31 October 2016

September Quarterly Activities Report Highlights

  • Zyber converts REDtrac into a paying customer, expands new IOT opportunities and continues working through features and testing with Cynosure and T&T Proof of Concepts ("POC")

  • Zyber completes placement, raising $1.235 million

  • Zyber undertaking an underwritten Entitlement Offer to raise up $1.068 million

Zyber Holdings Limited (ASX: ZYB) ('Zyber' or 'the Company) is pleased to provide the following update for the September 2016 quarter.

Proof of Concept Trial Agreements REDtrac

As previously reported, Zyber had commenced installation and field testing with REDtrac, with members of Zyber on site to facilitate a walkthrough of the Zyber platform features. The REDtrac POC was designed to use Zyber's product to enable secure sharing of engineering drawings and O&M water well site documents with contracted field crews via their mobile devices.

REDtrac has concluded the terms of the POC and has agreed to purchase the Zyber hardware. RedTrac has subsequently asked for a proposal for an additional upgrade to core Zyber platform related to harvesting data from site based meters. We are currently in discussions related to the full scope of their unique needs with the intention of pursuing a long term relationship with REDtrac.

Cynosure

Installation and field testing began with Cynosure where the platform will be used to share confidential company information with remote employees via their existing mobile devices and to easily retrieve, aggregate and collate client portfolio data (files) spread across multiple enterprise based systems. Zyber sees this opportunity as a potential strategic reference for the platform being used in the financial services space.

T&T

The T&T POC is to utilize Zyber to share and disseminate data securely with multiple stores and groups of stores, allowing employees to have access to their data via existing mobile devices.

Zyber has also been tasked to provide a solution that has the ability to retrieve store specific data and files, spread across multiple legacy enterprise systems (accounting, purchasing, private directories etc).

NEW OPPORTUNITIES

Zyber is preparing to launch a new consumer application - MyZyber, which provides the consumer market with "an Instagram/Snapchat-like experience" with what we believe will be unprecedented functionality, control, and even "audit report" capability.

This effort is very exciting, but we will be entering a hugely competitive space. We believe MyZyber may enjoy a competitive advantage but we need to remain focused and nimble. To that end, we invite investor feedback via an "invite only Beta test group". Please email info@zyber.com if you are interested in participating. We look forward to continued investor support as we proceed.

Corporate

Subsequent to the quarter end, Zyber completed a placement of fully paid ordinary shares (Shares) at an issue price of $0.0065 per Share to clients and contacts of Patersons Securities Ltd to raise $1,235,000 (Placement).

In addition, the Company is seeking to raise up to approximately $1,068,018 (before costs) through an underwritten pro rata non-renounceable entitlements offer of one (1) fully paid ordinary share in the capital of the Company (Share) for every two (2) Shares held by eligible shareholders on 14 October 2016 (Record Date) at an issue price of

$0.005 per Share (together with one (1) free attaching option for every two (2) Shares subscribed for and issued exercisable at $0.012 on or before 31 October 2019) (Entitlement Offer). The Entitlement Offer closes on 28 October 2016.

For further information, please contact

Elizabeth Hunt Company Secretary info@zyber.com

About Zyber

Zyber Secure Mobile Solutions builds secure file sharing business applications with an emphasis on security, scalability and functionality. Zyber automates confidential information flow processes for industries including government, banking, healthcare, retail and the public sector.

Social Media Policy

We believe in providing the highest levels of communications, and whilst the ASX remains the platform for market sensitive releases, we encourage all shareholders to follow Zyber on Twitter (@myzyber), LinkedIn and YouTube.

Dourado Resources Limited published this content on 31 October 2016 and is solely responsible for the information contained herein.
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