Jumbuck Acquire Online Auction Community OZtion.com.au

Jumbuck Entertainment
Ltd (ASX:JMB) is pleased to announce the 100% acquisition of Oztion Pty
Ltd, the largest Australian-owned online auction community. With this
acquisition Jumbuck acquires a strong web business with 1 million
unique visitors a month, 275,000+ registered trading accounts and a
user-friendly mobile service.

“With over 670,000 items for sale, OZtion is
the clear challenger to become the biggest online auction website in
Australia” said Adrian Risch, CEO of Jumbuck. “With eBay’s recent
restrictive changes, many buyers and sellers have been switching to
OZtion. Jumbuck has a giant community of users and we can help bring
this great service to many new buyers and sellers”.

Philip Druce, Managing Director and
co-founder of OZtion commented “Joining forces with Jumbuck will help
us grow OZtion and continue to improve the range of services we offer
buyers and sellers. Jumbuck is a strong, highly profitable company with
reliable established products. This will give OZtion users further
confidence in using our auction service.”

Snapshot of the OZtion integration with Jumbuck:

• OZtion is currently ranked 150th most
popular website in Australia (source: Alexa)
• OZtion is on track to generate $1.2 million in revenue for financial
year 2008/2009, double the previous year.
• OZtion’s mobile site will be tailored and offered to Australian
mobile operators. M:metrics reported recently that US mobile users
spent more time browsing Auction sites on their mobile than any other
site.

‘Aussie for Auction’ is the tag line for
OZtion.com.au and represents the uniquely Australian community who
currently use the service because it’s ‘fair-dinkum’.