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August/September 2010

INVESTMENT OPPORTUNITIES FOR WHOLESALE, SOPHISTICATED AND HIGH NET WORTH INVESTORS

Pooled development fund focussed on diagnostic technology investment (16)

Unique agriculture opportunity targeting prime assets; sheep grazing & broad acre cropping (31)

Cobar Basin exploration company set to become a globally significant silver producer (23)

State-of-the-art wing-In-ground craft, using advanced aeronautical and marine technology (25)

Aggressive Canadian based oil and gas business with dual access to Australian and Canadian markets (22)

Innovative biopharmaceutical company commercialising Bacteriophage therapy (20)

Plus:

Global resource industry is set for growth; are you ready? (9) Forgotten benefits of an IPO (10) Microcap companies an attractive investment opportunity (10) Entrepreneur Spotlight with Sylvia Tulloch (11) Wholesale Investor National Survey – Quarter Two Results (12) No. 1 ranked Australian Equity Fund with 5 Star Morningstar rating (15) ASX Listed biotech focussed on peptide-based biopharmaceuticals (18) Pre-IPO Pharmaceutical  company with pipeline of anti-cancer therapeutics (19) National retail chain providing household clean technology solutions (24)

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capital expo capital expo Theevent eventfor forthe thePriv Priv ate,Pre-IPO Pre-IPO and and Small The ate, Small Cap CapSpace Space For one day, over 30 Private, Pre-IPO and Small Forjust just one day, over 30 Private, Pre-IPO and Cap ASXCap Listed companies and 300 investors and Small ASX Listed companies and 300 service providers will converge at will the converge Wholesale investors and service providers Investor Expo. A day for the industry at the Capital Wholesale Investor Capital Expo. Ato come together, and fortoinvestors to get access day for the industry come together, and forto the latest high growth opportunities. investors to get access to the latest high growth opportunities. • On show will be companies from 6 Key • On show will be companies from 6 Key •Sectors: Sectors In the market place •• Mining / Mining Services • Mining / Mining Services •• Cleantech • Cleantech •• Healthcare / Biotech • Healthcare / Biotech • ••Property Services Property//Financial Financial Services • • ICT / Online •• ICT / Online Pre-IPO/ /ASX ASX Listed ••Pre-IPO Listed The Wholesale Investor Capital Expo is the first The Wholesale Investor Capital Expo is the first of its kind, where Industry leaders, investors, of its kind, where Industry leaders, investors, service providers and growth companies have service providers and growth companies have the the opportunity to meet, network and create opportunity to meet, network and create strategic strategic long-term relationships. long-term relationships.

Monday 13th September Date: NSWMonday Industry13th andSeptember Investment, Time: 1pm to 9pm Hilton Hotel Venue: Hotel St Sydney Level H 2,ilton 488 George Level 1pm to 9pm2, 488 George St Sydney Cost: FREE for Wholesale Investor subscribers Principal Sponsor

Support Partners:

An Event for Industry Leaders, Investors, Media and Service Providers An Event for Industry Leaders, Investors, Media and Service Providers wholesaleinvestor.com.au

2 To register, or for more information, contact Wholesale Investor on 1300 597 595 or at info@wholesaleinvestor.com.au

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w August/September 2010

Contents Wholesale Investor Magazine is published by Wholesale Investor Pty Ltd ACN 131 512 715 Managing Director - Steve Torso Publisher - Reuben Buchanan Senior Account Managers: - Milton Papadopoulos - Kevin Brown - Matt Hayne - Anthony Panoyan Editor - Michelle Smith Directors Steve Torso – Managing Director Reuben Buchanan – Executive Director Domenic Carosa – Non Executive Director Advisory board - Tim Trumper Sydney: Address - Suite 204, 66 King St. Sydney Phone - 1300 597 595 Melbourne: Address - Suite 2, 150 Chestnut St, Richmond 3121 Phone - 1300 899 171 Web - www.wholesaleinvestor.com.au Editorial Enquiries editorial@wholesaleinvestor.com.au Advertising Enquiries advertising@wholesaleinvestor.com.au Listing Enquiries capital@wholesaleinvestor.com.au 1300 597 595 Subscription Enquiries subscribe@wholesaleinvestor.com.au Design/Layout - Dan Segal The Creative www.dansegal.com.au Printer - GEON Group www.geongroup.com Distribution - D&D Mailing www.ddmail.com.au

Disclaimer

Editorial 4

Letter from the Managing Director

5

Upcoming Events

6

Company Updates

9

The global resource industry is set for growth; are you ready?

10

Forgotten Benefits of an IPO

10

Microcap companies can be an attractive investment opportunity

11

Entrepreneur Spotlight

12

Quarterly Wholesale Investor National Survey Results Quarter Two, April - June 2010

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Communicating with Investors from Private to Public

By Trent Donnelly, Executive Director Corporate Finance & New Products, Ord Minnett By Craig Dunstan, Executive Director, D H Flinders Limited, Corporate Advisors

With Sylvia Tulloch - Serial Clean-Tech Entrepreneur

By Greg Dooley, Managing Director, Computershare Investor Services

Opportunities 15 16 18 19 20 22 23

This Publication contains prominent statements appropriate for the particular medium by which the Publication is made to the effect that:

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(A)the information contained in the Publication about the proposed business opportunity and the securities or scheme interests is not intended to be the only information on which the investment decision is made and is not a substitute for a disclosure document, Product Disclosure Statement or any other notice that may be required under the Act, as that Act may apply to the investment. Detailed information may be needed to make an investment decision, for example: financial statements; a business plan; information about ownership of intellectual or industrial property; or expert opinions including valuations or auditors’ reports; and

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(B)a prospective investor is strongly advised to take appropriate professional advice before accepting an offer for issue or sale of any securities or scheme interests;

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For more information, please visit our website www.wholesaleinvestor.com.au or email info@wholesaleinvestor.com.au

By David Tasker, National Director, Investor Relations, Professional Public Relations

25 28 29 30 31 32 34 36 37

Wilson HTM Priority Growth Fund ATF Group (PDF) Phylogica (ASX:PYC) Pico Pharmaceuticals Special Phage Holdings Mako Energy Cobar Consolidated Resources (ASX:CCU) Planet Power Energy Aeroship Commercial Ltd Vogue Management Eclipse Uranium EcoQuest (ASX:ECQ) EasyFood Agriculture Opportunity Barefoot Power Cloncurry Metals (ASX:CLU) AG Delta Phase Changer Ceduna Keys Developments Listing Index

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Letter from the Managing Director In July Wholesale Investor held the second series of Keys to a Successful IPO Workshops in conjunction with the ASX, designed to introduce private small cap companies to the fundamentals of Initial Public Offering (IPO) planning from a financial, legal, fundraising and broking perspective. These workshops were a great success with over 100 people attending throughout Sydney and Melbourne benefitting from the combined experience of the ASX, Norton Rose, PricewaterhouseCoopers, Bell Potter Securities and Wholesale Investor’s own Reuben Buchanan. The feedback from attendees was that this information is highly sought after by companies looking to list in the next 1-2 years. Wholesale Investor is proud to be involved in providing this valuable information to the market place. In this edition we also reveal the results from our latest National Investor Survey. This quarter we discovered sophisticated investors are turning their attention to Asia, looking to be active in their investments and believe the top 3 sectors for investment over the next 12 months are Cleantech (42.7%), Mining (30.0%) and Internet/IT (28.2%). In other great news, we have been very proud to see 7 of our clients receive nationwide media exposure in leading Australian publications. The companies featured included EcoQuest, Spark Solar, Gratuk, EasyFood, Pacific Retail Management and QBiotics in the BRW and Special Phage Holdings in The Australian.

Wholesale Investor Capital Expo This momentum has provided the framework for one of the most exciting events for the Private, Pre-IPO and Small Cap Space. I am pleased to announce that Wholesale Investor will be hosting the inaugural Wholesale Investor Capital Expo. 1 day, 30 companies and up to 300 investors, brokers, media and industry participants will converge at the Hilton Hotel on September 13th. The expo is designed to bring the entire industry together. It will also provide a great platform to showcase Australia’s leading technology, online, biotech, healthcare, mining, property and financial service companies. With PricewaterhouseCoopers, BoardroomRadio, Computershare, Datamonitor and Patersons as partners for the event and with more to be announced shortly, we look forward to inviting you to join us on Monday September 13th.

Recent Media Coverage

If you would like to enquire about showcasing your company at the WI Capital Expo, we only have a few spots remaining. Email us at expo@wholesaleinvestor.com.au or contact the office in Sydney on 1300 597 595 See you then. Regards, Steve Torso – Managing Director, Wholesale Investor Magazine

Steve Torso Managing Director

Michelle Smith Editor

Recent Wholesale Investor Events

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Upcoming Events August 20th, 11.30am Holiday Inn, Perth

Investor Opportunity and Networking Lunch PERTH

Connecting Capital with Asian Clean Technology Innovations

The Wholesale Investor Opportunity and Networking Event Perth provides you with the opportunity to network with CEOs, investors and brokers over a sit down lunch, followed by presentations from 6 ASX Listed Mining and Energy companies.

Accessing Asian Clean Technology Investment, Licensing Rights, Partnerships and Capital with innovators, investors, governments and industry players.

To register for this event, or for more information go to: www.wholesaleinvestor.com.au “Events” and click on “Investor Opportunity and Networking Lunch PERTH”

Clean Technology Investment World Asia is Asia’s definite platform where investors, financiers, energy users, governments, clean technology innovators and business leaders convene to identify investment opportunities, raise capital, access licensing rights to new innovative technologies and form strategic partnerships. To register for this event, or for more information go to: http://www.terrapinn.com/2010/cleantechasia/

Where miners and investors evaluate lucrative investment opportunities and access innovative sources of capital The Australia Mining Congress 2010 will bring together mining and capital markets to discuss the investment, exploration and financing opportunities in Australia’s mining sector. The event is a platform where asset consultants, fund managers, venture capitalists, brokers, direct investors, and mining CEOs will discuss innovative sources of capital, mining investment opportunities, exploration updates and strategies to drive the expansion of the mining sector as it comes out of the credit crunch. To register for this event, or for more information go to: http://www.terrapinn.com/2010/amc/

Agriculture Outlook 2010 brings together farmland owners/ operators, investors, buyers and government to strategise on how to manage supply threats, ensure sustainable agricultural export and attract significant investment. • Gain insight into regulation and how it will affect the sector • Understand the benefits and the avenues to invest in agriculture • Hear from farm operators on how they are coping with the current economic environment and climate change • Identify methods for the promotion of agriculture as an export market • Learn how to make your business attractive to investment • Gain access to the premium investment opportunities

REIW AUSTRALIA 2010 - WHERE OFFSHORE INSTITUTIONAL CAPITAL MEETS AUSTRALIAN PROPERTY PLAYERS

• Understand how regulation will affect your operations in agriculture To register for this event, or for more information go to: http://www.terrapinn.com/2010/ago/

This event will bring together private banks, wealth managers, financial advisors, dealer groups and platform providers to discuss the changes the economic down turn has forced upon the industry. Key issues that will be addressed include: • Ensuring products are easier to understand and transparent • Changing the business model to be more customer centric • Ensuring relationship managers need to learn new skills and get more training to fully meet the needs of the clients • The need to outsource non-core activities (operation models need to be re-shaped and processes improved) • Picking longer term investments • Wealth managers need to cope with increasing political, fiscal and regulatory pressures To register for this event, or for more information go to: http://www.terrapinn.com/2010/pbw/

SYDNEY EXHIBITION CENTRE - 29th & 30th October 2010 Symposium have teamed up with the Trading and Investing Expo to enable investors and resource companies to connect during a two day exhibition. Australia is in an enviable position with its wealth of resources. These expos represent a unique opportunity for resource and energy companies to connect with investors, and investors to learn about opportunities in the resource sector directly from senior management. To register for this event, or for more information go to: http://www.symposium.net.au/ OR http://www.tradingandinvestingexpo.com.au/

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Company Updates For more information regarding the companies below, please go to wholesaleinvestor.com.au, click on View Investment Opportunities and search by their name.

BAREFOOT POWER RECEIVES €1,000,000 GRANT AND FEATURES ON THE NEW INVENTORS (ABC) July has been an exciting month for Barefoot Power, with significant developments from the awardwinning energy company including receiving a €1,000,000 Grant and featuring on The New Inventors (ABC).

Barefoot Power receives €1,000,000 Grant

which had recently won 2 World Bank product quality awards from the Lighting Africa project. Given the short time available, the rest of our range of 10-20 products that also feature solar powered LED lighting and phone charging were not featured in the show. Our relationships with major microfinance partners, financial innovations and revolutionary carbon credit monitoring methodologies were also unable to be featured. Other opportunities to showcase these many examples of innovation by the team will be generated in the months to come.

Barefoot Power has received a €1mill Grant from GEEREF to assist the company in working towards their mission of building social entrepreneurship in Africa and eliminating the use of kerosene for lighting. GEEREF is a Public Private Partnership (PPP) drawn from the Patient Capital Initiative (PCI) which was launched in 2004. GEEREF aims to accelerate the transfer, development, use and enforcement of environmentally sound technologies for the world’s poorer regions, helping to bring secure, clean and affordable energy to local people.

Barefoot Power featured on The New Inventors (ABC) Harry Andrews (Founder and Africa Manager) and Sam Andrews (China Operations Manager) were invited to appear on the show. This was an excellent opportunity to showcase one of our products

BRIGHTGREEN DAZZLES COMPETITION, WINNING 2ND MAJOR DESIGN AWARD

TAILORED FRANCHISE HOLDINGS CURRENTLY IN NEGOTIATIONS FOR MULTI-MILLION DOLLAR DEAL

Brightgreen has yet again outshone local and international competition to win the coveted “Best New Product” award at the Designbuild 2010 show in Melbourne this July. This is the second major award for Brightgreen’s patented and design-registered D900 product in the last 2 months.

Tailored Franchise Holdings is currently doing due-diligence on a multi-million dollar deal that will position it as a leader and innovator within multi-brand franchising. This has necessitated changes to the original offer due to the size of the current opportunities.

These awards highlight the fact that Brightgreen is more than just a world leader in LED downlighting luminescence. Brightgreen brings to market the rare, total design package of form, function & beauty in the shape of brilliantly simple and practical lighting solutions.

It is currently finalising negotiations with 3 interested investors and due to the size of the current opportunities it is now looking for more investors to take part in this much bigger project that will bring significant revenue to the company along with many franchise points of presence both nationally and internationally.

And the numbers are dazzling too! Over 120 local retailers & stockists; 42% increase in sales volumes; international interest from US & UAE.

TFH will retain only a 30% interest in the new company and Tailored Franchise Management will be engaged to manage the day to day running of the business. For more details of the very exciting developments to the offer please contact Damian Taylor.

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Company Updates VOGUE MANAGEMENT PREPARES FOR LAUNCH During the month of July, the Company has signed several vendor option agreements with licensed real estate agencies in Western Australia and Queensland, for the aggregation of 3,900 residential management agreements (RMAs) to be consolidated into a public company which will be merged with a listed company for an application to re-quote in or around MANAGEMENT LIMITED October of 2010, on the Australian Stock Exchange. The initial rental agreements were vended in from seven established companies, for a combination of cash and shares, to form the first hub offices for the national network. This document is to raise sufficient capital to pay for the first 50% of these rental rolls, with the balance vended in for shares. All future rental rolls will be purchased for cash or a combination of cash/ shares. The company will be 25 hub offices in nine cities within 2 years. The offer document has been extended until August 16th and may take an oversubscription to cater for the additional properties under option.

PRODUCTS ADDED TO GRATUK RANGE

The Gratuk team are pushing ahead with the development of a range of veterinary treatments for use on dogs, cats and horses, based on the successful human treatments using the same technology. Several products have been added to the range and Gratuk is actively seeking investment to finish the development and commercialisation. A contract has been signed with an Australian pharmaceutical manufacturer to produce small commercial scale volumes of the products which will immediately push Gratuk into profits when development is finalised. Products will be released in a staged program so early releases will fund later released products Directors are increasingly confident of early success, based on market reaction to the products.

COMPANIES SIGNING HEADS OF AGREEMENT WITH WIRELESS NATION CONTINUES TO GROW Wireless Nation is an aggregation of independent businesses in the distribution channel of the two-way radio industry in Australia. Each business to be assimilated in the roll-up is long established, successful and profitable. After consolidation Wireless Nation will have a countrywide presence serving government and corporate customers with leading edge wireless communication products and services. There are very strong growth strategies to more than double the revenues and EBIT in 3 years. Since opening this capital raising round, $270,000 of the offering has already been subscribed. The number of businesses having signed heads of agreements in preparation for the acquisition phase continues to grow.

COSMETIC CHOICE REGISTERS DOMAINS FOR MAJOR INTERNATIONAL MARKETS Cosmetic Choice is Australia’s leading online Health, Beauty and Wellbeing Directory with 90.000 listings and growing. Targeted to professional service providers and suppliers of quality products, as well as industry suppliers, the global market it addresses is estimated to be worth $800 billion. The Australian industry alone is estimated at over $3 billion. Growth rates are also exceptional in wellbeing and cosmetic surgery where consumers are always searching for information and professional services. Cosmetic choice has the Domains for the American, Canadian and key European markets as well as Asia Pacific markets. The directory site has excellent positioning on Google and is constantly being updated with articles and information to guide consumers in their choice of provider and health, beauty and wellbeing decisions. The site is supported by a marketing team with directory and online experience and email marketing is being used successfully to maintain leadership, growth and customer choice online. Investment parcels are available so you can join the small exclusive existing investors in this exciting and unique opportunity. For further information please contact Mathew Jafarzedeh at info@cosmeticchoice. com.au

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Company Updates ECOQUEST SIGNS ELKA WHALAN TO LAUNCH LITTLE TAKAS Australian swimming great Elka Whalan (nee Graham) has been signed up to launch our environmentally friendly Little Takas disposable nappy range. Little Takas nappies are certified 90% biodegradable and Elka’s newborn baby Nevada and Elka will be our ambassadors. Eco Quest Ltd bases its sales and marketing operation in Europe and Australia. Both internet sales and wholesale/retail outlet sales are due to commence imminently of the Little Takas brand.

KFSU & AEV SIGN COSTA RICA JOINT VENTURE AGREEMENT In Japan, KFSU recently hosted Jose Alvaro Jenkins, the owner of the Sugar Mill and Farm “AEV” in Costa Rica, to negotiate their Joint Venture for northern hemisphere manufacturing. The purpose of the visit was to meet with KFSU customers and technology suppliers so that Jose was confident of success if the JV was to proceed. After meeting with customers and technology suppliers Jose felt that KFSU has enough support in Japan to move forward with the Joint Venture. On the 10th July 2010 AEV & KFSU signed a joint venture agreement outlining that AEV would fund the Costa Rica JV to the sum of four million dollars and KFSU would be responsible for sales, marketing, branding and IP, with profits to be split 50/50. This document is subject to board approval, however KFSU is confident this will move forward. This document is now available for perusal as part of the document vault for due diligence.

Easyfood Sustains Jessica Watson on her epic voyage EasyFood Limited provided eight months worth of Ready Meals to Jessica on her epic and successful around the world sailing conquest and following this successful partnership, Jessica is now a shareholder in EasyFood Limited. Jessica selected EasyFood’s meals as they not only met nutritional needs and provided her with variety, but also encompassed extensive shelf life, without refrigeration, of up to 18 months after manufacture. This was a critical element in the selection of Jessica’s meals for her voyage. There is no other food technology in the world that can provide such an extended shelf life, whilst also providing Home Cooked comfort and the essential nutrients required for a healthy diet.

Easyfood Limited products to be distributed through 2,000 boots pharmacies in the UK EasyFood Limited (“EasyFood”) is pleased to announce that their meals will soon be launched in the prestigious Boots Pharmacy chain in the United Kingdom. The program will see EasyFood manufacture a range of meals for local partner Tony Ferguson for sale through over 2,000 Boots Pharmacies, subject to specifications. Boots are one of the largest pharmacy chains in the United Kingdom. EasyFood meals are already stocked in 1,600 Lloyds pharmacies under another of their customers, Optislim’s brand. That means EasyFood’s products would be stocked in over 3,600 pharmacies in the region.

In January 2011, in partnership with EasyFood, Jessica will launch her voyage related book and documentary into the US Adventure market.

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The global resource industry is set for growth;

are you ready? By David Tasker, National Director, Investor Relations, Professional Public Relations

Investing in the stock market, especially in resource stocks, is an inherently volatile business. Just ask any broker, analyst or investor who has been in the industry for any period and they’ll tell you that for every success story there are stories of investors who have lost thousands trying to find that hidden gem. However the market moves quickly. In the early 2000s, mining and energy stocks were seen as the poor cousin to the more highly promoted manufacturing sector on the Australian market.

“Now is the time for Australian mining and energy stocks to have their time in the sun.” Australia is in a unique position. With the rest of the developed world being exposed to low GDP growth and devalued currencies, Australia has enjoyed a continuing boom in mining exports, a strong dollar and low unemployment. The main driver for resources is demand for Australian minerals and gas being driven by the industrialisation and urbanisation of China and India. We have seen companies with a clear strategy and which follow a structured program to consistently update current and potential investors on their performance against key milestones are the ones which achieve the most market traction. This has been particularly important in the recently uncertain economic environment as investors are highly sensitive to information from companies. When there is strong market volatility - companies need to be proactive and visible. For a company to rise above the crowd it needs an effective investor relations strategy to ensure shareholder value is recognised.

My advice for companies wanting to implement an effective IR program is: 1.  Understand your investors. By understanding who your investors are, what your investors are looking for, and how they would like to receive information you’ll be in a much better position to retain current investors or attract new ones. Often investors will be interested in more than the share price and want financial ratios, evidence of a strong management and growth plans. 2. Keep the market informed of developments and events that may influence your share price. Investors don’t just want to hear from you when your company is in a capital raising phase. They want to be able to be regularly assured that your company is on the right track to deliver outcomes. 3.  Investors and analysts can receive hundreds of announcements each day – you need to deliver news that makes you stand out from the crowd. Turn your company’s story into an investment proposition that will get their attention. Ask yourself “Would I invest in that company?” 4. Be honest. Give a clear, honest and accurate picture of your company’s performance and prospects for the future. 5. Be consistent. Investors keep notes. If you are talking to someone about the latest quarter’s results, it is highly likely they will have in front of them their notes from the same quarter last year. Nothing frustrates investors more than changing your story or the way you present data.

Small cap companies face many challenges in getting their story across to the investment community. It is difficult for them to get attention from the financial media and almost impossible to obtain any kind of analyst coverage or research. Although we find it’s important to regularly gain media attention for our clients’ projects, we find it just as important to reach out to the investor market through a more targeted approach such as broker road shows, company showcases, site visits and regular company progress reports. Often the mistake many companies make is not talking to its shareholders regularly enough. It doesn’t need to be the hard sell – many investors just want to be assured the company is moving in the right direction and has a strong Board and management structure in place.

About PPR PPR is an international public relations firm with wholly owned offices across Australasia, in New Zealand, Hong Kong, Singapore and China. PPR has a dedicated Investor Relations (IR) division which is among the largest and most experienced in the region.

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Forgotten Benefits

of an IPO

Microcap companies can be an attractive investment opportunity

By Trent Donnelly, Executive Director Corporate Finance & New Products, Ord Minnett

By, Craig Dunstan, Executive Director, D H Flinders Limited, Corporate Advisors

When considering an IPO many companies focus on the obvious “financial” outcomes, such as independent valuation, liquidity and access to capital. While these are always important, there are many other benefits to an IPO that are often forgotten but can be equally as important and beneficial to a company’s longevity.

Most investors either directly or through their superannuation fund are likely to have an exposure to an investment in many of Australia’s largest companies such as BHP Billiton, Commonwealth Bank and Wesfarmers.

Increased Profile An IPO is viewed as a significant positive achievement for any company. The rigours of IPO due diligence and meeting with the ASX compliance regime are seen by customers and peers alike as a material test of a company’s controls, systems, financial stability and management. Successfully passing these tests provides current and potential customers with an increased sense of comfort regarding a company’s financial longevity and corporate governance. These traits can be particularly beneficial where a company is offering an intangible service, tendering for government contracts or required to commit to long term service agreements. We have seen numerous instances where a company’s ASX listing has helped them secure a major new client. IPO’s also have the benefit of raising a company’s profile within the media through editorial comment on the IPO and the company’s ongoing performance. Succession Planning Succession planning can be a sensitive issue for many private companies, as there is often a material amount of wealth tied up in a business. A sale of that business can unlock that wealth at the cost of losing control of a business that may have been built up over many years or generations. An IPO can provide a unique way for major shareholders to realise a portion of their investment in a company while still maintaining responsibility for the operational and strategic direction of the business. An IPO can also provide an opportunity to inject new management talent into the company through the provision of a clear career path and the opportunity to invest alongside other shareholders.

These companies are followed by most of the stockbrokers and investment managers in the country as well as media outlets. It is fair to say that the market for these types of companies tends to be relatively efficient. It is difficult for an analyst or investor to come up with any information or insight not commonly known. As a consequence, it is difficult to outperform the market when investing in very large companies. At the other end of the market are the smaller companies. There are over 1,700 ASX listed companies with a market capitalisation of less than $250 million. These companies are called microcap companies. This group of companies are not start-ups with many of them being long established companies with many owning leading brand names. Amongst Australia’s microcap companies are such well known groups as:Patties Foods, the maker of Four ‘n Twenty Pies; Chandler Macleod, human resources firm; Regional Express, the REX airline; Cash Converters; Nick Scali, furniture retailer; Noni B, fashion chain; Cedar Woods, residential developer; Clean Seas Tuna; Kresta, the blind manufacturer; Calliden Insurance Group; Hunter Hall, investment managers; and Equity Trustees, financial services firm. Microcap companies represent a dynamic segment of the Australian share market. The sharemarket can provide these potentially high growth companies with the capital to move to the next stage of their development. One of the potentially rewarding aspects of the microcap market is that these companies are frequently undervalued by the market due to the shortage of institutional investors who invest in them. These companies generally receive less media coverage than larger companies, have fewer analysts researching them and few investment funds investing in them. The market tends to, therefore, be less efficient in these smaller companies which presents opportunities for investors prepared to do their homework.

Staff Recruitment and Retention

Many smaller companies have higher growth rates than their larger peers and are frequently engaged in discovering new products and exploring new markets.

Attracting, motivating and retaining the right staff is a key ingredient to success for all companies.

Whilst in economically tough times they are less insulated than larger companies when markets improve they tend to outperform.

Employees view publicly listed companies in a positive light for many of the same reasons as customers and peers. That is, they have a greater sense of financial stability, clear corporate governance policies, transparency in their operations and attract quality senior management.

Professional and dedicated investing in microcap companies began only in 1998 with the establishment of specialist microcap investor Acorn Capital Limited. Since then other firms such as Contango Microcap Limited and Microcapequities have established specialist microcap funds.

Public companies have the added bonus of being able to offer valued employees with the opportunity to share in the success of the business through shares and options that are liquid.

The potential for outperformance of microcap shares is illustrated by the return of the Contango microcap portfolio of 20.5% p.a. over the 5 year period to 31 March 2010 compared to the All Ordinaries Index return over the same period of 8.0% per annum. The All Ordinaries Index measure the performance of larger companies.

Board Expertise Many private businesses are nervous about the addition of new Directors to their business ahead of an IPO and often express a concern that they will not add value. A properly constructed board of Directors regularly does the reverse and challenges an entrepreneurial Managing Director to expand their focus into new areas, provide new contacts and insights into new and exciting areas of growth opportunity. About Trent Donnelly Trent Donnelly is Executive Director Corporate Finance & New Products with Ord Minnett, a specialist wealth management firm incorporating full service stockbroking, financial planning, corporate finance, funds management and portfolio services. Ord Minnett has a specialist Emerging Companies team focussed on helping quality companies raise capital to grow.

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Microcap Investment Conference On 3 August 2010 corporate advisory firm, D H Flinders Limited held the 1st Annual Microcap Investment Conference in Melbourne. This event featured the CEOs or directors from twelve leading microcap companies presenting to an audience of professional and high net worth investors. The companies included energy retailer, Australian Power and Gas; internet kiosk provider pieNETWORKS; Patties Foods; electric motor scooter manufacturer Vmoto; resource companies Strike Resources and MEC Resources and others. This conference will be held in Australia annually with a similar conference focusing on Asian companies to be held in Asia each year. Further details can be obtained at www.microcapconferences.com

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Entrepreneur Spotlight

Sylvia Tulloch 1. What companies are you currently working with? • EcoQuest Limited – I was recently appointed Chairman of EcoQuest, which is an ASX listed company developing and soon to be supplying, biodegradable products, such as nappies which are certified 90% biodegradable. • Dyesol Limited – commercialising 3rd generation solar power technology – I was the founding Managing Director of ASX listed Dyesol, and am now a Non-Executive Director, and significant shareholder. • Perimeter Security Industries Pty Ltd – I am co-founder of PSI, commercialising fibreoptic sensor technology and systems for the commercial security sector. • Uniflow Power Ltd – I am a Non-Executive Director and significant shareholder of Uniflow, which is commercialising next generation steam engines for electricity generation, and associated energy efficiency products.

2. What are the 3 most important things you look for becoming involved with a company? • I have to understand the technology and/or market, and ideally both.

6. What advice do you have for young companies seeking to raise capital from investors?

• It must be either a Clean Technology company, or developing advanced technology products.

Look for investors who want to invest in a company like yours. Don’t look too generally. Again, focus is the key.

• There must be a meeting of minds with the founders.

3. Is there a particular stage of the business life cycle that you are most interested in? Commercialising technology is my special interest.

4. What international potential do you see for Australia’s innovative Clean Technology companies (AICTCs)?

7. You listed Dyesol on the Frankfurt Stock Exchange, would you recommend this as an avenue for young Australian companies seeking capital? Dyesol has not raised capital by listing on the German exchanges. Rather, Dyesol shares are traded there, and this has provided an international pricing benchmark for Dyesol shares. A higher share price, and greater trading volumes, have facilitated Dyesol raising funds elsewhere, principally in Australia, but also in Singapore and the UK.

All the companies I am working with are born global i.e. located in Australia but working towards global markets, with the greatest potential not in Australia. I think this is quite typical in the cleantech space.

5. What are the biggest problems facing AICTCs and how do the companies you are involved with plan to deal with that specifically? Getting the business model right is the first non technical challenge. Then learning to focus, in terms of both geography and market segment is often difficult, as it involves saying no or at least not yet, to opportunities outside the focus. A good funding plan, and a degree of luck are also vital.

Photo: Thomas Bloch Dyesol Solar Cell Technology

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Quarterly Wholesale Investor National Survey Quarter Two, April - June 2010 In your opinion, which 3 sectors will experience the most growth over the next 12 months? In your opinion, which 3 sectors will experience the most growth over the next 12 months? Cleantech/Greentech

42.7%

Cleantech/Greentech Mining/Mining Services

30.0%

Mining/Mining Services Internet/IT

30.0% 28.2%

Internet/IT Property/Construction/Housing

42.7%

28.2% 27.3%

Property/Construction/Housing Biotech/Life Sciences

22.7%

Biotech/Life Sciences Healthcare/Pharma

22.7% 21.8%

Healthcare/Pharma Financial/Professional Services

27.3%

21.8% 20.0%

Financial/Professional Services Agriculture

13.6%

Agriculture Industrial/Engineering

13.6% 8.2%

Industrial/Engineering Telecommunications

8.2% 8.2%

Telecommunications Education/Training

8.2% 7.3%

Education/Training Import/Export/Wholesale

7.3% 7.3%

Import/Export/Wholesale Media

5.5%7.3%

Media Retail

20.0%

What kind of investments are you seeking? What kind of investments are you seeking? 60.4% 60.4%

5.5% 4.5%

Retail Leisure/Entertainment

4.5% 4.5%

Leisure/Entertainment Food/Hospitality

4.5% 3.6%

Food/Hospitality Automotive

50.5%

50.5%

50.5%

50.5%

11.9%

2.7% 2.7%

Other Manufacturing Manufacturing *Note: respondents could select up to 3 options

31.7%

11.9%

3.6% 2.7%

Automotive Other

31.7%

2.7% 1.8%

Investment into private Investment companies into private

Investment into Pre-IPO Investment companies into Pre-IPO

1.8%

companies

companies

Investment into ASX Investment listed into ASX companies listed

*Note: respondents could select up tocompanies 3 options

*Note: respondents could select up to 3 options

Key Point: Cleantech (42.7%), Mining (30.0%), Internet/IT (28.2%), Property (27.3%) and Biotech/Life Sciences (22.7%) are the Key Point: Cleantech (42.7%), Mining (30.0%), Internet/IT (28.2%), sectors investors are seeking to invest in right now Property (27.3%) and Biotech/Life Sciences (22.7%) are the sectors investors are seeking to invest in right now

Investment into managed Investment & wholesale into managed funds & wholesale

Investment into property Investment deals into property deals

funds

*Note: respondents could select up to 3 options Key Point: 60.4% of investors are seeking to invest into Private companies. 50.5% are seeking Pre-IPO opportunities Key Point: 60.4% of investors are seeking to invest into Private companies. 50.5% are seeking Pre-IPO opportunities

Outside the obvious financial motivations, what other benefits do you seek when investing into Private Outside the obvious financial motivations, what other benefits do you seek when investing into Private companies? companies? 39.6% 39.6%

42.6% 36.6%

42.6%

36.6% 13.9%

24.8%

22.8%

24.8%

22.8% 6.9%

13.9%

6.9% Contribute Enjoy backing Ability to mentor Enjoyment of to your CEOs and guide directly entrepreneurs being associated Contribute to mentor Enjoy backing Ability Enjoyment of investment (skills, them away from who you like, with the CEOs and guide directly to your being associated entrepreneurs networks &(skills, IP) common trust and respect entrepreneurial them away from investment who you like, with the mistakes spirit networks & IP) common entrepreneurial trust and respect *Note: spirit respondents could select up to 3 options mistakes

Assist with raising additional Assist with capital raising and explore new additional capital opportunities and explore new

Strategic benefits you can receive Strategic benefits for youyour can current receive foroperations your current

opportunities

operations

Other Other

*Note: respondents could select up to 3 options

Key Point: Most investors are looking to contribute intellectual capital and business networks, along with financial capital, to their investments Key Point: Most investors are looking to contribute intellectual capital and business networks, along with financial capital, to their investments

The Wholesale Investor National Survey is an anonymous online survey conducted nationally each quarter. The survey is sent out to the Wholesale Investor registered subscriber base consisting of 7,100 individuals. Thank you to all of you who participated.

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How many people in your network are actively involved or invested into Private companies?

When investing into Private and Pre-IPO companies, what is your target IRR (Internal Rate of Return) p.a.?

25 - 35% - 31.3% 24.0%

10 and above - 24.0%

37.5%

31.3%

32.3%

Investments are strategic in nature and dependant on IP, distribution networks or other assets in the business or other - 20.8%

5 - 10 people - 11.5% 3 - 5 people - 27.0%

11.5%

1 - 3 people - 37.5% 20.8%

15.6%

15 - 25% - 32.3%

27.0%

Key Point: 35.5% of investors have over 5 people in their networks who are invested into private companies and may co-invest

Which geographical regions do you believe have the greatest export potential for Australian companies?

Key Point: 46.9% of investors are targeting an IRR of over 25% when investing into Private and Pre-IPO opportunities. 20.8% state investments are strategic

Which other geographical regions are you interested in investing into outside of Australia? 51.5%

83.2%

27.7% 23.8%

18.8%

14.9% 15.8%

11.9%

10.9%

11.9%

10.9%

8.9%

7.9%

6.9%

North Europe South Pacific America America

Africa

Other

Middle East

9.9% 1.0%

Asia

Middle North Europe East America

Africa

Pacific

South America

Other

Asia

*Note: respondents could select up to 3 options

*Note: respondents could select up to 3 options

Key Point: Asia is overwhelminingly believed to have the greatest export potential for Australian companies, with the Middle East second

On average, how long do you take to conduct Due Diligence before investing into a Private company?

Key Point: Asia and North America are the top 2 geographical regions for Australian investors

How many investments do you have in companies which are headed by a female CEO or MD?

8.9%

3.9% 15.8%

Less than 1 month - 15.8% 1 - 2 months - 24.8% 3 - 4 months - 16.8%

27.7%

24.8%

4%

16.8%

None - 71.8%

4 - 6 months - 4.0%

1 - 2 Companies - 24.3%

6 months and over - 2.0% It depends on thedeal - 27.7%

2%

24.3%

71.8%

Not yet invested into a private company - 8.9%

Key Point: 57.4% of investors will take up to 4 months to conduct due diligence on a company before investing

3 - 4 Companies - 3.9% 5 and above - 0%

Key Point: Only 28.2% of investors have investments in companies led by a female CEO or MD

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Communicating with investors,

From private to public By Greg Dooley, Managing Director, Computershare Investor Services

In a world of complex regulatory requirements, rapidly changing technology and increased competition for capital, both public and private companies face increasing pressure to sustain their growth and success in the marketplace. Following a strong period of strategic growth, Computershare has become the world’s largest and leading provider of registry-related services. This article aims to provide some practical insights and solutions, based on our experience in multiple jurisdictions, to common governance, stakeholder management and capital raising issues faced by companies currently in the private space or looking to go public. Effective registry management Whether a company remains private or decides to list publicly, effective registry management and stakeholder engagement is paramount – particularly given recent market turbulence. And for companies wanting to grow, the time and cost of self-managing this critical information becomes unviable. Companies therefore need to look for fully outsourced registry solution that takes a strategic view of a company’s registry management (both public and private) and offers a portfolio of integrated online tools and communication capabilities to help companies maximise the value and long-term loyalty of their stakeholder relationships. Standard services include processing of all transactions and forms, managing all stakeholder enquiries and delivering accurate reporting. Companies wishing to improve employee loyalty and engagement by offering an employee share plan, particularly during an IPO, can benefit from our in depth knowledge and understanding of the environment surrounding option and share based remuneration programs. Entity management and governance There has been a growing need for companies of all sizes to improve their corporate governance practices, and as regulatory burdens continue to increase, compliance with local and global regulations becomes vital, especially for those with multiple subsidiary responsibilities. The right share registry can help companies significantly reduce this burden by assisting with the management of critical corporate data and ensuring compliance with legal, tax, financial and regulatory agencies.

Integrated communications Communication delivery has always been vital, but embracing online channels is fast becoming the competitive edge for companies looking to increase loyalty and exchange information with their stakeholders.

Each communication channel – be it transactional, billing technologies or prospectuses and forms – must not only meet regulatory and security requirements, and statutory deadlines, but be used to enhance customer service and total brand experience. Specialised solutions are tailored to meet all communication and regulatory requirements, from graphic design and large volume printing, to document distribution, online presentation and delivery. Electronic IPO An electronic IPO solution can provide potential investors with a convenient online pre-registration and application option, which complements traditional print-based IPO processes by targeting over 50% of new investors entering the securities market through online broking. An electronic IPO can also help establish an online relationship with investors from the onset, leading to improved data integrity and ongoing print and mail cost savings. Influencing investor behaviour With the influence of dissident investors increasing and average initial response rates as low as 10-15%, gaining acceptance of your capital raising or maximising uptake of your IPO can be a significant challenge. It is therefore important to be able to locate and communicate with stakeholders, to secure their support and drive your corporate action across the line. Through our specialist proxy solicitation and investor communications firm we can help identify, locate and communicate with investors anywhere in the world. Accessing global capital In recent times there has been measureable growth in the number of Australian companies looking to capture capital from overseas markets, such as HK, Singapore, US, UK and, increasingly, Dubai. However, the complexity and evolving nature of today’s global market continues to pose serious challenges for companies seeking to attract and retain capital from international investors. Whether undertaking a multi-jurisdictional capital raising, adapting to new legislation or simply entering a new market, having access to trusted expertise will help navigate through the myriad of global capital markets. Leading technology The growth of electronic communications and the implications of social media have increased the expectations of investors, particularly in terms of the choice of mediums used, convenience and ability to self-serve information and speed to market – most notably when it comes to information and quality support. In recent years Computershare has invested over US$60 million per annum into research and development of our systems, ensuring the services and solutions available to Companies and their stakeholders are of the highest standard and delivered through the most secure and functionally rich platforms.

A trusted partner, each step of the way Whether an organisation remains private, or is looking to be listed locally or offshore, Computershare can be relied upon as a trusted partner at each and every stage of your corporate lifecycle. About Greg Dooley As Managing Director of Computershare Investor Services, Greg has ultimate responsibility for the provision of registry services to approximately 50% of all Australian publicly listed companies, as well as a large number of non-listed entities. To enquire or receive additional information on Computershare’s service offering, please contact Audrey Watson – National Business Development Manager on +61 2 8234 5379 or audrey.watson@comptuershare.com.au www.computershare.com

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1

The Priority Growth Fund is a 5 Star Morningstar rated fund¹ which has returned 25.7% p.a. since inception². Company Name Name Company Sector Sector Yr established established Yr Business stage stage Business Location Location Seeking Seeking

Wilson HTM Priority Growth Fund Investment Management Group dates back to 1895 Expansion Brisbane, Sydney & Melbourne Investors

Executive Summary The Wilson HTM Priority Growth Fund (the ‘Fund’) is the No. 1 ranked Australian Equity Fund over 3 years with the highest 5 Star Morningstar rating1. One of the Fund’s most attractive features is priority access to IPOs and other sought after capital raisings not always available to retail investors. The Priority Growth Fund has achieved some exceptional results, returning 25.7% per annum since its inception in 20052. This is more than 9 times the equivalent return of the S&P/ASX Small Ordinaries Accumulation Index, the Fund’s benchmark index, and 5 times the return of the All Ordinaries Accumulation Index over the same period2.

Competitive Advantages The Wilson HTM Priority Growth Fund offers investors: • Expert management: The expertise of over 45 research, corporate finance and investment management professionals with an average of 13 years experience each, and one of Australia’s largest mid cap research teams. • Priority access: Guaranteed, priority access to IPOs and other sought after capital raisings. • Value for money: No entry, exit or ongoing adviser fees are charged on direct investments3.

Key Investment Highlights • Genuine Diversification: An actively managed portfolio of up to 40 Australian growth companies across multiple industry sectors including healthcare, energy, industrials and materials. • Independent Validation: No. 1 ranked Australian Equity Fund over 3 years with the highest 5 Star Morningstar rating1 since January 2009.

Board & Management: Steven Wilson (BCom, LLB, Hon PHD, FAICD, F FIN, MSAA) Executive Chairman & Investment Committee Head Steven has 31 years experience in investment banking, funds management and stockbroking and is also a Qld Supreme Court solicitor. Sandy Grant (B.Econ) Fund Manager Sandy has managed the top ranking Wilson HTM Priority Growth Fund since its inception in 2005, and has 29 years investment experience in institutional stockbroking and funds management. Andrew Dalziel (B.Econ) Fund Manager Andrew has 27 years experience in funds management and equity research in London and Australia with HSBC, Morgan Grenfell and Wilson HTM. Andrew has been named the No. 1 ranked Small Cap Analyst twice by Greenwich.

Corporate Structure

The Wilson HTM Priority Growth Fund is an open ended, unlisted unit trust and registered managed investment scheme under the Corporations Act. The minimum initial investment is $40,000.

Exit Strategy

The Fund has a suggested minimum investment timeframe of 5 years to align investors’ interests with the Fund’s low turnover high conviction ‘buy and hold’ strategy.

Further Information:

• O  utstanding Results: The Fund’s performance proves that pricing inefficiencies exist that can be uncovered by quality analysis. In the past 2, 3 and 4 years to 30 June 2010 the Fund achieved excess returns of 26%, 16% and 20% p.a. respectively versus the S&P/ASX Small Ordinaries Accumulation Index2.

To learn more about this opportunity, including downloading Investor Documentation, go to

• S  trong Backing: Wilson HTM Investment Group is an ASX listed investment house dating back to 1895 with $10.1 billion in funds under management (as at 30 June 2010).

click on View Investment opportunities and search for Wilson HTM Priority Growth Fund.

Fund Returns (Net of fees) vs Small Ords Accum Index - 30 June 20102

Past performance is not indicative of future performance. Minimum investment is $40 000. No entry or exit fees apply on direct investments3

www.wholesaleinvestor.com.au

1/ The Wilson HTM Priority Growth Fund ARSN 117 083 762 (‘Fund’) No. 1 ranking is based on 3 year investment returns for all Australian Equity investment trusts to 30 June 2010 from Morningstar. The Fund’s 5 Star Morningstar rating is based on 3 year risk-adjusted returns to 30 June 2010 for the Australian mid/small growth funds category. The Morningstar rating is an assessment of a fund’s past performance based on both return and risk which shows how similar investments compare with their competitors. A high rating alone is insufficient basis for an investment decision. © 2010 Morningstar, Inc. All rights reserved. Neither Morningstar nor its affiliates nor their content providers guarantee the above data or content to be accurate, complete or timely nor will they have any liability for its use or distribution. Any general advice has been prepared by Morningstar Australasia Pty Ltd ABN 95 090 665 544, AFSL 240892 a subsidiary of Morningstar, Inc. and the information provided is without reference to your objectives, financial situation or needs. Refer to the Financial Services Guide for more information at www.morningstar.com.au/fsg.pdf, and read the Fund’s Product Disclosure Statement before making any decision. 2/ As at 30 June 2010. All Fund returns are net of fees. The Fund’s inception date is 4 July 2005. Past performance is not a reliable indicator of future performance. Interests in the Fund are issued by WHTM Capital Management Limited ABN 29 082 494 362 AFSL 238371. 3/ No exit fees are charged, and no upfront contribution (entry) fees or ongoing adviser service fees are charged to investors who do not agree to pay these fees to a financial adviser.

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Company Name Sector Yr established Business stage Location Seeking

ATF Group (PDF) Limited Diagnostic IT 2003 Commercial Melbourne Capital Raising

Executive Summary

Competitive Advantages

ATF is a pooled development fund which invests in diagnostic IT technologies. Its principal investment is Evivar Medical Pty Ltd (Evivar).

• World-Class Inventor: SHB was developed and continues to be monitored by Professor Stephen Locarnini who is recognised globally as a leading expert in HBV and antiviral resistance.

Hepatitis B (HBV) is a modern epidemic with over 2 billion people infected (1 in 12) and 360 million suffering Chronic Hepatitis B (CHB). It is not curable and patients require lifelong expensive antiviral therapy. Like many infectious diseases HBV mutates in response to drug treatments. Evivar delivers real time, predictive, online assistance and guidance to clinicians treating patients suffering from HBV, enabling them to select the right medication at the right time for their patients. The ultimate result is an increase in the health and longevity of life for patients and a reduction in overall HBV treatment costs. SeqHepB diagnostic system (SHB): SeqHepB is a unique viral genomics sequence analysis program that is linked to its proprietary HBV genomic and phenotypic database which is the world’s most comprehensive.

• No competitors: there is no other system of this type with most global diagnostic efforts going into HIV even though there are only 33 million people infected with HIV globally. • Market model: Evivar has selected a ubiquitous, non-exclusive licensing model enabling it to rapidly secure global and regional diagnostic leaders as their licensing partners along the value chain (as shown in image 1.a.) • Patent Protected: Evivar has uniquely patented ten patent families for the multitude of viral mutations that occur within the HBV genome. The strength of the patents has been tested by our licensees.

From a simple blood sample the SeqHepB diagnostic system predicts which antiviral therapy is optimal for that patient.

Key Investment Highlights • Development Status: the SeqHep B system is clinically proven with all regulatory processes completed. ATF expects this will be the final fund raising round. Investors entering now are in the final stage of investment which follows approximately $12M investment to date. • Securing the first licensees: key licensing agreements have been secured with Abbott Molecular a leading global diagnostic company and LabCorp & Quest; the two largest USA clinical laboratory networks. • Results: Processed over 12,000 patients in 2009 with a significant volume now coming on stream. The Company should be cash positive by mid 2011. • Marketing Alliance: secured with Advanced Biological Laboratories (ABL) a European based company which has a predictive tool for HIV; offering the clinician a wider blood-borne disease solution, particularly for HIV/HBV co-infected sufferers. The complimentary science, technology, IP protection, market positions and competencies provide a springboard for both businesses to accelerate their growth with reduced cost structures. • Development: Now developing a SeqHepC diagnostic system for Hepatitis C (HCV), Ultra Deep Sequencing (UDS) data platform that is 500x more detailed analysis and exploring co-infection along with other blood-borne diseases.

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Board & Management: Dr. Raymond Schinazi - Phd Science Chair Leading global researcher and founder of companies in virology and drug discovery including Pharmasset Inc., Triangle Pharmaceuticals, Idenix Pharmaceuticals and RFS Pharma LLC. Published over 420 peer reviewed papers and seven books and holds more than 70 US patents.

Image 1.a.

Jon Lamb Deputy Chair Formerly youngest CEO with Beecham in New Zealand at 30. Joined Beecham’s marketing division working in South Africa, London, Australia and New Zealand. Brings a wealth of over thirty years international experience in the pharmaceutical and bio-medical arena ranging from private start up companies to multinational public corporations. JA Wigginton Company Secretary and Director Is a qualified accountant with over 26 years experience in the banking and stockbroking industry, both in Australia and overseas. B Romanin - B App Sci. and Grad Dip Marketing Director Extensive commercial expertise in sales and marketing, technology licensing and partnership management. Working for almost a decade in the USA with Chiron and Novartis in diagnostics in the areas of Infectious Diseases.

Exit Strategy • Trade Sale: ATF will be looking to commence a trade sale process for Evivar in the second half of 2011. • China: ATF will be seeking to expand the Evivar business into the world’s largest HBV market with an estimated 170 million chronically infected.

Corporate Structure • Previous Investment: few significant investors of Melbourne Health and individuals with a number of smaller investors. • Pooled Development Fund (PDF): ATF is a non listed public company which, as a registered pooled development fund enjoys significant tax breaks at both a corporate and shareholder level. There is no capital gains tax applicable on the sale by investors of their ATF shares.

• Targeted Purchasers: Analysis has identified medical (global pharmaceutical companies and diagnostic companies) and software (healthcare IT service providers and global software companies) where Evivar’s offering aligns to their growth strategies.

Further Information: To learn more about this opportunity, including downloading a Prospectus, go to

• Ordinary Shares on offer: rank equal with existing ordinary issued shares.

www.wholesaleinvestor.com.au

• Investee companies: Evivar will become a wholly owned subsidiary of ATF Group.

click on View Investment opportunities and search for ATF Group (PDF) Limited.

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Company Name Sector Yr established Business stage Location Seeking

Phylogica (ASX:PYC) Biotechnology and Pharmaceuticals 2003 Commercialisation stage Perth, Australia Investor Relationships

Executive Summary Phylogica is engaged in the discovery and development of novel peptide-based biopharmaceuticals. Phylogica enters into discovery alliances with large Pharmaceutical companies for which it identifies potent bioactive peptides. These deals provide access to short term revenue as well as future milestone payments and royalties. Phylogica has discovered and validated a proprietary class of targeted peptide therapeutics Phylomers®) which constitute the most structurally diverse source of peptides available. Phylogica has made libraries of billions of Phylomers from which drug candidates can be selected using the company’s advanced screening methods. Phylogica owns this unique class of peptides, with 16 patent families, including multiple granted patents in the US and Europe. Phylogica is in the commercialization phase and is beginning to sign discovery deals with some of the world’s largest pharmaceutical companies (eg. Roche).

Competitive Advantages •  Advantages over biologics discovery platforms (antibodies, protein scaffolds or random peptides) •  Phylomer libraries are the most structurally diverse biologics libraries available •  The hit-to-target ratios from Phylomer® libraries are high and the proportion of hits which are of high target affinity, and are biologically functional, is also high •  Phylomers can be straightforwardly made by chemical synthesis •  Phylomers can be delivered by patient friendly means such as intranasally •  Phylomer libraries (unlike antibody libraries) are not associated with patent ‘royalty stacks’

Key Investment Highlights •  Phylogica is highly regarded globally in the peptide discovery space

Board & Management: Dr Doug Wilson, MB, ChB, PhD, FRACP, FRCPA Executive Chairman Formally Global Head of Medicine Boehringer Ingelheim. Oversaw regulatory approval and launch of 10 drugs Professor Paul Watt, BSc. D. Phil (Oxon) Executive Director/CEO Doctorate from Oxford, Postdoctoral Fellowships at Harvard and Oxford; 40 publications, 19 patents Harry Karelis, BSc. MBA CFA FAICD Non-Executive Director Founder and MD of Titan Bioventures, Managing Biotech Capital Limited Bruce McHarrie, B.Com FCA Non-Executive Director Director, Finance/Business Development, Telethon Institute for Child Health Research. Former roles: Assistant Director Biotech Division, Rothschild Asset Management, London, Coopers&Lybrand, Deloitte Nick Woolf Non-Executive Director 18 years experience in the industry, equity research and investment banking. Currently Chief Business Officer and Executive Director of Oxford BioMedica. Previously, he was Head of European Biotechnology Research at ABN Amro and he has held similar roles at Robertson Stephens, Nomura and SBC Warburg.

Corporate Structure Public, traded on ASX Shares on issue: 235.7 million Capital Structure: • 235.7 million Ordinary shares • 22.69 million Options • 1,340,000 notes (which can convert to 26.8 million shares) • Market Capitalization: Approximately US$30M • Top 5 Shareholders hold 45% of Phylogica stock

•  Phylogica’s technology is based on sound and competitive science •  The company is now focused on the core asset – its Phylomer libraries •  Phylogica’s peers are valued at more than US$100 million •  The average acquisition value for a drug discovery company like Phylogica is hundreds of millions of dollars •  Phylomers offer clear advantages over competing biologics drugs

Exit Strategy

Trade sale to a large Pharmaceutical company, estimated 2 year timeframe.

•  Phylogica has validated its technology and streamlined its processes to allow scalability

Further Information:

•   Phylogica is commercially validated, having been chosen by large Pharmaceutical companies for discovery partnerships

To learn more about this opportunity, including downloading an Information Memorandum, go to

•  Unlike most Australian biotechnology companies, Phylogica bears no risk from failure in clinical trials since its candidates are licensed at the discovery stage to partners •  Phylogica’s business model provides access to early revenue with very good margins • More than 30% of new drugs in development are biologics, which are expected to constitute approximately half of all drugs by 2015, with the peptide market alone enjoying double digit growth.

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www.wholesaleinvestor.com.au click on View Investment opportunities and search for Phylogica.      

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Company Name Sector Yr established Business stage Location Seeking

Pico Pharmaceuticals Ltd Biotechnology and Pharmaceuticals 2008 Clinical Development Melbourne, Australia Pre-IPO Capital

Executive Summary Pico Pharmaceuticals is developing a pipeline of uniquely powerful therapeutics to treat deadly forms of human cancer and infectious diseases. Pico Pharmaceuticals’ products are compounds that utilise Transition State Quantum Chemistry, a groundbreaking approach to pharmaceutical development pioneered at one of New York’s most prestigious research institutes, the Albert Einstein College of Medicine. Pico’s Australian based management team established the Company in 2008 after a 3 year global search to find cutting edge drug compounds that could be developed as leading pharmaceuticals to treat the most prevalent indications in human cancer and infectious disease. Pico is preparing for a Phase Ib human clinical study of its lead program to treat Breast, Colon and Cervical Cancer. Final safety studies for its second and third generations of cancer and infectious disease drugs are scheduled to be conducted during the remainder of 2010, leading to further human clinical studies in 2011.

Competitive Advantages • State of the Art Technology from the Albert Einstein College of Medicine, New York •  Sister Drugs have successfully completed Phase I & II trials, by the same Inventors and are now in final clinical studies to treat Cancer and Autoimmune Disease • Highly successful pre-clinical studies on Pico programs • Business proposition validated by sophisticated and institutional seed investors in the US and Australia

Board & Management: Bert Liang - MD MBA Executive Chairman (ex AMGEN – Head of Cancer & BIOGEN – Head of Commercial) Doug Wilson - MB ChB PhD Executive Director and Chief Medical Officer (ex BOEHRINGER – Global Head of Medicine and FDA Regulatory Affairs) Tim Boyd – JD MBT Executive Director and CEO (FERGHANA PARTNERS – Leading Life Sciences Investment Bank)

Corporate Structure Investors will hold ordinary shares and options in Pico Pharmaceuticals Ltd, a public un-listed Australian Company.

Exit Strategy The Company has significant near term value inflection milestones to be achieved within 18 months. • Successful completion of Clinical Studies in any of the 3 Pico programs leading to the licensing of the program or Trade Sale of the Company. • An IPO or Reverse Listing of the Company.

Creating Transition State Inhibitors Applying TSQC for Development of Therapeutic Compounds

• Strong Patent Position • Robust Commercially Valuable Pipeline • Significant near term value inflection points • Commercially proven board and management

Key Investment Highlights • Pre-IPO Investors to participate in a Pre-IPO Capital Raising at a 50% discount to IPO Book Build • Pre-IPO Investors will receive one 24 month Option for every two IPO shares at 150% of the IPO Book Build Price • Company has conducted substantial safety and efficacy trials which lowers the risk of development failure • De-risked Investment opportunity with 3 programs in clinical and preclinical studies Program 1: Clinical Anti-cancer Program - Phase I (Breast, Colon & Cervical Cancer) Program 2: IND Stage Anti-cancer Program (Head & Neck, Prostate, Lung & Breast Cancer) - Currently undetected levels of toxicity at therapeutic doses. Program 3: Anti-infectives Program (Hospital & Community acquired infections) - Multi-billion dollar market in need of new treatments to drug resistant bacteria.

Further Information: To learn more about this opportunity, including downloading an Information Memorandum, go to

www.wholesaleinvestor.com.au click on View Investment opportunities and search for Pico Pharmaceuticals Ltd.

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Company Name Sector Yr established Business stage Location Seeking

Special Phage Holdings Pty Ltd Biotechnology / Pharmaceuticals 2005 Early Commercialisation Sydney, Australia Capital Raising

Bacteriophage (phage) therapy is a safe, eco-friendly and extremely powerful means of treating bacterial infections. SPH was established to develop and commercialise phage therapy products specifically targetted to address the global antibiotic resistance crisis.

Executive Summary Special Phage Holdings (“SPH”) is an innovative biopharmaceutical company focused on developing novel antibacterials in response to the growing threat from antibiotic resistant “super bugs” such as MRSA or Golden Staph. SPH products harness the killing power of bacteriophages (phages), the natural predators of bacteria. Phages are highly specific, rapidly amplify at the site of infection and are completely safe. In contrast to antibiotics, phages do not alter the body’s natural bacterial flora. Over the past 5 years SPH has identified several global human & veterinary health target markets. The efficacy of the first 3 lead products has already been demonstrated in proof of concept studies, both in-vitro and invivo. SPH has also completed the first human phage therapy treatment in Australia. The company has already attracted considerable public and media attention. Funding is required for further animal and human clinical trials and early commercialisation (licensing) activities.

Prototype MediPhage™ - SA against “Golden Staph”

Competitive Advantages • Bacteriophages attack and destroy antibiotic-resistant bacteria. • In contrast to antibiotics phages are: - Naturally occurring - Self-amplifying - Self-limiting - Without harmful side effects • Low production costs ensure strong profit margins upon commercialisation. • SPH holds a large IP portfolio of proprietary therapeutic phages. • Unique product formulations are protected by DNA fingerprinting and/or patent, once clinically validated. • Experienced Board and management, supported by prominent corporate & scientific advisors.

Artist representation of T4 phage attacking a bacterium

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The world is running out of antibiotics to fight “super bugs”

Key Investment Highlights •  Portfolio product development strategy to reduce overall risks, initially focused on one veterinary and two human health core products. •  Veterinary product already in animal (field) trials. •  Human therapeutics ready to enter Phase I & IIa human clinical trials. •  Human products target the two most common hospital “super bugs” (Golden Staph and Pseudomonas), both with potential markets in excess of US$ 1 Bn per annum. •  Both products target the hospital antibiotic resistance crisis and therefore are likely to attract fast track registration and premium pricing. •  SPH winner of the NSW Biotechnology Award in August 2008. •  Low burn rate maximises potential return to shareholders.

Board & Management: Dr Tony Smithyman PhD Founder & Executive Chairman Founder of 4 biotechnology companies, including Cellabs Pty Ltd in 1985, one of Australia’s oldest privately-owned biotech companies. Mr Alastair Winter (FRSA, MA, CPFA) Non-executive Director Based in London. Former Chairman of Elektron plc. Mrs Margot Smithyman Non-executive Director Director of Cellabs Pty Ltd since 1985. Dr Hubert Mazure PhD Marketing Manager Formerly with MMI/Ventracor and Amersham International. Mr Tony Gellert (B.Com, ACA) Corporate Finance Advisor Formerly with PWC, BT (Aust) and Elders Finance Group (UK).

Corporate Structure Special Phage Holdings Pty Ltd is a private company with a single class of ordinary shares.

Exit Strategy SPH will consider several exits upon completion of its Phase II human clinical trials, expected within 2-3 years. Exit options include part or full trade sale, licensing to a pharmaceutical company and listing on a suitable exchange at an appropriate time.

Further Information: To learn more about this opportunity, including downloading an Information Memorandum, go to

www.wholesaleinvestor.com.au click on View Investment opportunities and search for Special Phage Holdings.

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MAKO ENERGY LIMITED Mako Energy Limited Oil and Gas 2010 Early development Sydney, Australia Capital raising

Company Name Sector Yr established Business stage Location Seeking

Board & Management: Simon Owen - Chairman Paul Griese – Managing Director • Average of 25 years of successful operational experience; • Technical capacity; • Corporate finance and strategic transactional capacity; • Networks and market knowledge;

Executive Summary Mako Energy Limited is not an Australian company that went looking for Canadian assets. It was ‘designed’ from inception to be an ‘aggressive’ Canadian based oil & gas business with dual access to Australian and Canadian ‘corporate and capital markets’. Its management and operational team were assembled specifically for this purpose.

Competitive Advantages

Corporate Structure Post merger capital structure of 74.9m shares, 69m options @25 cents, Market Cap of $15m fully diluted.

Exit Strategy Post compliance listing shares will be able to be sold on a liquid secondary market.

• Immediate pipeline of additional prospects; • Additional significant growth (cash and assets); • Negotiated terms and advanced DD; • Aggressive project development and acquisition program. • Diversified product stream and risk profile: • Medium-heavy oil, light oil and liquids rich natural gas; • De-risked production completion, low risk ‘by passed pay’, application of Mako technical knowledge to improve economics of known resources and strategic land acquisition for ‘high growth’ plays.

Key Investment Highlights •  Only ASX based access to leveraged growth in Canadian oil and gas market •  Over $50M of current assets •  Relationship with experienced and credentialed local operators •  Focus on oil and liquids rich natural gas •  Anticipated production and revenue within 3 months of application of funds •  Initial JV Assets represent a mean resource of approximately 80 million barrels of OIIP •  Pipeline of future prospects in the Canadian oil and gas market •  Anticipated $US revenue and capital growth •  1000 bopd/boepd production target within 6 months •  Proceeds to be applied to further well development and future acquisitions •  Highly leveraged capital structure based on existing assets an ‘undiluted’ price per share of $0.67 •  Strict capital management for ‘accretive’ transactions; with conservative financing, JV and ‘free carry’ arrangements

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Further Information: To learn more about this opportunity, including downloading an Information Memorandum, go to

www.wholesaleinvestor.com.au click on View Investment opportunities and search for Mako Energy Limited.

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Company Name Sector Yr established Business stage Location Seeking

Cobar Consolidated Resources Limited (ASX:CCU) Mining 2006 Project development Corp - Melbourne, Project - NSW Investor Relationships

Executive Summary Cobar Consolidated Resources (CCR) is a Melbourne-based explorer on the way to becoming a globally significant silver producer. It has 1,371 km2 of tenement interests on the western margin of the Cobar basin in western New South Wales. The Company’s main focus is the Wonawinta silver project. At Wonawinta, the Company has estimated an inferred and indicated resource of 51M ounces of silver, based on a cut-off grade of 22g/t, including a probable reserve of 14M ounces of silver. A feasibility study, confirming the project’s viability, was completed in June 2010. An optimisation study is currently underway and is expected to be completed by November 2010. The initial results of this study have confirmed the project has attractive economics and short payback period. The Company expects silver production to commence in the December quarter of 2011.

Competitive Advantages • The Wonawinta silver project has a number of key strengths including shallow open pits; free digging ore and waste; conventional metallurgy; silver produced as bullion; modest capital requirements; and short timeframe to production •  The project economics show attractive returns and a short payback period •  Considerable exploration upside in surrounding tenements •  A strong management team has advanced the project within a short timeframe

Board & Management: Mr Ian Lawrence BSc (Metallurgy), MBA (Exec) Managing Director Mr Lawrence is a management professional with more than 30 years experience in senior line management, strategic management and consulting, including senior operational and strategic management roles for a number of mining companies. Dr Richard Mazzucchelli BSc (Geology) (Hons), PhD Non Executive Chairman Dr Mazzucchelli has over 45 years exploration experience in a wide range of mineral commodities and has been associated with a number of economic discoveries of gold, nickel and base metals. Dr George Lefroy BE (Hons), M.Eng.Sc, PhD Non Executive Director Dr Lefroy had an international career with Shell for 34 years, reaching position of Executive Vice President, Asia Pacific/Middle East, for Shell Chemicals Ltd in London, and a member of the Global Executive Committee.

Corporate Structure

Cobar Consolidated Resources company listed on the ASX.

is

Shares (ASX: CCU) Share price as at 15 July 2010 Cash Market Capitalisation

a

Public

130.9m 16c $3.7m $20.9m

Exit Strategy

The Company is listed on the ASX. Investors have the opportunity to buy shares and either increase or reduce their shareholding on a daily basis.

Key Investment Highlights •  The Wonawinta project is forecast to produce 2.5Moz silver per annum over 5 years •  Outlook for silver demand and the silver price is positive •  Current mining schedule assumes that only the probable ore reserve is mined •  Indicated and inferred resource of 51Moz silver significantly exceeds the probable ore reserve of 14Moz silver •  Good prospects for conversion of resources to reserve •  Excellent regional exploration potential for discovery of additional silver resources and for lead, zinc and copper mineralization •  Project uses conventional technologies and carries low technical risk •  Independent research has determined a target share price range of A$0.30 to A$0.40 per share; current share price significantly undervalues the Company and the project

Further Information: To learn more about this opportunity, including downloading an Information Memorandum, go to

www.wholesaleinvestor.com.au click on View Investment opportunities and search for Cobar Consolidated Resources.

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Planet Power Energy Limited Cleantech / Retail 2009 Expansion HQ in QLD, Retail Shops in 4 States Expansion Capital

Company Name Sector Yr established Business stage Location Seeking

Executive Summary Planet Power is aiming to be the first national chain of stores providing energy efficient solutions to households and business through the sale and installation of products under the broad banners of Solar, Water, Air, Earth and Eco-tech. Planet Power intends to capitalise on a first-mover advantage and expand its national footprint and brand to become the leading retail provider of solutions to help Australians lower their energy expenses and reduce their carbon footprint. Planet Power has brought together senior management and Directors who have over 90 years of combined management, retail and franchising experience between them. Their knowledge and understanding of what it takes to run a successful retail business, driven by a proven franchising model has delivered a robust, fully functional and supportive system.

Competitive Advantages • Existing national network with retail stores in QLD, NSW, VIC, WA and ACT

Board & Management: Nick Tsalikis - Executive Director Nick has over 25 years experience in retail and franchising. Nick is also one of the founding members of the Franchisor’s Association of Queensland. Craig Martin - Executive Director With over 15 years experience in solar hot water and renewable energy, Craig is a founding shareholder and former owner and operator of a roto-moulding company manufacturing solar hot water systems. John Walker - Chairman & Chief Executive Officer John Walker has over 30 years experience in Executive Management across a range of industry sectors and over 10 years on the board of various private and publicly-listed Companies.

Corporate Structure Planet Power Energy Ltd is currently an unlisted public company with 99 million shares on issue.

Exit Strategy The Planet Power Board and Management expects to exit via trade sale or listing on an appropriate exchange in the next 12-18 months.

•  Wide range of products and solutions offered •  Multiple technologies offered •  Eight stores currently trading with 2 additional stores under construction after just 1 year •  Well-positioned, growing and respected brand •  Stores already averaging approximately $200,000 p.m. each in sales •  Physical store presence provides greater customer interaction and community support

Key Investment Highlights •  Large and growing number of Australians seeking retail solutions to lower their carbon emissions •  Very low availability of retail outlets to meet growing Australian market •  Business has a proven concept and profitability soon to be achieved •  Business benefits from ongoing State and Federal government incentives available to end users •  Business plan is for 50+ retail stores nationally with average revenue of >$3.5 million each PLUS broader commercial sales outside retail network

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Further Information:

•  Company has already fully invested in franchising systems, technology, and legal framework

To learn more about this opportunity, including downloading an Information Memorandum, go to

•  Funds to be used exclusively to expand operations and fund revenue growth

www.wholesaleinvestor.com.au

•  Clear exit plan in place

click on View Investment opportunities and search for Planet Power Energy Limited.   

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Example of an earlier model WIG craft

Company Name Sector Yr established Business stage Location Seeking

Aeroship Commercial Ltd Transport 2010 Early development Sydney, Australia Capital Raising

Executive Summary The Aeroship Group has developed a new Wing-In-Ground craft that provides stable low cost flight at high speed over water. Based on existing aeronautical and marine concepts, the new Aeroship WIG design will provide vastly improved pitch stability during flight that will outperform all earlier model WIG craft designs. Classified as a boat by Lloyds certifiers, WIG craft can be operated by a licensed WIG captain rather than an airline pilot. Similarly the purpose built combustion engine can be maintained by a motor vehicle mechanic rather than an aeronautical engineer. Following initial certification the group will have the opportunity to aggressively expand the sales distribution and leasing opportunities in various countries. Expressions of interest have already been received for at least 6 craft once certification has been received.

Board & Management: John Martin - Director & CEO John has an aeronautical background with extensive international company experience across the targeted region. Matthew Sweeney - Director & CFO Matthew is a CA and MAICD and has over 20 years experience in international finance. Rodney Spratt - Director – Technical Engineer Rodney has 30 years experience in design and manufacture of composite craft and 10 years WIG craft experience. He is also an accomplished pilot. Andrew Brawley - Commercialisation Consultant Andrew is the CEO of an international semiconductor group. He has over 30 years experience in commercialisation of advance state of the art technologies. Hugh Richie Aeronautical Project Management Consultant Hugh specialises in regulatory oversight and corporate governance, project management and strategic planning and analysis of aeronautical projects.

Competitive Advantages • Low operating costs and high speed transport option (approx 5 cents / passenger / nautical mile) • Multiple markets including passenger transport, defence, coastal surveillance, tourism and freight • Internationally certified as a boat (not a plane) leading to significantly reduced operator costs • Significantly lower maintenance costs and easily available technicians • Flexible internal configurations for user needs • Little or no additional infrastructure for takeoff and landing • Approvals available in a highly regulated market

Key Investment Highlights •  Existing demand in place for commercial craft in multiple markets •  Major design upgrades remove the need for complex computer systems

Corporate Structure The company is a Limited company that owns the global manufacturing, distribution and sales rights to the craft.

Exit Strategy The Group will develop multiple distinct divisions across the operations in manufacturing, sales, infrastructure, modifications and leasing. This will provide a range of trade sale options to existing market participants in marine or aeronautical transport, finance, infrastructure, military or tourism.

•  Existing Government support in a highly regulated market •  Internationally recognised executive team with WIG craft experience •  Market based pricing produces a targeted IRR of 35% p.a. •  Modular design ensures key aspects are built in house (under survey) whilst new jobs are created in target markets for assembly and maintenance •  Environmentally friendly alternative – lower carbon output, lower external noise, reduced impact from infrastructure footprint, provides efficient access to remote locations •  Certification requires spare parts and modification to be undertaken by Aeroship personnel leading to ongoing revenue •  Patent pending design and construction plans in place to begin initial manufacturing

Further Information: To learn more about this opportunity, including downloading an Information Memorandum, go to

www.wholesaleinvestor.com.au click on View Investment opportunities and search for Aeroship Commercial Ltd. 

•  N  o new manufacturing techniques; only modifications of existing marine and aeronautical concepts

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Company Name Sector Yr established Business stage Location Seeking

MANAGEMENT LIMITED

Vogue Management Limited Property/Professional Services 2010 Reverse Take-over (of a listed entity) National (Head Office – Perth) Capital Raising

Executive Summary

Competitive Advantages

Vogue Management specialises in aggregation and operation of residential rent rolls. Starting with 3,900 property rental management agreements (RMA’s) in WA and Qld (valuation $12,000,000) in October, Vogue will grow to 50,000 RMAs with 4-6 hub office sites in each city, managing up to 2,000 properties each.

• Debt-Free Operation. Growth funded through prospectus and internal marketing

During the month of July, the Company has signed several vendor option agreements with licensed real estate agencies in Western Australia and Queensland, totalling 3,900 RMAs. These will be incorporated into the public company which will be merged with a listed company for an application to re-quote in or around October of 2010, on the Australian Stock Exchange. The initial rental agreements were vended in from seven established companies, for a combination of cash and shares, to form the first hub offices for the national network. The Pre-IPO Information Memorandum is to pay up to 50% of each rental rolls, with the balance vended in for shares. From commencement, all future rental rolls will be purchased for cash. It is the intention of the company to release a prospectus registered under the Australian Securities and Investments Corporation and the ASX, to raise capital to purchase additional rental rolls within 10km of each of the current offices, to be able to transfer these into each office until these hub offices achieve their target economies of scale of 2,000 RMAs under management.

• Profitable from first day. NPAT of $2,500,000 in the first year – Agreed annual dividend policy of 6% • Very experienced, nationally-successful board - headed by Ray Jones (Armstrong Jones property Trusts) • $12m of assets vended in – ready resale demand for rental agreements • Localised service/centralised administration model • Each hub office services a 10km radius. We purchase available rental rolls within a 5km radius of the Hub • Maintaining existing relationships – proven to reduce losses. Hub operates 2,000 properties with 18 staff (15 in direct property management) • Proven structured retention and growth program to replace the 5-10% of RMAs that are lost each year • Expanding by acquisition (without borrowings) to 50,000 RMAs in nine cities, within four years

Formation of the Hub Office Local Rental Roll

Formation process may take up to 12 months

The company buys suitable  p y y rent rolls within a 10km  radius of the hub office.  These are merged with  existing hub operations.

Up to U t 2,000 2 000 RMAs RMA to be merged and managed from the single site

Local Rental Roll

Local Rental Roll

Existing Property Managers are retained and moved  to the hub office. Each will maintain their existing  RMA portfolios. Some consolidation is undertaken to  a maximum of 200 RMAs per Property manager.  (with one assistant for every two PMs)

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MANAGEMENT LIMITED

Key Investment Highlights

Board & Management:

• Proven track record of experienced Directors, headed by Ray Jones (Armstrong Jones property trust – managed $5b in assets)

Ray Jones Founder & Managing Director Ray co-founded and managed several listed property trusts, including Armstrong Jones Property Trust (sold to ING) and Ascot Property Trust (sold to Cons Press Ltd.). He has more than 40 years experience in both commercial and residential property management, asset management and investment trusts. Ray has had an outstanding career in property management and brings an extensive experience to the Vogue team.

•  No bank debt •  PE ratio (on multiplier of 5) suggests true value of 35c per (20c) share at re-quoting •  State-by-State growth program (funded by more placements) •  Local service – national administration •  Income is indexed (fee is a percentage) •  Client base is very diverse and spread. No single large client risk. •  Our target is under 1% of the national property rental market •  Fully researched – legal and tax opinions obtained

Corporate Structure Securities offered are ordinary shares in a public company, under a prospectus registered with ASX and ASIC. This company will apply for re-quotation on the ASX in or around October 2010.

Exit Strategy Company will be merged with an existing listed (suspended) public company, for 90% of issued capital. Once merged, the company will apply to the ASX for re-quoting in or around October 2010. Shares can then be sold on ASX through registered brokers.

Paul Rengel (B.Com, FICAA, FAICD, AMAIM.) Non-Executive Chairman Paul has more than 40 years of professional experience with International accounting firms, including senior partner at one of the “big-4” firms and an overseas posting with this firm. He is a professional director and is currently director of Finbar Group and Equity Finance & Securities Pty Ltd in Perth. John Hoon (JP FCPA CA CFP ACIS MBA) Director John is an Australian Chartered Company Secretary, Certified Financial Planner and Registered Company Auditor. He has served as a partner in a big-4 accounting firm and has an audit practice with many branches across China. He has managed property investment syndicates under the foreign investment review board regulations and has a solid track record in property projects. Daniel O’Connor (B.Bus, MBA, CPM, FAICD, AIMM, MAIM, MAIeX AIMCM.) Director Daniel has more than 20 years of project management in early-stage commercialisation. He is an experienced management consultant and has practiced in commercialisation and licensing in Australia, Asia and Americas.

Further Information: To learn more about this opportunity, including downloading an Information Memorandum, go to

www.wholesaleinvestor.com.au click on View Investment opportunities and search for Vogue Management Limited.

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Company Name Sector Yr established Business stage Location Seeking

Eclipse Uranium Limited Mining 2010 IPO Northern Territory Investor Relationships

Executive Summary Eclipse is a uranium exploration company focussed in the Northern Territory, Australia. The Company has benefited by securing two large exploration packages from Cauldron Energy and Dourado Resources. These projects are within fertile uranium provinces that have produced over 0.95 Mt of U3O8 in the last thirty years. Eclipse will be well-funded, enabling the aggressive exploration of its tenements and the acquisition of new prospective exploration assets. The Company has commenced extensive target generation programs on these projects and the greater Northern Territory region. Our technical team is using sound geological concepts supported by best practice and innovative exploration techniques. This work and the exploration programs that will follow provide Eclipse with an opportunity to define high quality uranium deposits.

Competitive Advantages •E  clipse has secured a large land holding in regions prospective for uranium mineralisation. • T  he Company will own 100% interest in the projects, including the rights to all metals. • Within these projects there are multiple target styles for uranium mineralisation.

Board & Management: Mr. Brett Smith - Non-Executive Chairman (BSc Hons MAusIMM, MAIG) Mr Smith has over 20 years of experience in the mining and exploration industry as a geologist, manager, consultant and director. He is currently Chairman of 2 Australian junior energy companies, and Executive Director of a uranium explorer. Mr. Mark Fogarty - Managing Director (BSc, MAusIMM) Mr Fogarty has nearly 20 years experience in the mining and exploration industry. He has worked extensively on uranium, precious and base metal mining and exploration projects. Mr Fogarty also served on the board of United Uranium. Mr. Emilio Pietro Del Fante Non-Executive Director Mr Del Fante has 20 years experience in the mineral and resources sector where he is principal of Corporate Tenement Services, a company specialising in mining title management and native title issues. Mr Del Fante is the Managing Director of Dourado Resources Limited and has been a director of three other public listed mining exploration companies. Mr. Robert Marusco - Company Secretary (B Bus CPA SIN FIA) Mr Marusco has had considerable experience in association with client services in public company management, as well as experience as a non executive director on the boards of a number of public and private companies.

Corporate Structure

• The listed Company will be well-funded and committed to aggressive exploration.

To convert to Public Listed company at time of IPO.

• B  y implementing a target driven exploration and project acquisition strategy, Eclipse intends to secure a large, prospective and valuable tenement holding in the Northern Territory.

Exit Strategy

Key Investment Highlights • The Company is structured to give shareholders high leverage to exploration success. • The Board, management and consultants have a broad range of expertise, with proven technical, operational, financial, and commercial skills necessary for the exploration and discovery of resources. • Eclipse is establishing well structured exploration programs in areas of known uranium anomalism. • Implementing a target driven exploration and project acquisition strategy. • Strong world demand for Uranium that is not currently being met by word supply. • Cape Lambert Resources is a significant shareholder in both Cauldron Energy and Dourado Resources. • Cape Lambert Resources have a proven track record of identifying market opportunities that are able to generate strong returns to shareholders.

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On listing the share holding in the Company is expected to be very tight, with only 33% to 50% of the total listed shares being tradable (depending on the raising). With the company’s planned acquisition program over the next 6 months, it intends to become one of the largest prospective Uranium exploration companies in Australia in terms of tenement holdings, hence making it a very attractive merger/ takeover target both domestically and internationally.

Further Information: To learn more about this opportunity, including downloading an Information Memorandum, go to

www.wholesaleinvestor.com.au click on View Investment opportunities and search for Eclipse Uranium Limited.

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Company Name Sector Yr established Business stage Location Seeking

EcoQuest Ltd (ASX:ECQ) Cleantech 2007 Expansion Western Australia Investor Relationships

Executive Summary After two years of extensive research, EcoQuest Limited is poised to commercialise its 90% biodegradable nappies and complementary range of sustainable and non-woven products, including baby wipes, incontinence pads and sanitary protection products. The Australian launch will be the prelude to the global roll-out of the environmentally friendly EcoQuest range. The global market for disposable nappies alone is estimated to be $US26.6 billion. EcoQuest will not be the manufacturer or distributor of its new 90% biodegradable nappy. The manufacturing has been contracted to a Hong Kong company while distribution is also being subcontracted out. The 90% biodegradable nappy will be marketed through supermarket chains and via the internet. The company will also continue developing and protecting its intellectual property, while refining its product range.

Competitive Advantages • EcoQuest addresses a major growth market - as major contributors to landfill, disposable nappies represent one of the world’s biggest environmental problems, taking over 5 centuries to breakdown. • EcoQuest has the team, including global eco-nappy and consumer sales experts. • Patents are in place to protect and enhance both its technological advantage and product revenues. • EcoQuest has technology which is proven by both rigorous consumer testing and which meets stringent industry standards.

Key Investment Highlights • EcoQuest is listed on the ASX, and therefore provides both the potential for excellent capital gain, and the flexibility of sale of shares through the ASX. • Timing for investment is good, with the first commercial batch of nappies commencing manufacture mid 2010. • EcoQuest has a sophisticated launch programme, including a budget for the appointment of a celebrity spokeswoman – a mother who can personally endorse and communicate. • First product roll-out is in Australia, but enquiries are being handled from global distributors.

Board & Management: Sylvia Tulloch (MSc) – Chairman Experienced and respected scientist and entrepreneur with over 25 years experience in the establishment and management of high technology businesses, Sylvia has a particular interest in the commercialisation process. Founding MD of solar company Dyesol Ltd (ASX:DYE). Steve Moncur (CA) - Managing Director Mr Moncur has widespread international commercial, strategic and operations management experience in the fast moving consumer goods (FMCG) industry. He has extensive expertise in the eco-nappy industry, launching the first private label econappy in the UK, and was Operations Director for the largest eco-disposable nappy seller in Europe and Australia. Michael Greenup - Operations Director Mr Greenup has 35 years experience of owning and operating successful businesses, including 12 years consulting and sourcing in China and Malaysia. Stewart Pyrah - Marketing Director Mr Pyrah has held leadership roles with PZ Cussons, Boots The Chemist and most recently Foster Grant where he was Managing Director of the European operation pre and post the successful NASDAQ IPO.

Exit Strategy As a stock listed on the ASX, liquidity is at the timing of the investor.

Corporate Structure Public Company listed on ASX with approx. 85 million shares, trading at 10 cents per share (May 2010).

Further Information: To learn more about this opportunity, including downloading an Information Memorandum, go to

www.wholesaleinvestor.com.au click on View Investment opportunities and search for EcoQuest Ltd.

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Company Name Sector Yr established Business stage Location Seeking

EasyFood Limited Food / Diet Programs 2007 Expansion Melbourne, Australia Capital Raising

Executive Summary Easyfood Limited have developed a technology that allows them to produce restaurant grade precooked meals that can be stored for 18 months with no refrigeration. No other food technology business in the world can make this claim. Easyfood are global leaders in pre-prepared diet meal manufacturing. The Company’s clients include Weightwatchers, Tony Ferguson and Opti-Slim. Easyfood is raising capital to fund the working capital requirements of their international expansion program; • Easyfood have the exclusive license to roll out the Opti-Slim diet shake product in India through a network of 60,000 outlets and 550,000 pharmacists; and • Easyfood are manufacturing meals for distribution through 3,600 pharmacies through Lloyds & Boots Pharmacies in the UK. Easyfood Limited has completed $1 million of its $3 million capital raising target.

Competitive Advantages • The opportunity to roll out the Opti-Slim shake program in India with a guaranteed distribution of 60,000 outlets. Annual revenue forecasts for this initiative are $45M p.a.;

Board & Management: Paul Grogan - Managing Director Over 30 years experience as a senior executive in a number of industries. CEO or Managing Director for Companies including Freshmark Limited, Innovative Foods Australia (IFA). Industry experience includes Food Processing, Mining, Transport and Construction. Specialist in Company Restructure. Developed food sterilisation techniques and founder of the EasyFood Concept and co-ordinated the first stage of development. Paul McVerry - Non-Executive Director Over 40 years experience as a Director and Senior executive in processed food and livestock businesses, including Pure and Natural Food Co Ltd (Founding Director) and The Great Australian Pie (Company Director). A number of agribusiness projects in Australia, India and Bangladesh, and extensive experience in retail franchising.

Corporate Structure EasyFood Limited is an unlisted Public Company. EasyFood Ltd owns 75% of EasyFood India Pty Ltd which in turn owns 97% of OptiSlim Foods Pvt Ltd (India).

• The Easyfood IP is unique and allows for the production of restaurant grade meals that can last for 18 months with no refrigeration;

Exit Strategy

• The long life nature of the product makes it ideal for international distribution with little risk of spoilage;

A number of international and domestic companies have already expressed interest in acquiring Easyfood Limited. However the Board will look to maximise value for the shareholders through a trade sale or listing on a suitable exchange at an appropriate time, targeting 3-4 years.

• Easyfood have the ability to design meals to meet individual customer’s requirements for tailored programs;

Key Investment Highlights •  The market for pre-prepared diet meals is one of the highest growth industries in Australia and overseas ; •  Easyfood are internationally recognised as the supplier of choice by blue chip clients such as Tony Ferguson and Weightwatchers and distributers such as Lloyds Pharmacies and Boots Pharmacies; •  The opportunity to distribute the Opti-Slim diet program in India represents an amazing first to market opportunity. Easyfood were hand selected by the Indian government to address this issue and even a very modest penetration of this market (say 3,000 out of 60,000 pharmacies) could produce up to $50M in revenue p.a. ; •   Easyfood’s distribution in India is under an exclusive arrangement with India’s largest pharmacy guild, the AIOCD; •  There is strong interest from major international food manufacturing players to license Easyfood’s intellectual property.

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Further Information: To learn more about this opportunity, including downloading an Information Memorandum, go to

www.wholesaleinvestor.com.au click on View Investment opportunities and search for EasyFood Limited.   

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AGRICULTURE OPPORTUNITY Name Withheld Agriculture - Meat, wool, grain 1984 Established, expansion Victoria, Australia Equity partner

Company Name Sector Yr established Business stage Location Seeking

Executive Summary The company is currently focussed on three primary activities: • Investment in prime agricultural assets. • Grazing sheep for meat and wool utilising proven superior management. • Opportunistic broad acre cropping. The company is currently seeking an equity partner to considerably scale operations and expand land holding.

Competitive Advantages •  Management focus on evidence based profit drivers i.e. Stocking Rate, time of lambing, superior genetics • Pasture production and utilisation • Commitment to production and financial benchmarking to monitor performance against industry peers and highlight opportunities for improvement • Commitment to long term sustainability and improvement of productive assets • Early appraisal and, where proven, adoption of new technology • Crops can be grazed strategically without yield penalty, effectively raising stocking rates, while introducing flexibility, resilience and diversity to the system.

Board & Management: Managing Partner B. Vet Science, Master Vet Studies (Sheep and Beef management systems) Grad Dip Vocational Education and Training Twenty seven years experience farm businesses owner-operator. Eight years management consultant to sheep and beef producers. Veterinary Officer in Charge 4 private quarantine stations managing 30,000 sheep and goats. Other Management (B. App. Sc. (microbiology) MSc. (Biochemistry) B. App Sc (wine making) Since 1998 with a family owned company (approx 300 employees). Since 2007 a Senior Manager. Various associates with experience in a range of successfully agribusinesses and consultancies have indicated a willingness to become directors to expand the skill set and experience.

Corporate Structure Currently a family partnership. A new structure would be required subject to advice and negotiation.

Exit Strategy Open to negotiation, however investors should be willing to invest for at least 5 years. Exit prior to this time would be through sale of land with management rights attached. After the initial 4 years, 12 months notice would be required to dissolve the management agreement, unless by mutual consent.

Key Investment Highlights •  Capital gains of our farms: 7% pa long term, 13% pa since 2002 •  Return on assets for the top 20% of Western District sheep farms averaged 5.4% across 07-08 and 08-09. Comparing this with average farms (2.4%) and the bottom 20% (-0.25%) illustrates the value of proven management. •  Diversification •  Low volatility in asset value •  Quality property with unique assets and prestige value

Further Information:

•   As co-investors, the managers have a direct interest in ensuring maximum operating efficiency and improvement in asset valuation.

To learn more about this opportunity, including downloading an Information Memorandum, go to

•  The outlook for sheep meat is excellent, with sheep meat prices currently at record highs due to low sheep numbers and rising demand for meat, especially from Asia. •  A successful agricultural business model will lead to growth opportunities

www.wholesaleinvestor.com.au click on View Investment opportunities and search for Agriculture Opportunity.

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Company Name Sector Yr established Business stage Location Seeking

Barefoot Power Energy 2005 Expansion Australia Capital Raising

Executive Summary

Competitive Advantages

Barefoot Power is an award-winning, energy company primarily focused on the design, manufacture and distribution of affordable, efficient lighting systems to poor people in developing countries. To facilitate this, Barefoot Power takes an active role investing in projects, supply chain partners and micro entrepreneurs.

• Award Winning: Winner of three 1st prize awards recognizing high performance, affordable, off-grid lighting systems for low-income earners in Sub Saharan Africa.

By replacing kerosene lighting, Barefoot Power will address energy poverty and deliver compelling cost, health and safety benefits to 1m people in 2010 and 5m by 2012. Barefoot Power is a first mover in this sector. The retail cost of a rechargeable LED lamp is from US$5, and US$13 for a solar-powered version. The company has generated approximately $2m in revenue in last 12 months. Barefoot Power’s current target countries are Uganda, Kenya, India and Indonesia that have a combined spend of US$2.5bn on kerosene by 500m people. These markets will represent 80% of revenue. We have BDMs on the ground in these locations and aim to take equity positions in local importation/distribution companies. We also package training, support, manuals, linkages to finance all coordinated by a free ERP system to deliver bottom line efficiencies. Key investors include Oikocredit, one of the world’s largest lenders of microfinance, which facilitate end-customer financing and supply chain financing.

• Compelling Pricing: $5 - $25 retail prices, yielding 3-6 month payback for customers who spend $1/week on kerosene, delivering a cost effective, healthy, safe, efficient replacement. • Negligible Competition: Philips and Osram have attempted, but have not developed competitive products. Other startups have not matched our price/quality. • Sustainable JV/franchise model: Our JV partners have recorded positive results and are ready for scale. Our “business-in-a-bag” has employed hundreds of entrepreneurs across Africa. • Microfinance mobilized: Approximately, 40m microfinance clients spend $1bn/yr on kerosene lighting. Oikocredits’ network of 700 microfinance institutions provides a massive platform for end consumer / retailing who have repaid 98% of loans in recent years. • European Grant support: Ability to train 2000 entrepreneurs, further develop ERP systems and carbon credits monetization with EUR1m grant.

Key Investment Highlights • Key Strategic Investors: Investors include Oikocredit, the European Investment Bank, Good Energies Foundation and CSR Capital. • Solid Returns: Debt investors have earned 10-12% annually from our Barefoot Angel Debt Fund. An IRR of 20-40% is expected for equity investors. IPO anticipated to be ready by 2014. • Reduced Investor Risk: Cash sales have allowed investors to make debt investments at 8-15% p.a. for just 6-12 months. No other cleantech matches this fast exit. • Strong Governance: Oikocredit provides Board-level oversight and Credit Committee review bringing 30 years of emerging market experience with a zero loss record. • Strong Sales: $1.8m since July 2009. $750,000 of existing orders to be filled. Aiming for $500,000 monthly income by late 2010 equating to up to 300% growth for 2010-11. • Inventory Funding: Funding is for order fulfilment to minimise investment risk. • Carbon Credit Positive: Eligible for Carbon Credits revenue when applicable.

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Share Capital Structure Barefoot Power is a private company. $1 million of equity has been largely used up to reach current cashflow positive scale, with the 2 Founders retaining a 40% share, Oikocredit approximately 30%, high net worth angels own 15% and family and friends 15%. The EU 1 million grant will cover many operational costs, enabling recovery in 2011 of a large part of burned equity. $2 million of convertible debt has been raised since 2008 at reasonable conversion valuation.

Board & Management: Stewart Craine and Harry Andrews Co-Chief Executive Officers The Founders have 20 years combined engineering and project management experience in the energy and development sectors, including all technologies and watt-to-MW scale of projects. Steven Wright - Chief Financial Officer Steven is a CPA with recent emphasis on startup green technology businesses, including Chief Financial Officer for Chromasun, Inc, an innovative start-up company operating in the US and Australia and as Consultant to both Crucible Carbon Pty Limited and Aquation Pty Limited. Other Board members include David Hind (ex-Managing Director of BOC Gas - Australia), John Altman (Executive Director of Grace Foundation) and Stefan Harpe (Oikocredit Equity Investments Manager). High Net Worth investors and advisors include Jordan Green (Melbourne Angels Inc, AAAI) and Jigar Shah (CEO of Richard Bransons’ Carbon War Room, previously of SunEdison). A dedicated CEO will be secured for the business by late 2010.

Exit Strategy Debt investors may exit in as little as 6 months – 40 deals have been secured in the last 2 years of 6-36 month terms, with 10 exits, 10 renewals, 1 conversion to equity, average return of 10-12% p.a. and zero defaults. ASX IPO conditions anticipated to be met by 2013-14, but a trade sale to a corporate customer or competitor is also possible. IPO via a merger with our Chinese solar supplier also has potential.

Further Information: To learn more about this opportunity, including downloading an Information Memorandum, go to

www.wholesaleinvestor.com.au click on View Investment opportunities and search for Barefoot Power.

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Cloncurry Metals Limited (ASX:CLU) Mining 2007 Exploration Brisbane (Head Office) Investor Relationships

Company Name Sector Yr established Business stage Location Seeking

Executive Summary Cloncurry Metals Limited has excellent exploration ground in Queensland, Australia and in the state of Michoacan, Mexico. The recently acquired El Rodeo project comprises four primary targets and at least three secondary targets. • Cacanicuas – Cu/Mo Porphyry • La Calera – Gold dominant skarn • La Ferrosa – Gold dominant skarn • Espiritu Santo – Ex producing Silver mine All the mining prospects were carefully chosen to ensure that there is considerable potential for the discovery of viable deposits, across the major metal groups. All likely targets have considerable size potential and, with exposure to Gold, Silver, Copper, Lead and Zinc, the Company is well placed to discover and develop a major mining operation. The experienced Board and Management team have committed to aggressively exploring its assets in Mexico and Queensland while actively seeking other opportunities to enhance shareholder value. With its highly regarded team of mining professionals, Cloncurry Metals is in an excellent position to leverage against its exploration assets and discover major mining deposits.

Competitive Advantages •  O  utstanding team of people, with experience in finding, financing and developing mineral assets. •  Significant geological expertise in finding and assessing IOCG and BHT deposits around the world.

Board & Management: Simon Finnis - MBT - Managing Director Mr Finnis has 25 years experience in mining operations, including underground, open cut and dredge mining operations in gold, copper and mineral sands. He has been involved in various development roles in four projects. Stephen Everett – B. Eng (Chem), MAICD Chairman Mr. Everett is a chemical engineer who has 30 years management experience in the resource industry, including production and project management, marketing, corporate restructuring, debt/equity financing and government relations. Mr. Everett’s senior executive positions have included Managing Director and Chief Executive Officer of private and publicly listed companies. Glenn Beere - B.Sc.(Hons.), Fellow Aus I.M.M Exploration Manager Mr Beere has more than 25 years experience in geological roles in the Australian mining industry, mostly in pure exploration roles. His most recent position was with BHP, specifically leading the Cannington brownfields and Cloncurry region exploration teams.

Corporate Structure Cloncurry Metals Limited is a Public company listed on the Australian Stock Exchange.

Exit Strategy

We believe in developing our assets for our shareholders. We will build long term wealth via profitable mining operations. However, the extremely low share price provides the opportunity for shareholders to sell into rising demand.

•  Broad exposure across different mineral types and styles of mineralisation via prospective exploration ground in Mexico and Queensland. •  Unqualified support from major shareholders, who are aligned with the business strategy. •  Demand for precious and base metals is very strong, with pricing returning to long term highs. •  Acquisition of El Rodeo has added Mexico specific expertise to advance El Rodeo, but also assess and acquire other prospects.

Key Investment Highlights •  In house team that have the necessary skills, contacts and experience, to locate, fund and develop mineral resources. •  Commitment to explore and drive capital growth. •  Targeting deposit styles that deliver extremely high rewards. •  Broad exposure to different minerals. •  Still seeking further opportunities.

Further Information: To learn more about this opportunity, including downloading an Information Memorandum, go to

•  Exposure to a team of people with a proven track record in the industry.

www.wholesaleinvestor.com.au

•  Extremely low share price, considerable upside.

click on View Investment opportunities and search for Cloncurry Metals Limited (ASX:CLU).

•  Limited exploration of the assets to date presents enormous potential for geological exploration and eventual mining production.

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Company Name Sector Yr established Business stage Location Seeking

AG Delta Pte Ltd Financial Services Software Solutions 2004 Expansion Singapore Capital Raising

Executive Summary AG Delta Pte Ltd provides business solutions to financial institutions that improve the quality, efficiency and compliance control in the delivery of wealth management services to a global marketplace across all customer segments. Our flagship software solution called AG|Capital, automates many of the business services needed to manage the customer’s investment portfolio and complete the transaction for a broad range of investment products at the point of sale. Launched in early 2010, we have commenced deploying AG|Capital in two banks, each with extensive wealth management business operations across Asia. With the rapid growth in consumer demand for Investment Products and lack of automation in most wealth management business operations, the demand for solutions that automate wealth and transaction management will continue to grow significantly for the foreseeable future.

Competitive Advantages In recent evaluations conducted by two regional banks, AG|Capital was selected from a field of several competitors as their strategic solution due to its supremacy in the following: • Supports a large scale user base over the web • Configurable to the unique operational requirements of each financial institution • Delivers portfolio and transactional services for a wide range of Investment Products • Maintains rigorous and auditable compliance controls • Provides real-time business intelligence to all users • Offers a fast and measurable return on investment

Board & Management: Andrew F.Y. Au (B Bus) Executive Office and Head of Business Development Andrew has over 16 years of Financial Markets and Technology experience working for top-tier banks including Bankers Trust, Macquarie and Deutsche Bank and senior regional roles within Sungard’s Trading & Risk Management Solutions business in Asia. Lawrence J. Grinceri (B Comp Soft Eng.) Executive Office and Head of Technology & Projects Lawrence has over 20 years in wholesale banking and capital markets solutions, working for renowned leaders in financial technology such as Accenture, TIBCO/Reuters and SunGard. Tan Lee Nah (B Sc. (Fin)) Head of Wealth Management Consulting Practice Lee Nah has 20 years of direct Financial Markets, Banking and Wealth Management Industry experience in an international career holding senior roles in UOB Privilege Banking, Standard Chartered Bank and UBS AG.

Corporate Structure

This is the final issue of shares for the 1st round capital raising. Details on the issue will be provided to qualified investors.

Exit Strategy

First round Investors have first right of refusal to sell to incoming Mezzanine round Investors. The Mezzanine round is planned for launch to VC and Private Equity funds by June 2012. We plan to exit the business through a trade sale to a major software solution vendor.

Key Investment Highlights Business automation for wealth management is a greenfields market that will see the leading solution vendors reap significant growth over the next five years. With our current market position, AG Delta offers the potential to deliver high returns to investors over the next five years given the following: • Estimated expenditure in software and implementation services the top 400 financial institutions in Asia Pacific will make in the infrastructure to automate their wealth management operations over the next five years is USD 2 billion. • Our five year revenue forecast is derived from capturing a 6.6% share of the projected expenditure and we have clear visibility on achieving 2010/11 forecast based on projects underway. • Sophisticated business and technology requirements present high barriers to entry for potential competitors to enter the market. • Untapped solution market coupled with high margins from software license sales presents excellent prospects for earnings growth and will attract establish financial software solution vendors to seek acquisition of leading wealth solution vendors to gain strategic position in the market.

Further Information: To learn more about this opportunity, including downloading an Information Memorandum, go to

www.wholesaleinvestor.com.au click on View Investment opportunities and search for AG Delta.

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Company Name Sector Yr established Business stage Location Seeking

Phase Changer Pty Ltd Electrical converter design / manufacture / distribution 2006 Growth Victoria, Australia Trade Sale

Executive Summary Phase Change International designs, manufactures the world’s most advanced single phase to three phase electrical converters. Many parts of the world have no ready access to 3 phase power to operate machinery, and in many cases a Phase Changer is a viable cost effective alternative to utility 3 phase connection, allowing 415V 3 phase equipment to run from standard single phase 240V power. Currently we license and control manufacturing in China for export markets. We now offer the entire Australian Distribution company for sale. A proven operation of $1.4M in Australian sales annually, that may be run by a team of four staff as part of a larger operation, or as a self-contained entity.

Competitive Advantages • Product Superiority: Unique Phase Changing conversion technology that is technically superior and more efficient than all other rotary converters worldwide • Favourable competitive environment: Few competitors and already an established supplier with over 2000 Phase Changers in use in Australia today • Secure IP: IP protected for Australian and select key global markets. Products designed specifically to safeguard IP • High Demand/Meets Market Need: Allows standard 3 phase machines to operate from 240V without modification • Established Supply Chain: China factory already established and ready to supply in quantity at high gross profit levels

Board & Management: Mark Bridgman - Managing Director (Electrical Technician) Mark has significant experience in industrial electronics, combined with a strong background in hi-tech industrial sales. Previous roles include WA Manager for national automation company and Founder of own distribution / automation business, among others. Ian Jackson - Director and Technical Manager (Electronics Engineer) Ian specializes in electronic circuit board design, and manufacture. Originally worked with Telecom, started Alian Electronics ( www.alianelectronics. com.au ) in 1985, incorporated 1990, still operating today.

Corporate Structure Current Australian distribution business is conducted by Phase Changer Pty Ltd, supplied by stock from Phase Change International Pty Ltd. however we have a second clean company that is ready to take on exclusive distribution of Phase Change Converter products in Australia and possible associated ‘add ins’.

Exit Strategy The present owners of the Phase Change Converters and Phase Change International companies intend to sell the Australian Distribution business of the Power Converter product range in its entirety. The buyer of this distribution enterprise would then own and manage the exclusive distribution for ‘Phase Change’ Power Converter technology in Australia, which presently dominate 90%+ of the Australian market.

Key Investment Highlights •  Limited competition in Niche Industry. One other manufacturer in WA using inferior technology •  Ongoing growth opportunity: Increased Sales, efficiencies to be made with economies of scale •  High profit margins: Sale price not linked to manufactured price, but to KW (size) rating •  Established market acceptance in Australia and worldwide: Recognised need for 3-phase conversion solutions •   Approximate 20%+annual ROI: Owners return on investment based on Chinese manufacture and real sales history estimated 20%+ annual

Further Information:

•  Proven Business Model: Each technical and commercial element tested. Finance only needed for acceleration (increase production)

To learn more about this opportunity, including downloading an Information Memorandum, go to

•  L  arge, Unexplored Markets: Other product lines in market segments feasible but unexplored due to time and resources.

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www.wholesaleinvestor.com.au click on View Investment opportunities and search for Phase Changer Pty Ltd.   

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Ceduna Keys Developments Pty Ltd Building & Construction 2008 Project Approved Ceduna, South Australia Capital Raising

Company Name Sector Yr established Business stage Location Seeking

Executive Summary Ceduna Keys Developments Pty Ltd is a building & construction project company incorporated to facilitate the development of a unique waterfront land sub-division in Ceduna, South Australia. It is proposed to construct a marina complex in stages on the site. On completion of each stage, allotments that have been sold from that stage will settle. The current proposed design for the Project will be centred on the development of commercial and recreational marinas, including :• 630 waterfront residential / apartment allotments • Approx. 20 retail/commercial sites • Approx. 100 free-standing marina berths in three different areas Ceduna Keys Developments Pty Ltd Marina Development has the ingredients of being successful, with the wide range of interests that will seek to have representation there, underpinned by proven commercial activity in mining, tourism and aquaculture industries.

Competitive Advantages

Board & Management: Umilo Bria - Chief Executive Officer 39 years Building Industry experience as a significant contractor and developer (State & Federal Government Projects, Private Sector). David Kelsey - Chairman of Directors 30+ years experience, with expertise across all aspects of property development - design, engineering, construction and project management. Past projects include the design and implementation of the Port Lincoln Marina. David has extensive knowledge of the Eyre Peninsula and strong relationships with officers in both Local and State Governments. Robert Sallis (Bachelor of Laws) - Consultant Member of the Bar Association of South Australia. Practices as a barrister, predominantly in the area of commercial litigation.

Corporate Structure

Ceduna Keys Developments is a Proprietary Limited Company with one wholly owned subsidiary (Ceduna Keys Investments Pty Ltd). Unlisted public company with only one class of share. Ordinary shares.

Exit Strategy

Dividends are expected within 2 years, with the anticipated time frame for exit as 4 years. The ultimate exit for investors would be to sell the shares back to the Development Company using the valuation formula in the company memorandum.

• Initiated and supported by the District Council of Ceduna • Strong community support • Major South Australia project status with approved project design in place • Directors’ previous experience in this style of development and industry (30 years) • Waterfront development is conducive to marketing • C  eduna one of the Top Ten Regional Centres positioned to experience booming property prices (Oct 2009, Terry Ryder Real Estate forecast)

Key Investment Highlights • Ceduna Keys Developments Pty Ltd has a debt free company structure with initial working capital included • Unit ownership represents % ownership of land sub-division, i.e. involves real property transactions, therefore a low-risk venture • Extensive research, planning and approvals already carried out • Highly skilled and well qualified management team with significant industry specific experience • Independent valuations in place forecasting high and realistic ROI • P  roject has received strong and unequivocal support for the development and the need to progress it as rapidly as possible from both State and Local Government • P  roject complements and supports other local council growth strategies including hospital, airport, school and golf course upgrade • Ongoing growth opportunity and creation of local employment

Further Information: To learn more about this opportunity, including downloading an Information Memorandum, go to

www.wholesaleinvestor.com.au click on View Investment opportunities and search for Ceduna Keys Developments Pty Ltd.

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Gi12515


Listing Index Below are the opportunities currently listed with Wholesale Investor. For more information or to enquire, go to www.wholesaleinvestor.com.au and search via their name or code.

Company Name

Code

Business Stage

Sector

ACC Ecominerals Limited

ACC

Pre-IPO

Mining

Activeplus Pty Ltd

ACP

Early Stage

Healthcare

AG Delta Pte Ltd

AGD

Expansion Stage

Financial Services Software

Agri Fuels Limited

Early Stage

Renewable Energy

Agriculture Opportunity

AGO

AiRush International Limited

AIR

Early Stage

Entertainment

Atlantic Healthcare

AHC

Commercialisation

Specialist Pharmaceuticals

Australian America’s Cup Team

AAC

Start-up

Sporting Franchise

Australian Bauxite Limited (ASX:ABZ)

ABZ

Exploration

Mining

Australian Leadership Centre Pty Ltd

Expansion Stage

Professional Services

Azure Energy Technologies Pty Ltd

AZE

Early Stage

Energy

Barefoot Power

BFP

Expansion Stage

Energy

Blue Fusion Asset Management Pty Ltd

BFM

Early Stage

Financial Services

Bone Medical Limited (ASX:BNE)

BNE

Late Development

Biotech

Brightgreen Pty Ltd

BGN

Expansion Stage

Green Tech

Camco Group

CGP

Expansion Stage

Civil Construction and Mining

CassTech Limited

CTH

Pre-IPO

Agriculture / Greentech

Ceduna Keys Development Pty Ltd

CKD

Project Approved

Building & Construction

Cloncurry Metals Limited (ASX:CLU)

CLU

Exploration

Mining

Coffee Shop Real Estate

CFS

Early Stage

Real Estate / IT

Commissioners Gold Ltd

CMG

Junior Explorer

Mining

Cosmetic Choice Limited

Early Stage

IT

Crescent Gold Ltd (ASX:CRE)

CRE

Gold Producer

Mining (Gold)

Datym.com Pty Ltd

DTM

Early Stage

IT

DIY Financial Limited

DIY

Early Stage

Financial Services

Eastern Regions Resources Pty Ltd

ERR

Early Stage

Exploration Mining and Resources

EasyFood Limited

ASY

Developing

Food / Diet Programs

Eclipse Uranium Limited

IPO

Mining

Eco Sanctuaries International Ltd

ECO

Early Stage, Expansion

Green Tech / Property / Ecotourism

EcoQuest Limited (ASX:ECQ)

ECQ

Expansion Stage

Cleantech

eMove Pty Ltd

EMV

Expansion Stage

Internet / Removalists

Finerday.com

FND

Early Stage

Family Communications Portal

Future Capital Development Fund Limited

FCD

Expansion Stage

Funds Management / Internet

Gratuk Technologies Pty Ltd

GTK

Early Stage

Veterinary Treatments

Green Resources Group Limited

GRG

Expansion Stage

Green Tech

Hunome Pty Ltd

HNM

Expansion Stage

Consumer Internet

KFSU Pty Ltd

KFS

Commercialisation

Food Ingredients

Lobster Harvest Ltd

LHL

Late Development

Aquaculture / Clean Technology

Mailing Lists Online Pty Ltd

MLO

Early Stage

IT

Mako Energy Limited (ASX:MKE)

MEL

Expansion

Oil and Gas

Management Resource Solutions Limited

MRS

Expansion Stage

Resources

Microequities Deep Value Microcap Fund

MCQ

Established

Financial Services

Mindset Media Pty Ltd

MMP

Early Stage

Digital Media

Minemakers Limited (ASX:MAK)

MAK

Mature Stage

Mining

MIRTeq Pty Ltd

MIR

Commercialisation

Fibreglass Composites

My Home is For Sale

MHF

Expansion Stage

Online Real Estate

MyGuestlist

MGT

Early Stage

IT & Technology

NavraInvest

NIV

Mature Stage

Financial Services

Pacific Island Aquaculture Pty Ltd

PIA

Early Stage

Fish Farming

Pacific Retail Management Pty Ltd

PRM

Expansion Stage

Retail Food Franchising

Party Hoppers Franchising Australia Pty Ltd

PHF

Seed

Hospitality / Franchising

Phase Changer Pty Ltd

PCR

Expansion Stage

Manufacturing (Electrical Goods)

Phylogica Limited (ASX:PYC)

PYC

Mature Stage

Biotechnology

Planet Power Energy Limited

PPE

Expansion Stage

Cleantech / Retail

Primewest Funds Ltd

PWF

Mature Stage

Property

QBiotics Ltd

Expansion Stage

Life Sciences

Rentmaster Pty Ltd

RMR

Early Stage

Property Management

Spark Solar Australia

SSA

Early Stage

Cleantech

Special Phage Holdings Pty Ltd

SPH

Early Commercialisation

Biotechnology / Pharmaceuticals

Sustainable Energy Australasia

SBE

Early Stage

Renewable Energy

Tailored Franchise Holdings Ltd

TFH

Early Stage

Franchise

Vogue Management Limited

Reverse Takeover

Property / Professional Services

Wilson HTM Priority Growth Fund

WIG

Expansion Stage

Investment Management

Windation Energy Systems Australia Pty Ltd

WEA

Seed

Wind Renewal Energy

Wireless Nation Pty Ltd

WNN

Early Stage

Telecommunications

Zeep Pty Ltd - Zero Emission Energy Plants

ZEEP

Early Stage

Renewable Energy

AFL

ALC

CCL

EUL

QBL

VML

Agriculture

w w w. w h o l e s a l e i n v e s t o r. c o m . a u

39


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Activities

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Financials

Corporate Structures

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