Unaudited Preliminary Results for the Year Ended 31 March 2011

Operational highlights

• Major Hollywood studio adopted automated toolset for Apple’s iTunes® Extras
• Secured Warner Home Video International for new automated style guide production system
• Ebook and music industries identified as further areas for growth

Financial highlights

• Revenues of $14m (2010: $15m) reflect change in sales mix to higher margin services
• Adjusted EBITDA of $2.3m (2010: $1.6m)
• Adjusted operating profit of $1.3m (2010: $0.8m)
• Year-end cash balance $0.6m (2010: $1.2m)

Post period end highlights

• First significant contract through MPS relationship with leading videogame publisher
• Global Digital Media Xchange licenses automated Blu-Ray and Electronic Sell Through (“EST”) production solutions
• Successfully completed a share placing of $2.8m to provide working capital to fund growth, particularly in the area of eBooks
• $5.6m convertible loan note instrument resolved with 50% converting into equity and 50% rolling into a loan note extension for two years