quarterly activities report - applabs...

QUARTERLY ACTIVITIES REPORT

Period ended 31 December 2014

1

Applabs Technologies Ltd (ASX:ALA) is the first ASX listed app development and technology venture fund company.

The Company offers a unique business model of both an app developer and a technology financer, enabling the Company to produce apps for customers as well as the ability to fund, develop and market exciting new leading edge Apps internally.

Company Snapshot as at 31 Dec 2014

ASX: ALA Shares on issue: 42,861,754 Options: 35,619,920 Options exercisable at $0.25 on or before 21 May 2016 Market Cap: ~$8.02m Directors Patrick Glovac Managing Director Rocco Tassone Non-‐Executive Director Charles Thomas Non-‐Executive Director Charly Duffy Company Secretary Jane Morgan Investor & Media Relations www.applabs.com.au

The Board of Applabs Technologies Ltd (ASX:ALA) (“Applabs” or the “Company”) is pleased to provide shareholders with an update on the activities of the Company during the period ending 31 December 2014.

HIGHLIGHTS

Internal App Development & Fee for Service Division update

• Applabs achieves ~500% increase in sales during the December 2014 quarter

• Home Open appointed ex. CEO of realestate.com.au, Jamie Pride to Board of Advisors

• Home Open appointed a dedicated Sales Executive, Mark Matear, to accelerate Western Australian agent signup process

Venture Capital Division Update

• One of Applabs’ investment companies, xTV Networks Ltd, successfully raised $6M for the purpose of acquiring MppApps Inc (another Applabs investment company) and re-‐listing on the ASX

• Chat Center advances development for launch of new version complete with paid services for SMB’s

• PAY2DAY product launched and is now undertaking solid beta testing

• RosterElf launches updated website • PositivFlo has completed the development of the

PositivFlo app for Personal Trainers

After Balance Date Events

• Liberty Resources Limited, another Applabs investment company, exercises option to acquire $5.9 million revenue generating company, Cirrus Networks Pty Ltd

• Development of growth path and expansion of Applabs’ Fee for Service Division

Applabs Technologies Ltd (ASX:ALA) I Quarterly Activities Report

•

Applabs Managing Director, Patrick Glovac, commented:

“The growth achieved in our internal app development and fee for services divisions, coupled with our success in the venture capital division, is an excellent result for our first year of listing. Our experienced Board of Directors and dedicated team are committed to increasing value by advancing both divisions in the Applabs business model.

With the business now marking its one year anniversary, we look forward to continue delivering growth to our shareholders in 2015.”

APP DEVELOPMENT AND FEE FOR SERVICE DIVISION

As announced to the market on 19th January 2015, Applabs internal Fee for Service Division had ~500% increase in customer receipts from ~$460,000 to ~$920,000. The Company currently has 21 projects underway with various completion dates and payments based on development milestones.

HOME OPEN

During the quarter, Applabs announced the appointment of Jamie Pride, ex CEO of realestate.com.au, as Chairman of the Advisory Board to Home Open. To further assist Home Open with its near term growth objectives, the Company also appointed Mr Mark Matear to assist with agent signups in WA. Mark has extensive experience in this field as an ex Sales Executive for The West Australian newspaper focusing on the real estate sector.

Jamie and Mark’s experience are an invaluable addition to the Home Open team.

In addition to the new appointments, the Company also launched v2 of the Home Open iPhone application. New mapping features have been integrated into the application along with improved messaging features directly with agents.


RosterElf

RosterElf had a very successful quarter announcing the launch of a new enhanced website. The new website was a key milestone in the anticipated global expansion.

In addition to the launch, RosterElf developed a strategic Search Engine Optimisation and Search Engine Marketing campaign, which have returned extremely positive results, including a ~700% increase in customer uptakes over a 3 month period.

PAY2DAY

During the quarter, PAY2DAY launched the product with beta customers as well as establishing strategic positions with key players who will be instrumental in the success of the app.

PositivFlo

Development of the PositivFlo app for personal trainers was completed during the quarter. The main features of the app seamlessly combine scheduling, automated billing and client management.

The ‘App’ will move into a Beta testing phase over the next few weeks with the goal of achieving a full national roll out by the 2nd Quarter of 2015.

Updates can be found on the PositivFlo Website (www.positivflo.com).


xTV Networks Limited

In December 2014, xTV Networks Limited (“xTV”) completed a successful capital raising of the maximum amount of $6 million under its December prospectus. Completion of the capital raising is one of the final conditions precedent to the acquisition by xTV of 100% of the shares in MppApps Inc. (“MppApps”). MppApps, another Applabs investment company, has also had success with the announcement that it has now moved into the lucrative Chinese market through Chinese incubator, Innovalley.

xTV is currently finalising its recompliance with Chapters 1 & 2 of the ASX Listing Rules and proceeding to settlement of the acquisition of MppApps.

Liberty Resources Limited

One of Applabs investment portfolio companies, Liberty Resources Limited (ASX:LBY) announced that it had exercised its option to acquire 100% of Cirrus Networks Pty Ltd.

The Western Australian based information technology integrator recorded an unaudited revenue of A$5.9M for the year ending June 2014, through well known Australian clients including Argyle Diamond Limited, Western Australian Police, Royal Hill Iron Ore, LandCorp and Independence Group NL.

The corporate transactions facilitated by Applabs further evidence the success of the Company’s venture capital division business model.


Corporate Expansion

With the quarterly success of the Fee for Service Division, Applabs have begun developing a strategic growth and division expansion plan, which also includes attractive bolt-‐on acquisitions.

Budgetary details are currently being formulated for the Company’s expansion to the East Coast of Australia as well as additional acquisitions & investments which will create new opportunities for the Applabs Fee for Service Division to generate additional revenue via offering new products to its clients.

Applabs Technologies Ltd

Applabs Technologies Ltd (ASX:ALA) is the first ASX listed app development and technology venture fund company. The Company offers a unique business model of both an app developer and a technology financer, enabling the Company to produce apps for customers as well as the ability to fund, develop and market exciting new leading edge apps internally.

For further Information, please contact

Charly Duffy Jane Morgan [email protected] + 61 (0) 405 555 618

www.twitter.com/applabstech www.facebook.com/applabstechnologies

www.applabs.com.au www.applabs.tv

TV

quarterly activities report - applabs...

Documents