Investor Relations

Notice of General Meeting

Back Jul 19, 2001
Part A | Part C | Part B

Q MULTIMEDIUM LIMITED                         2001-07-19  ASX-SIGNAL-G

HOMEX - Perth                                                         

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LETTER TO SHAREHOLDERS

The purpose of the general meeting to be held on 22 August 2001 is to
re-appoint Mr Paul Choiselat as a director of the Company and to
approve the issue of 12,000,000 fully paid ordinary shares in the
capital of the Company and 5,000,000 options at an exercise price of
30 cents in part-consideration for the acquisition of 50% of the
issued capital of Jumbuck Corporation Ltd (Jumbuck) from the founder,
Mr Adrian Rischmueller. The balance of the consideration payable is
the cash sum of $60,000.

Mr Choiselat heads his own privately owned investment banking
business Beconwood Securities Pty Ltd and has had extensive
experience in funds management, underwriting and venture capital.
Through himself and his associated companies he holds a substantial
shareholding in Q Multimedium Limited.

Jumbuck is currently 50% owned by the Company and offers hosting and
operating services to major telecommunications companies of the world
including Sprint PCS, BT Genie and Telstra.

The Directors believe that Jumbuck has substantial upside potential
and forms an important part of the Company's core strategic
businesses.

Negotiations are currently taking place with other major
telecommunications companies and a number of additional premium
wireless products will be launched before the end of the 2001
calendar year. The acquisition of the remaining 50% of Jumbuck is a
natural progression and will bring the founder, Mr Adrian
Rischmueller into the Company as both a Director and shareholder.

The Directors recommend that shareholders vote in favour of both
Resolutions 1 and 2 as they believe it to be in the best interests of
the Company.

K V Campbell (AM)
CHAIRMAN

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