Company Profile

COM= PANY PROFILE

BLU= E Group of Companies

June 2008=

Blue Group of Companies

HIS= TORY

The company started off as sub= urban travel agent in the mid 1980s. Current management acquired the business in = 1992 and expanded to include inbound tours from = Singapore, Malaysia and Thailand. In 1995, Wimbledon Investments Pty Ltd was incorporated as the corporate ve= hicle and business were brisk in mid 90’s. A small Japanese inbound operato= r joined our group in Dec-97 and a year later, the company acquired a Tourist and Student services centre and remained primarily in the Japanese market.=

In August 2001, all businesses= were consolidated under the holding company of Blue<= /st1:PersonName> Corporation Pty Ltd and Blue T= ravel Pty Ltd manages the tourism sector. Australia Education Pty. Ltd. trading a= s Blue Education was established in March 2002 to handle the student placement activities. With a strong Japanese base, the company now handles students from all over Asia, especially China and Hong Kong= . In mid 2002, the company established Blue Incentives, a division that requires a high level of expertise to handle the European incentives and events groups.

In early 2008, we embarked to = move our operations closer to our core clients by establishing offices in Kuala Lumpur and Singapore.<= /p>

COR= PORATE STRUCTURE

Blue Corporation Pty Ltd is a = Perth based privat= ely owned Australian company. It is the corporate holding entity for Blue Travel Pty Ltd, Australian Education Pty = Ltd, Blue Management Pty Ltd, Blue Travel Pte Ltd (Si= ngapore) & Blue Marketing Sdn. Bhd = (Malaysia).

Blue group of companies employ= s over 25 staff members and business activities includes:

Asian Inbound Tourism (ASEAN region, Hong Kong, Taiwan & <= st1:country-region w:st=3D"on">China)=
Japanese Inbound Tourism
Student & Travel Retail Centre
Incentives, Events & Conventions
Education placement agency
Japanese Tourism & Education e-commerce
Internet booking portal www.go2oz.travel

OUR= VISION

Be a global corporate citizen renowned for integrity, financial strength with perpetual expansion and ent= erprising development in the fields of tourism and education.

OUR= MISSION=

To ensure our visitors receive= a memorable and value-for-money experience. Services are delivered seamlessly through a combination of efficient technology and a network of disciplined professionals.

OUR= VALUES

We value that happy and loyal customers are foundations to any business.

We encourage our people to pur= sue their chosen path with passion and ownership by empowerment, transparent management and a structure for development.

We uphold our integrity and credibility to all stakeholders of our company.

OUR= GOALS

Blue Corporation aims to have = the option to be listed on the Australian Stock Exchange (ASX) by or before 201= 5. We constantly review our corporate objectives with emphasis on deploying new management techniques and business models.

Blu= e Travel Pty Ltd

Is one of Western Australia’s largest Asian inbound tour operators with clients from most parts of Asia and with representation in Kuala Lumpur, Jakarta, Singapore, Bangkok and across Japan. It is the largest independent land operator in W.A. for the Japanese inbound market. Our retail tours desk caters well for Japanese students and working holiday makers. The incentives division specializes in serving large corpor= ate clients and international incentive houses.

Asi= an Inbound

This division handles visitors= from all over Asia. Our clientele varies from family holiday makers, special interest groups, free independent travellers= as well as conference and incentive tour groups. The division handles more than 5,000 visitors annually. Our corporate clients include the following:

Inchape Bhd - The Borneo Motor= s Co. Singapore<= /st1:place>

Citicorp Corporation Asia Pacific

Motorola Asia Pacific

Epson Jakarta

Hayward Industrial Asia Pacific

The National Trade Union Congr= ess (NTUC), Singapore

Nokia <= st1:country-region w:st=3D"on">Indonesia

Eurocopter Singapore

Pacific & Orient Insurance= , Malaysia

Pioneer Electronic, Asia Pacific

American International Assuran= ce, Asia Pacific

Prudential Insurance, Asia Pacific

Cigna International, Asia Pacific

3M Unitek, Asia Pacific

Tuas Power (Singapore)<= /p>

Development Bank of Singapore<= /st1:place> (DBS)

Jap= anese Inbound

Our Japanese inbound division = is the main contractor in Perth for many large Japanese wholesalers. We also deal directly with travel agen= ts all over S.E. Asia specializing in the expatriate Japanese market. We have linkage with many Eastern States based operators in order to service our clients on a national basis. Our clientele includes Japan Travel Agency (JT= A) ; Nippon Travel Agent (NTA) ; Jalpak & JTB. We’ve handled many VIP corporate and government groups.

Ret= ail Tour Booking Services

Our tour retail section handles F.I.T. bookings of all sightseeing tours, hotel accommodation, and car hire= on a national basis This section help clients plan their itinerary and give professional advice on all facets of tourism in Australia.<= /p>

eCo= mmerce

Welcome to www.go2oz.travel, our very own Intern= et B2B Reservation System and look forward to the following:

1. Destination Information

2. Access online hotel inventory, rate and place online boo= king

3. Access Sightseeing/City Tour module to view our tour programs with a few finger clicks.

Visit our system and sign up n= ow.

We also have a Japanese langua= ge internet portal that services the end consumer. Using the powerful search engines of Yahoo & Google, this division manages to be ranked very high= ly and hence many hits a day resulting in bookings from all over Japan.

Blue Incentives

Our incentive operations cover= a wide spectrum of industries with clients from all over the world. We are experienced in handling large government and corporate incentive groups and have coordinated tour programs for CEOs of major international companies. B= eing familiar with the social and cultural background of our clients, we are abl= e to bridge the cultural differences between our international guests and local service providers to ensure smooth sailing.

Our corporate clients include:=

Baker and McKenzie Partners International Conference

Bosch – Asia & Europe

Compaq Computers – 3 top distributors groups from Asia

Delta Macro – South Africa

Epson - Asia Pacific

IBM Computers / Carlson Wagonl= it Singapore<= /st1:place>

Jaeger Watches - Singapore <= /p>

Panasonic Distributors Incenti= ve

Peugeot Distributors – R= ally Australia 2002

Peugeot France

Pfizer International Conferenc= e

UBS Bank Singapore <= /p>

Vitol – Asia

Zurich Insurance <= /o:p>

We are involved with our clien= ts from program creation, choosing hotels and suppliers, securing the best rat= es from suppliers, constant liaison with the clients and finally being with the group from start to finish ensuring everything runs according to plan. This division works closely with the Perth Convention Bureau and Eventscorp.

QUA= LITY ASSURANCE

We pride ourselves in the high quality standard of our products and services, as evidenced by the following facts and figures:

We hold a A$10 million in Public Liability insurance coverage<= /span>
Blue Travel is a member of IATA, with a TIDS code: 96-8-2776-5
Blue Travel is a Platinum member of the Perth Convention Bureau<= /span>
Blue Travel is a full member of the Australian Tourism Export Council (ATEC= )
Blue Travel is an active member of WA Chinese Chamber of Commerce

AUS= TRALIAN EDUCATION PTY LTD (Blue Educat= ion)

This company specializes in the counseling and placement of international students into educational institutions across = Australia. We provide a full range of personalized services to help international stud= ents to find the right courses in the right institution, and to settle in Australia<= /st1:place>. Our students are mostly from Japan, China, Hong Kong and <= st1:place w:st=3D"on">Malaysia. Including student educational groups, we handle over 1,000 students / year.=

Our services include counselli= ng, assistance in obtaining visa, airport transfer, accommodation, guardian-ship for under-aged students, setting up of bank accounts, application for healthcare cover, and orientation program on Perth. Leisure activities such as winery tours and inter-state tours are also offered to students during school/coll= ege breaks. The company also coordinates study tours whereby overseas students = may stay in Australia for a short period of time to study at one of Perth’s schools. A typical group consists of 15 to 35 students staying up to 2 week= s.

Reg= ional Offices:

With our recent expansion in <= st1:place w:st=3D"on">Asia, we have established the following offices wit= h aim to serve you better:

Singapore Office:

Blue Travel Pte Ltd

10 Jalan Besar, #12-08

Sim Lim Tower

Singapore 208787

t +65 6 391 3730

f +65 6 392 2275

e resv.sg@blueco.com.au

Malaysia= Office:

Blue Marketing Sdn Bhd

Suite 103, 1st Floor, Block A

Jln SS20/27, Damansara Intan

47400, Petaling= Jaya, Malaysia

t +603 7710 9601

f +603 7710 9603

e resv.my@blueco.com.au

Bank Details

Nat= ional Australia Bank (Perth Office)

50 St.Georges Terrace,

Perth, Western Australia 6000.

Account Number : 086-006 55766= -6838 (AUD)

Tel : (61-8) 9441 9175 / Fax : (61-8) 9441 9190 / Contact : Mr Henry Habekost

Uni= ted Overseas Banking (Si= ngapore)

Bedok Branch, Blk 210, #01-711= ,

Upper <= st1:City w:st=3D"on">Changi Road, Singap= ore 460210

Account Number : 127-900-1767 = (AUD)

Account Number : 127-310-607-9= (SGD)

Mal= ayan Banking Berhad (Mala= ysia)

8&10, Jalan SS2/63, 47300 Petaling Jaya,

Selangor Darul Ehsan, Malays= ia.

Account Number : 512-231-331023 (MYR)

Tel : (60-3) 7876 7001 / Fax : (60-3) 7876 4399 / Contanct : Mr Anderson Yap

Acc= ountants

CHARLES RIDOLFO & CO<= /o:p>

Chartered Accountants

Level 8, Victoria Centre, 14-16 Victoria Avenue,

Perth, Western Australia 6000.

Tel : (61-8) 9221 8899 / Fax : (61-8) 9221 8833 / Contact : M= s Mei Ching CHEK

Aud= itors

Moore Stephens BG=

Chartered Accountants

Level 3, 12 St.Georges Terrace= ,

Perth, Western Australia 6000.

Tel : (61-8) 9225 5355 / Fax : (61-8) 92256181 / Contact : Mr Neil Pace

Sol= icitor

Taylor Smart=

Barristers Solicitors & No= taries

Level 8, 50 St.Georges Terrace= ,

Perth, Western Australia 60= 00.

Tel : (61-8) 9325 8266 / Fax : (61-8) 9325 2895 / Contact : Mr Garry E Same

Ins= urance Broker

Pinnacle Insurances Pty.Ltd.

54 Teague Street,

Victoria Park, Western Australia 6100.

Tel : (61-8) 470 6922 / Fax : =

Underwriter AMP General Insurance Limited

Policy Number 6-Y019691L

Product Liability AUD 10,000,000.00 (AUD Ten Million Dollar= s)

Public Liability AUD 10,000,000.00 (AUD = Ten Million Dollars)

Worker’s Compensation GIO Australia General Insurance Limited

Policy Number WA018058

Work Cover Number WC08255520 =