ECAT - Halbjahresbericht - - 500 Beiträge pro Seite

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Half Yearly Report

Document date: Thu 31 Aug 2000 Released time: Thu 31 Aug 2000 12:43:28
Document No: 183271 Document part: A
Market Flag: Y
Classification: Half Yearly Report
ECAT DEVELOPMENT CAPITAL LIMITED 2000-08-31 ASX-SIGNAL-G

HOMEX - Perth

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The Directors release the Company`s results and the attached
preliminary half yearly report for the period ended 30 June 2000.

ECAT recorded an operating loss of $1,116,078 for the first half of
the 2000 financial year. The result includes an unrealized loss of
$1,155,621 in relation to investments acquired by the Company since
September 1999. The Company has adopted an accounting policy whereby
the investment portfolio is valued in accordance with Accounting
Standard AASB 1010 "Accounting for the Revaluation of Non-current
Assets".

ECAT underwent a major transformation in September 1999 when the
current management team and board of directors took over management
of the fund and implemented a revised capital raising and investment
strategy. The Company`s total assets have increased $6.73 million to
$11.51 million from $4.78 million as at 31 December 2000. The
increase reflects the capital raised by ECAT in the six months ended
30 June 2000 and the consolidation of MatchNet Australia Limited into
the accounts. The investment portfolio ended the half year at $3.85
million, representing an increase of $2.25 million for the period and
cash balances of $6.71 million, representing an increase of $3.56
million for the period.

ECAT invested $4.075 million in the six month period ended 30 June
2000 and a further $1.50 million since the end of the half year.
Investments acquired during the half year include:-

* $1,000,000 to acquire an effective 25% interest in PBA Professional
Pty Ltd ("PBA") by subscribing for Convertible Preference Shares in
the company, PBA has developed and is marketing a suite of software
called The Office Automator (TM). The Office Automator(TM) is a
comprehensive enterprise solution for the management of information
flow to and from an organisation and within an organisation.

* 2,100,000 ordinary shares in Max Multimedia Limited ("MXM") for 75
cents each representing 43% of the issued capital (including a one
for two free attaching option exercisable at $1.20 within 12 months
from the date of issue). The core business of MXM involves the
production and marketing of Max Mini-Roms. Max Mini-Roms are
computer CD Roms that are about half the size of a conventional CD
Roms and are designed to be a "collectable player card" of prominent
sporting identities, collected by people in the 8 to 25 year age
group.

* $500,000 to acquire a 3.3% interest in Sustainable Technologies
Australia Limited ("STA") STA has installed a network of 900 kiosks
in retail pharmacies and health food stores throughout Australia and
New Zealand to provide Point-of-Sales access to its consumer health
library. The fully referenced database enables users to find
personally relevant information on over 2,700 discrete health-related
topics.

* $500,000 to acquire a 23.9% shareholding in StrataTel.com Pty Ltd
("StrataTel.com") a company that provides specialized independent
advice on telecommunication services, equipment and strategy. Its
current customer base is predominantly in the Government sector,
which constitutes 90% of its clientele. Based on requests from its
existing clients and market research StrataTel.com is developing
several web-based products. These products aim to provide corporate
customers with the best value for money services in the
telecommunications industry.

* $500,000 to acquire an approximate 10% interest in SmartNews Group
Limited ("SmartNews"). SmartNews has been developing a business model
for proactively communicating to a large number of people in a quick,
user-friendly, cheap and proactive manner via email and Internet
technology. SmartNews provides investor relations services to
companies listed on the Australian Stock Exchange. The service helps
companies establish and maintain communication with existing and
potential shareholders and stakeholders.

Investments made subsequent to the end of the half year include the
following:-

* Hostworks Limited - $0.5 million

* eNTITyl Limited - $0.5 million; and

* Sirtex Medical Limited - $0.5 million

ECAT is a Pooled Development Fund ("PDF") and continues to seek for
new investments within the Pooled Development Funds Act 1992
guidelines. The PDF structure is sufficiently flexible to allow ECAT
to pursue its investment objective while providing shareholders, who
are resident in Australia for taxation purposes, with tax free income
or capital gains on any profit derived from the sale of their shares
(note that any profit derived from the sale of options is not income
or capital gains tax free - the options must be exercised and the
shares sold for the tax concessions to apply).

For further information on the Company`s activities, please visit
ECAT`s web site at www.ecatdc.com.au.

A Pismiris
COMPANY SECRETARY

MORE TO FOLLOW

MfG Kersken

[leeds]

und kein Komentar dazu ? Wohl alles wie erwartet, dann warten wir
halt noch 1.2.3.4...Jahre

Tschau

[TomTurbo]

Einfach warten und am besten nicht nachdenken.
ECAT wird eines Tages hoch im Kurs stehen.
Ich hoffe nur, daß Ihr nicht zu doll investiert seid.

Kopf hoch und in 2 Jahren reden wir weiter.

[leeds]

Olympia und Ecat= wohl kein Zusammenhang.
Warten wir halt noch die nächsten 10 Beteiligungen ab.

Zum Glück geht der NM ab und lässt mich diese Schlafmütze vergessen.

[Xiva]

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