APA FINANCIAL SERVICES LIMITED - Current Position

APA Financial Services Limited ABN 36 057 046 607 is listed on the ASX with the stock code APP.

Prior to its ASX listing in 2006APP undertook a capital raising to provide funding for the continued development of a sophisticated protfolio administration platform for use by the financial advisory community, with particular focus on self-managed superannuation funds.

During 2008 the business and IT platform were sold to Sydney based One Vue Limited while APP retained various marketing rights for Australia and New Zealand via a subsidiary entity Australian Portfolio Administration Partners Pty Ltd. Subsequently, on 31 December 2009, the shares in APAPL were swapped for direct equity in the One Vue group, which will continue to develop the original platform in conjunction with other One Vue products.  See www.onevue.com.au for information regarding the One Vue product range.

On 24 December 2009, APP lodged a prospectus with ASIC for a 1 for 1 pro-rata rights issue to raise additional capital for repayment of debt and working capital. A copy of the prospectus may be obtained free of charge from the ASX website, details of which are shown below.

Prospectively, on complettion of the rights issue in early February 2010, APP will be an unencumbered ASX listed company with a single investment asset being a passive shareholding interest in One Vue plus cash and various tax assets (subject to legislation).

The board of APA Financial Services Limited is currently assessing investment opportunities for the company. For further information regarding investment options, please contact any of the directors via the email form on the Contacts page.

Information about the financial background to the company can be downlaoded from the ASX website under code APP.  The link for the site is http://www.asx.com.au/asx/statistics/announcements.do?by=asxCode&asxCode=app&timeframe=Y&year=2009