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CXN revised revenue for FY 2010 Sydney & Hong Kong 26 July 2010:

The Directors of data and transaction services company Connxion Ventures Limited (CXN), today announced that based on June billings and unaudited financial accounts, revenue for FY2010 are now expected to be $12.6 million, a 14.5% increase on the previously announced forecast of $11 million. As a result there will be a corresponding positive effect on EBITDA. The forecast represents an increase in excess of 300% on reported FY2009 revenue of $3.9 million.

CXN reconfirm that forecasted revenue for FY2011 of $38 million is based on contracted revenue only, and does not include any forecasts from new joint venture agreements recently announced in China, or potential revenue from tendering opportunities currently under negotiation. CXN will update shareholders on the positive impact to FY2011 forecasts from the above initiatives when appropriate.

CXN is a data and transaction services company providing online, data, rewards and e-billing services. The company earns revenue from collecting, analysing and utilising data (or essentially customer information) for its clients so they can in turn attract, retain and transact with their own customer bases. CXN’s customers are some of the world’s leading blue chip organisations operating in the telco/utility, transport and logistics, hotel and leisure, and financial services sectors. With operations in Australia, Singapore, Hong Kong and China, CXN has the geographical footprint to capitalise on growing market for data and transaction services throughout Asia – currently valued at $3 billion per annum.

Further information contact: Ben Jarvis, Six Degrees Investor Communication, 0413 150 448 or ben@sixdegreesmedia.com.au.

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