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Finzsoft Financial Results Preliminary Announcement April 23, 2010

The Directors of Finzsoft Solutions Limited are pleased to report on the company’s performance for the year ended 31 March 2010. The results show a marked improvement on the six month result to 30th September 2009 and the last financial year.
Although not yet completed the Directors forecast the company’s result for the year ended 31 March 2010 to be a profit after tax in the range of $200,000 – $300,000. This compares with a loss after tax for the same period last year of ($1,379,000).

Some highlights include:
• A number of existing Finzsoft NZ clients are starting to reinvest in the development of their operating platforms.
• Continuing the process of developing next generation Sovereign finance and banking software out of operating cash flow.
• Aligning Finzsoft’s cost and organisational structure over the past six months has been a significant factor in the positive forecast result.
• We continue to have positive opportunities in the Australian market.
• Other market opportunities continue to be explored.

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