Investor Relations

Underwritten Pro Rata Non-Renounceable Issue-App 3B

Back Apr 24, 2002
Part A | Part B

Q MULTIMEDIUM LIMITED                         2002-04-24  ASX-SIGNAL-G

HOMEX - Perth                                                         

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Q Multimedium Limited (QMM) announces a pro rata non-renounceable
issue fully underwritten by Beconwood Securities Pty Ltd of Melbourne
to raise $777,000 by offering one new share for every five shares
held on the record date. The issue price for the new shares is $0.04
cents payable in full on application.

It is expected that the Prospectus covering this issue will be lodged
with ASIC by 24 April 2002.

The purpose of the issue is to provide additional working capital for
the growth of QMM's two core businesses - Jumbuck Corporation Ltd
and QDi Direct Press.

JUMBUCK CORPORATION LTD (JUMBUCK)

Over the past two years, Jumbuck has matured from a start-up business
to a company now servicing some of the largest wireless carriers in
the World, including, America Online, Inc, AT&T Wireless Services,
Digifone (Ireland), Genie Netherlands, Genie MM02 (UK), Sprint PCS,
StarHub (Singapore) and Telstra (Australia).

As stated in our ASX announcement dated 23 March 2002, the I-Mode
billing method is now replacing the fixed service charge that Jumbuck
and other content providers have traditionally received from wireless
carriers. This change in the business model is expected to be
advantageous to Jumbuck, however, in the short-term requires
additional working capital.

QDI DIRECT PRESS (QDI)

QDi has strategically changed its core business from pre-press to
high quality digital printing recognising the imminent downturn in
future pre-press demand. This strategy also requires additional
working capital. However, it is expected that QDi will contribute a
stable sustainable revenue base to the QMM Group.

We believe that QMM is now better positioned to pursue its strategic
goals with revenue sources clearly defined in each division of the
Company.

For further information contact:

Mr Kim Stedman                  Mr Paul Choiselat
Q MULTIMEDIUM LIMITED           BECONWOOD SECURITIES PTY LTD
Telephone: (08) 9322 2977       Telephone: (03) 9691 4900
Facsimile: (08) 9322 4114       Facsimile: (03) 9600 1500
                                Email: pchoiselat@beconwood.com.au

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