growing the value of its three divisions. It is envisaged that this growth will continue to come from a combination of organic growth, strategic acquisitions and partnering.

Financial markets are volatile and economic growth in major economies is stalling. Whilst not immune to the impacts of further economic deterioration, SAI's businesses have demonstrated their resilience through tough times. We will monitor the situation closely and respond accordingly.

Notwithstanding the current turmoil, we continue to see exciting opportunities across each of the Company's divisions as borne out by the recent contract awarded to the property business by the ANZ bank to provide national settlement services. In addition, the Compliance Services business is developing a product suite to address issues posed by the UK Bribery Act which came into effect on 1 July 2011, and the Assurance Services division is experiencing strong growth in its food business in North America and the UK, including in the food retail space.

The Company expects to report growth in revenue, profit, earnings per share and fully franked dividends in FY12.

Media & Investor Inquiries
Tony Scotton
Chief Executive Officer
SAI Global Limited
Tel: +61-2-8206-6182
Mob: +61-419-527-592

Geoff Richardson
Chief Financial Officer
SAI Global Limited
Tel: +61-2-8206-6805
Mob: +61-429-314-698

http://www.saiglobal.com

IBM (NYSE:IBM), Capgemini (EPA:CAP) and SAP (NYSE:SAP) to Support World Smart Grid Conference Series-India Week 2011

newsroom@abnnewswire.net — Thu, 9 June 2011 16:17:39 GMT

The world's leading technology giants in smart grid, IBM (NYSE:IBM), Capgemini (EPA:CAP) and SAP (NYSE:SAP) announce to support this year's largest and most important India smart grid event World Smart Grid Conference Series-India Week 2011.

IBM, one of the world's leading IT companies and smart grid solutions leaders is planning to offer its services to Indian utilities over the next few years. IBM's General Manager of Global Energy and Utilities said that his company sees tremendous potential for growth in the Indian market as it expands to provide electricity to more consumers.

Manu Rishi Puri, Sr Managing Consultant of IBM - Global Business Services will present on "Weather Forecasting for Renewables". As tone of the association sponsor of the event, IBM shows sufficient confidence in this upcoming important event. "We are looking forward to sharing IBM's global smart grid implementation experiences with India industrial leaders". Said IBM's senior representatives.

Capgemini, who won the first smart meter order in India; will attend the World Smart Grid Conference Series-India Week 2011 as Bronze Sponsor.

Capgemini is amongst the world's foremost providers of consulting, technology and outsourcing services that caters to a wide spectrum of industries like energy, manufacturing, retail and distribution, telecom, media and entertainment, financial services, etc. Somnath Chatterjee, Head of Energy, Utilities & Chemicals, Capgemini India, provides keen insights into evolving concepts like Smart Meters and Smart Grid. He explains that India is indeed making a "smart" move in its endeavour of ensuring efficient energy consumption and curbing energy losses.

SAP, the world's leading provider of business software, is confirmed to sponsor the industry award dinner of World Smart Grid Conference Series-India Week 2011.

World Smart Grid Conference Series-India Week 2011, to be held on September 13th to 16th in Mumbai, is a unique event for you to attain deep understandings on India's smart grid initiatives, roadmap, regulatory environment, ongoing pilots of local utilities, network local and international smart grid industry executives and share insights on the future market developments.

The conference is vendor-neutral, product-neutral, and platform-neutral with highly intense interaction between delegates, and allows for real discussion and debate, not simply a series of "product presentations".

Eminent Speakers Confirmed:
- Sam Pitroda, Chair, India Smart Grid Task Force
- Pramod Deo, Chairman, Central Electricity Regulatory Commission
- M.T. Krishna Babu, IAS, Chairman and Managing Director, APCPDCL
- Narendra Singh Sodha, Executive Director, Power Grid Corporation of India
- V. K. Shah, Executive Director (APDRP), Power Finance Corporation
- Ramesh Narayanan, CEO, BSES Yamuna Power Limited
- Sunil Wadhwa, Managing Director, NDPL
- Ajoy Rajani, Vice President, Reliance Infrastructure
- Abhijit Roy, Head - New Technology Initiatives, Reliance Infrastructure
- Amit Prasad, Director of Smart Grid, New Delhi Municipal Counci
- Jayant Deo, CEO and managing Director, India Energy Exchange
- Claudio Lima, Vice Chair, IEEE P2030 Smart Grid Architecture
- Pradeep Monga, Chief, Renewable and Rural Energy Branch, United Nations Industrial Development Organization
- Senior Technology Chairman, International Council on Large Electric Systems (Cigre)
- Ashish Khanna, Senior Energy Specialist, South Asia Sustainable Development, World Bank
- Monali Zeya Hazra, Program Management Specialist, USAID
- Norbert Karl, Global Sales & Business Development Smart Grid, Siemens (NYSE:SI)
- Senior Executive, Schneider Electric (EPA:SU)
- Senior Executive, National Instruments (NASDAQ:NATI)

Viola Yan
Marketing Manager
SZ&W Group
T: +86-21-5830-0710 
F: +86-21-5831-1668
Email: Info@szwgroup.com
http://www.szwgroup.com/smartgrid

FINANCE VIDEO: Clifford Bennett Invites Viewers To The White Crane Report

newsroom@abnnewswire.net — Wed, 20 Apr 2011 14:53:11 GMT

Chief Economist, Clifford Bennett, is widely recognized for his often market leading and insightful economic and financial market forecasts. Clifford has 25 years international experience with some of the world's leading investment banks, and was named the "world's most accurate currency forecaster" by Bloomberg News NY. Clifford is the author of "Warrior Trading" published by John Wiley & Sons New York, and frequently appears in the financial print and television media.

Clifford was the first to "ring the bell" for a new bull market in 2009, and was among the first to appreciate the Australian slow down would be short lived, consistently forecasting unemployment to peak at 5.7% to 6.1%, when even the government forecast was 8.5%. Clifford was the first economist to correctly predict the RBA would hold at 3.00%, and hike by the end of 2009, and the only economist to correctly forecast the RBA would stay on hold in February.

To view this video, please refer to the following link:
http://www.abnnewswire.net/multimedia/en/67103/White-Crane-Report

Clifford Bennett
Herston Economics
Email: whitecranereport@gmail.com

FINANCE VIDEO: Clifford Bennett Market Overview: Global Markets Continue To Unfold

newsroom@abnnewswire.net — Fri, 4 Mar 2011 13:21:31 GMT

Global markets continue to unfold according to our "Grand Bull Market" says Clifford Bennett of Herston Economics. The US dollar remains on the main stage, although the Euro has grabbed the centre, and is likely to continue to make strong gains throughout the year. ECB President Trichet may well follow through on yesterday's comments and hike by 25 points at the next meeting.

Gold may be a little soft as possible good news comes out of Libya, while oil remains strong regardless. Even the dip in Gold is a buying opportunity says Bennett. Overall our bearish US dollar bullish equity market view continues to deliver rewards. The Australian dollar is likely to have a sharp up move soon as well. For our full report go to Herston Economics, http://www.herstoneconomics.com

View the videocast here:
http://www.abnnewswire.net/multimedia/en/66371/Clifford-Bennett

Clifford Bennett
Herston Economics
Email: clifford@herstoneconomics.com
http://www.herstoneconomics.com

ABN Newswire
Tel: +61-2-9247-4344
http://www.abnnewswire.net

FINANCE VIDEO: Clifford Bennett Market Overview: Everything is Bullish Except The US Dollar

newsroom@abnnewswire.net — Thu, 3 Mar 2011 14:11:47 GMT

Clifford Bennett of Herston Economics says equity markets are stabilizing, before resuming a bullish trajectory in coming days. As expected equity markets will be moving higher alongside a higher oil price. Underlying all this will be a falling US dollar which is good for equity markets, the US economy and commodities. Clifford Bennett suggests caution regarding some commentators who keep suggesting doom and gloom which risks people missing out on what is still a very strong bull market and period of global economic prosperity.

View the videocast here:
http://www.abnnewswire.net/multimedia/en/66340/Clifford-Bennett

Clifford Bennett
Herston Economics
Email: clifford@herstoneconomics.com
http://www.herstoneconomics.com

ABN Newswire
Tel: +61-2-9247-4344
http://www.abnnewswire.net