Announcement 12-1-2009

Kipps Business Systems Acquisition

Progressive Business Technologies is pleased to announce the acquisition of Kipps Business Systems effective February 1st 2009.

Kipps Business Systems are a Sage Pastel solution provider in Sydney. We look forward to a strong and lasting business relationship with our new NSW Clients.

Correspondence has been sent to all customers and we will personally be in contact with all clients during the month of February. The principal of Kipps Business Systems, Mr Peter Kipps will see through the transition to Progressive and a date for his retirement will be set in the future.

Progressive are honouring all existing support contracts. If you have any questions in relation to this acquisition please contact us on 1300 720 767.