Notice of Annual General Meeting
Oct 15, 2010
ASX RELEASE – Friday, 15 October 2010
- PROPOSED NAME CHANGE TO JUMBO INTERACTIVE LIMITED
- PROPOSED ISSUE OF SHARE OPTIONS, ADOPTION OF NEW CONSTITUTION AND DIVIDEND REINVESTMENT PLAN
- GENERAL COMPANY UPDATE
Manaccom Corporation Limited is pleased to give notice of the Annual General Meeting of the Shareholders, to be held in The Polo Club, 1 Eagle Street, Brisbane, 5pm Monday 15 November 2010. A change of name to JUMBO INTERACTIVE LIMITED is proposed to reflect the Company’s rapid growth and future plans in the Internet lottery industry. Directors believe that this name expresses the forward direction of the Company as it seeks to build on its success in the Australian lottery market. The complete Notice of Annual General Meeting and Explanatory Memorandum is attached.
$15 million winning lottery ticket bought from OzLotteries.com An OzLotteries.com customer from country New South Wales was recently the sole winner of the $15 million OZ Lotto jackpot on 12 October 2010. The event was promoted and received good press coverage helping attract new customers to the website. Past promotions of Division One winners have succeeded in attracting new customers which help drive growth.
World Lotteries Association Convention - Brisbane, 31 October – 5 November, 2010 The popular WLA 2010 Convention and Trade Show (www.wla2010.com) is this year being held in Brisbane and is a major gathering of senior lottery executives from around the world. The Company will be actively involved as part of its international expansion plans. A key strategy for the lottery business is to build on its success in the Australian market and expand into the large US, Canadian, UK and European markets.
About Manaccom In 2000, the Company sold its first lottery ticket on the Internet. In 2005 it made the leap into national lotteries with the acquisition of TMS Global Services Pty Ltd and subsequently developed the successful OzLotteries.com website that is the backbone of the business today. Thousands of Australians each day play their lucky numbers in their favourite lottery games using this safe, secure and innovative website based on technology that has been in constant development for over 10 years. Just as travel, accommodation and car sales have made successful transitions to the Internet, lotteries are also going through an online transition and customers are finding the benefits offered by www.ozlotteries.com to be a very convenient way to purchase their regular lottery tickets. Lottery sales has grown from strength to strength rising from $25 million in 2008 to $42 million in 2009 and $66 million in 2010. This is driven by continuous website improvements in addition to various marketing initiatives that have opened up new Internet markets for lotteries. OzLotteries.com plays an important role in the Australian lottery industry with over $15 million in additional State Government revenue raised from sales in 2010. As well as continuing its growth in Australia, the Company is actively pursuing opportunities overseas, in particular the AUD$60 billion US market and the AUD$110 billion UK and European markets.
For further information: Mike Veverka CEO and Executive Director Ph: 07 3831 3705