PORTFOLIO - TECHNOLOGY

Tramigo Limited (Tramigo)
Acquma’s investment into shares in Tramigo is the first major acquisition to have been made by the Company.

Details of the Tramigo product and marketplace can best be viewed at the Tramigo Website www.tramigo.net
Having commissioned and reviewed the valuation report on Tramigo, and having satisfied ourselves as to the valuation of Tramigo, Acquma have now purchased 18.30% of the entire share holding in Tramigo.

This share holding cannot be diluted by Tramigo.

The Valuation of the Tramigo if sold as a whole is greater than that referred to in the valuation report.

Tramigo has a unique place in the rapidly expanding GPS Navigation/Tracking market. The product is extremely competitively priced and has a proven capability and functionality. It is totally discrete in its service provision, working via the “pay-as-you-go network”, eliminating the need for contracts and enhancing privacy and security.

Tramigo has secured with major retailers and service providers extensive and lucrative contracts worldwide for the supply of its products. Our in house analysts estimate sales to exceed € Sales are expected to exceed € 30m and can be reasonable expected to reach € 50m during the period 1st April 2009 to 31st March 2010.

The known historical Gross Profit of Tramigo provides an extremely attractive return per unit sold. Costs are contained and the PE ratio for valuation purposes is thus enhanced.

New manufacturing contracts in China and South Korea have been signed to enable Tramigo to meet the growing demand for its product.
The Product is in its infancy with regards to marketing, with Insurers, leisure companies, security companies and security forces, vehicle and boat manufacturers all to be targeted during the next 24 months. The value of the product as an obvious addition to family member security is also being taken into consideration.

Tramigo Landmark Data (TLD) (see this facility on the Tramigo website)This is an intellectual and physical asset of significant interest and value With its superior mapping technology covering at present 223 countries, including previously unchartered territories in South America, Africa and Asia (to include an exclusive mapping contract with the Chinese Government) TLD is well placed to provide its GPS mapping services not only to the Tramigo product, but also under lucrative license contracts with other Navigation and tracking product suppliers.

Acquma looks now to hold the stock pending a full public offering by Tramigo, or a Trade Sale to a major international telecoms or Navigation provider within the next 36 months.

At present, third party participation in ownership of Tramigo is available only through the purchase of a share holder in Acquma.