Jumbuck Entertainment Limited
ABN 69 092 817 171
Registered Office: Level 5, 347 Flinders Lane,
Melbourne, Vic,3000
Jumbuck Acquire Online Auction Community OZtion.com.au
Melbourne, Australia 3rd June 2008 - Jumbuck Entertainment Ltd (ASX:JMB) is pleased to
announce the 100% acquisition of Oztion Pty Ltd, the largest Australian-owned online auction
community. With this acquisition Jumbuck acquires a strong web business with 1 million unique
visitors a month, 275,000+ registered trading accounts and a user-friendly mobile service.
With over 670,000 items for sale, OZtion is the clear challenger to become the biggest online
auction website in Australia said Adrian Risch, CEO of Jumbuck. With eBays recent
restrictive changes, many buyers and sellers have been switching to OZtion. Jumbuck has a giant
community of users and we can help bring this great service to many new buyers and sellers.
Philip Druce, Managing Director and co-founder of OZtion commented Joining forces with
Jumbuck will help us grow OZtion and continue to improve the range of services we offer buyers
and sellers. Jumbuck is a strong, highly profitable company with reliable established products.
This will give OZtion users further confidence in using our auction service.
Snapshot of the OZtion integration with Jumbuck:
OZtion is currently ranked 150th most popular website in Australia (source: Alexa)
OZtion is on track to generate $1.2 million in revenue for financial year 2008/2009,
double the previous year.
OZtions mobile site will be tailored and offered to Australian mobile operators.
M:metrics reported recently that US mobile users spent more time browsing Auction sites
on their mobile than any other site.
Aussie for Auction is the tag line for OZtion.com.au and represents the uniquely Australian
community who currently use the service because its fair-dinkum.
Media Contact:
Sebastian Rice,
Silverspan,
02 9959 1991,
seb@silverspan.com