SYDNEY, Australia -- 1 July, 2008

In early July 2008 the Board of Auscript approved an offer from senior management to acquire that part of the business known as Evidence Technology and its New Zealand subsidiary business Tranzscript Limited.  This includes the transfer of existing full time staff and project based personnel that form part of existing contracts with your organisation.

The decision by Auscript’s board to divest of these interests is part of a strategic plan to further focus on its core business of recording, transcription and IT product development services. This decision is also an acknowledgement by the board that the best way forward for Evidence Technology is for it to operate as a separate and independent entity.  This move will enable Evidence Technology to dedicate its resources to the delivery of more specialised courtroom technologies and associated evidence analysis and processing services.  There has been a very positive response from our staff, vendors and most importantly, our respective clients to this development.

As part of the agreement, Evidence Technology will continue to provide ongoing technical support services to Auscript.  Furthermore, Auscript’s current Chief Executive Officer will play a key role in supporting the transition and continued service provision to Auscript, further cementing the relationship and goodwill between the respective companies.

The acquisition has been led by former Auscript business managers Jason Woolridge and Peter Carter.  Jason and Peter will undertake the roles of Chief Executive and General Manager respectively.  In addition to their board duties Woolridge and Carter will be responsible for the day-to-day operations of Evidence Technology and the Tranzscript Limited businesses and will be supported by highly skilled and dedicated teams located in Sydney, Brisbane, Melbourne, Wellington, Auckland and Dublin.  

Clients of the business may be wondering how this move will affect them.  From the start of discussions the aim of both parties was to structure a deal which would ensure a seamless transition that would impart little or no disruption to ongoing operations and service delivery.  Moving forward, we wish to direct our efforts as a company towards increased client satisfaction, enhanced customer service and a ‘can-do’ attitude. It is our intention over the forthcoming weeks and months to meet with our clients in person to discuss these changes.   We look forward to providing ongoing service to your organisation now and into the future and introducing new efficiencies and enhancements to the evidence capture and management process.

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