Enprise Group increases iSell holding

Enprise Group increases iSell holding

AUCKLAND, 7 November 2018 - Enprise Group (NZAX: ENS) has paid
AUD $216,814 to increase its holding in iSell to 18.4%.

Enprise Group participated in a rights issue for iSell for AUD $216,814 that
has increased its holding to 18.4%. iSell is a quoting system used by the
information technology reseller market in Australia, New Zealand and the U.K.

The investment is to accelerate the on boarding of customers to iSell’s new
cloud-based quoting platform, says Enprise Group CEO, Elliot Cooper.

“Enprise Group made its initial investment in iSell on 19 December 2017,
when we paid AUD $673,420 for a 14.6% holding. Since then iSell has
completed development of its new cloud platform and now has 19 live
customers,” he says.

“The cloud quoting platform is attracting new users as well as migration of
existing customers. Our further investment is to accelerate the on-boarding
process. Enprise Group has paid the same price per share as its original
investment, which we consider represents excellent value given the
successful development of the new cloud platform and the increased growth
opportunities the cloud business model brings,” Elliot Cooper says.


About Enprise Group
Listed on the New Zealand Stock Exchange Alternative Market (NZAX) on 1
December 2014, Enprise Group (ENS) has four operating divisions: Enprise
Solutions and joint ventures Datagate Innovation Ltd, Kilimanjaro Consulting Ltd and
iSell.

Enprise Solutions is a cloud business software company that is the leading trans-
Tasman provider of solutions based on the MYOB EXO and MYOB Advanced
software platforms. Enprise Solutions offers cloud options for every piece of software
it sells, including a broad range of companion products to extend the power of the
MYOB Advanced and MYOB EXO platforms. The company supports around 750
MYOB EXO and MYOB Advanced customers across Australia and New Zealand.

Datagate Innovation provides online billing and reporting solutions for businesses
that bill according to subscription or usage. Datagate opens up new recurring

revenue opportunities for Telco’s, Utilities, Retailers and Managed Service Providers
by allowing them to sell, price and invoice their customers for a wide range of
services – including phone, internet, electricity and software – all on a single invoice
under their own branding.

Kilimanjaro Consulting is Australia’s largest implementer of MYOB’s enterprise-level
business management solutions. It services clients in a range of industries in
Australia, New Zealand and the Asia Pacific region. It has achieved its leadership
position by focusing on customers’ business needs first, developing a rigorous
methodology and employing an expert team of more than 60 skilled consultants to
support customers every step of the way.

iSell is a primary provider of business systems to the IT Reseller market. iSell
databases contain over 4.5 million products representing more than 2000 vendors
available from 100+ distributors. The products are sent automatically to hundreds of
IT Resellers daily, across Australia, New Zealand & UK.


Ends.


Released by Sayle Noble & Associates on behalf of Enprise Group. For more
information please contact Enprise Group CEO Elliot Cooper tel +649 829
5500 email elliotc@enprisegroup.com; or Caroline Sayle tel +649 307 8450
email caros@noble.co.nz