Tuesday, May 31, 2011

New Capital Market Firm Launched to Take Advantage of Tight Monetary Market

A new capital market firm has been launched this week to take advantage of the continuing tight monetary market and the ongoing need for funds by businesses.

BlueMount Capital, formed by four leading business identities, aims to serve sophisticated investors and private and public companies to deliver a broad range of funding services.

The firm has opened offices in Brisbane, Perth and Sydney and will be the only mid-tier firm of its kind with a national presence.

Queensland managing director, Dr Mark Rainbird, a former executive with Melbourne IT and WebCentral and managing director for Brisbane based CITEC, says traditional funders are still exercising caution and becoming even more selective in who they fund which has created a widening gap in the capital market.

“The world-wide monetary market essentially hasn’t shifted its policy on lending since the GFC, however businesses are increasingly seeking growth capital,” Dr Rainbird says.

While we’re not the only one’s to recognise this, we have managed to bring together a unique and experienced team who have access to a wide range of funding opportunities.

“Our services are especially suited to growth companies which sit at the mid to top end of the business market and require access to investment facilitation and corporate finance."

The BlueMount Capital partners include Perth based Dr Saliba Sassine who has extensive experience in resources, energy and renewables; Sydney based Len McDowall, who was previously chairman and managing partner of chartered accountants Bird Cameron; and Barry Palte who has held previous executive roles with the Commonwealth Bank and MLC.

All are experts in raising capital for business expansion, mergers and acquisitions, debt raising and equity restructuring for private and public companies.

“BlueMount Capital offers expert services and assistance from floating a company on the ASX, pre-IPO plans, IPO opportunities, MBO's, private equity funding, wholesale investing and capital raisings,” Dr Rainbird says.

“The management team are specialists in all aspects of financial transactions and have successfully completed hundreds of deals in these fields.

“Our firm’s extensive global network of professionals will also ensure a comprehensive evaluation of the most sophisticated proposals.”

For more information visit www.bluemountcapital.com.

For more information please email BlueMount Capital


Monday, May 30, 2011

Global Technology Remains Open With Opmantek

An Australian company has acquired the intellectual property for one of the world’s leading open source software products in the field of network management.

Queensland based Opmantek (ASSOB: OMK) has acquired and launched a new release of one of the first developed open source software programs, Network Management Information System (NMIS), which is used by approximately 10,000 organisations worldwide.

NMIS is a network management software platform that has been developed over the last 12 years and is used to manage IT networks from 1 through to 75,000 devices.

Opmantek’s open source software is free to all users, however Opmantek has developed a unique business model to capitalise on the popularity of NMIS with support packages and add-on software modules allowing the company to provide enhanced service to users at a cost.

CEO Danny Maher says open source programs are extremely popular due to their low upfront and operational costs, however lack of commercial support does cause concern for some organisations.

Click here for full article

For more information please email BlueMount Capital


Monday, May 23, 2011

Opmantek Ltd has today reached its Minimum Subscription

Opmantek Ltd (ASSOB: OMK) has today reached its Minimum Subscription.  For the latest news on Opmantek please see www.assob.com.au/omk  

For more information please email BlueMount Capital

Sunday, May 22, 2011

Are we the next Silicon City?

IT COMPANY Opmantek (ASSOB: OMK) is taking strong strides toward its Gold Coast base of operations.

“I have no doubt that the city is an attractive proposition for IT companies and within the next 20 years, I believe we will be one of the leading IT hubs in the country.”Mr Maher said the Gold Coast was a great location for the company to launch the new version of its software and associated commercial offerings.

“Opmantek leverages an extensive network of technology experts around the world.

“We also plan to open a satellite office at Silicon Valley in the United States and rotate our employees through it, introducing them to senior engineers and bringing their skills back to the Gold Coast.

Click here for full article

For mor information please email BlueMount Capital

Opmantek acquires NMIS intellectual property

Open source network management software developer, Opmantek (ASSOB: OMK), recently acquired the intellectual property of network management open source software platform, Network Management Information System (NMIS).
The Queensland-based company also launched a new release of the NMIS program, used by about 10,000 businesses internationally.

NMIS has been developed over the past 12 years and is used to run IT networks from one through to 75,000 devices.

Opmantek’s open source software is free to all users; however, it has formulated a business model to provide support packages and add-on software modules that allow companies to offer enhanced services to users at a cost.

Click here for full article

Opmantek says it's cracked the code

IT companies on the Gold Coast have struggled up until now to work out how to make a buck out of free software, but Opmantek (ASSOB: OMK) boasts it has cracked the code.

Opmantek, which will soon be based on the Coast after a deal announced with Gold Coast City Council, is using support packages and add-on software to charge users for the privilege of open source software.

Click here for full article

Thursday, May 12, 2011

PGX - Minimum Subscription Attained

PolyGenomX Limited (ASSOB Code: PGX) has today reached its Minimum Subscription.
For the latest news on PolyGenomX please see www.assob.com.au/pgx  

Wednesday, May 11, 2011

ASSOB Pty Ltd today welcomes Bantix Worldwide Limited

Bantix has a stable of new technologies that have been and are in the processing of being developed and commercialised.

Mtech International Pty Ltd a subsidiary company, manufactures and markets a world class mosquito trap into 72 countries.

Protocorp Pty Ltd a subsidiary engineering and design company, develops Bantix and other company technologies to the stage of commercial manufacture.

Prototip Innovation Pty Ltd (50% owned by Bantix) is a patenting and trade mark company that helps to patent ideas, products and technologies.

Foot Tee Pty Ltd (30% owned by Bantix) is a company that Bantix designed and developed a new product for. Bantix manages the company and provides the marketing and manufacture of the product.

For more information on Bantix please see www.assob.com.au/btx

Tuesday, May 10, 2011

Bio-fuel boost thanks to Coast company

THE viability of renewable energy production has gained a significant boost from a world-first technology developed by an innovative Gold Coast company.

PolyGenomX (ASSOB: PGX), an unlisted public company based at Bundall, has pioneered a range of processes that deliver faster growth and higher yields from plants vital to a range of commercial applications and sustainable industries.

According to PolyGenomX managing director Peter Rowe, it is a "game-changer" for the mass production of bio-fuels and feedstocks.

To Click here to see full article.

Have you got the right reasons to raise capital?

In the second of this six-part series on raising capital, corporate adviser Mark Rainbird talks about how to prepare your business for raising capital, while avoiding some of the mistakes commonly made by the inexperienced and naive.

In my previous article, I discussed that companies with access to capital will have a competitive advantage in the marketplace, even though capital is going to be harder to come by.
However, while capital raising can provide a myriad of new opportunities and strong competitive advantages for your business, it is not necessarily a panacea for whatever malaise your organisation might be experiencing.

It might sound like an obvious statement, but getting people to invest in your company requires a great deal of preparation – yet there are still plenty of companies that eschew the necessary groundwork.

Concrete reasons to raise

The first thing that needs to be established is whether engaging in such an action will actually benefit your company. Certainly, having a foundation of reliable shareholders can make a major difference to your ability to obtain equity in the future, but if you’re unable to demonstrate a strong reason to invest, you’re likely to fail in your endeavours.
Having a clear funding strategy that is linked to your company strategy is important. Unless you have a considered future plan for the capital once it’s been raised, there is every chance you may end up squandering it with little-to-no growth to show for it.
Prospective investors want to see a clear use of funds, and are generally looking for the funds to be utilised for profitable growth opportunities, to bring new products to market, to realise a significant opportunity, or to expand internationally. If you can present them with an opportunity like this then you have a much greater chance of success than if you offer them a role in your “rainy day fund”.

People power

Sure, you might have a great idea and your board members may be passionate about what you’re doing, but will their presence inspire confidence in prospective shareholders?
Before raising capital, it certainly pays to analyse the individual histories and competencies of each of your board members and work out which attributes will be most attractive to investors. In some cases, it can actually be best to remove members of your current board if they don’t actually bring any real value to your organisation.

However, true to the idiom “you can’t see the wood for the trees,” it can sometimes be difficult to separate the truly saleable qualities of your directors from the irrelevant ones. Often, the advice of a reasonably impartial (but well-informed) outsider can help you to distinguish the necessary contributors from not-so-necessary.

If the sum of your board’s credentials isn’t likely to amount to much in the eyes of the public, a necessary option is to supplement the current board skill set with professional non-executive directors. Many senior executives with board experience are available for such roles and can be found via your network or professional organisations such as The Australian Institute of Company Directors.

Make it worth their while to invest

You have got to be prepared to part with a reasonable portion of your business. Remember that investors are primarily interested in making a return on their money. As fascinating as your company’s story may be, if you can’t offer a financially attractive equity share you’re far less likely to succeed.
In order to be able to develop the appropriate share capital structure, it’s of the utmost importance that you’ve had some realistic, all-inclusive financial forecasts compiled; these will give your potential backers an understanding of how much their share of the company will be worth.
Once again, it seems like an obvious trap to avoid, but I’ve seen plenty of directors fall for the same mistake of overvaluing the company and, as a result, offer more expensive shares. You need to balance your passion and expectations for your company with an objective understanding of how attractive the opportunity is to investors. The larger the gap between your company’s balance sheet and the valuation, the harder it is to demonstrate good value to the investor.

The investor exit: have you got one?

Investors are looking to eventually realise their investment – have you realistically thought about how the company will exit?

Whether it’s through an initial public offering, management buyout or trade sale, your company should be able to demonstrate a clear path to achieve an exit for investors. It’s important to create a strategy that is based around your company’s current activities, mindful that it can be reviewed in the future should the need arise.
If the exit strategy you’ve outlined is not achievable – say, if there are multiple options with no clear direction and it doesn’t link to the funding or company’s overarching strategy – then investors will be very hesitant to hand over their money.

The most important thing when looking to raise capital is to maintain a sense of objectivity. Certainly, the extra money could be useful, but is it what’s really needed? Perhaps there are operational and management efficiencies that can be looked at first before asking investors to help you grow. If raising capital is the path that you choose, the ability to take a step back and realise what’s vital to investors is the most important course of action you can take.

Dr. Mark Rainbird is the managing director of Ramscove and has over 15 years of capital and M&A experience, and has held senior executive positions in private, private equity, ASX and Government organisations.

Monday, May 9, 2011

New company gives Coast IT boost

GOLD Coast City Councillor Susie Douglas is talking up the city as the next Silicon Valley after announcing a new IT company has been lured here.

Network Management Software company Opmantek (ASSOB: OMK), whose software is used by over 10,000 organisations globally, has confirmed its intention to base its operations on the Gold Coast.

Cr Douglas said attracting Opmantek was another big win for Council's Investment Attraction Program, which had already attracted IT giant IBM to the Gold Coast.

Click here to see full article.

Saturday, May 7, 2011

PolyGenomX leading the way with elite polygenomic trees

PolyGenomX Limited (ASSOB: PGX) has developed biotechnology which produces stable, fertile polygenomic plants and trees that grow faster than peers, thrive in a wider range of environments, and can be specifically adapted to deal with salinity, soil deficiencies, drought or other man-made problems across the globe.


Wurst-Meister now launching gourmet German food quick service restaurant franchise model

 Wurst-Meister Pty Ltd ACN 142 443 909 is developing an international gourmet quick service restaurant (QSR) producing (under contract/license) freshly grilled German gourmet sausages and sausage-related products/meals including non alcoholic beverages to consumers. Initially one restaurant outlet will be established to pilot and fine tune the offering, before expanding this QSR concept through a franchise model.