EstarOnline Limited Registered Office Address Allott Reeves & Co 192 Manchester Street Christchurch Directors DARBY, Matthew Joseph HARRISON, Paul John DARBY, Simon Background Incorporated: 20-JAN-1999 Major Shareholders Southern Capital - 7.8% (As at 20 Sep 2000) Shares on Issue Unknown Ownership Restrictions None Known Share Registry BK Registries Ltd Website www.estaronline.com News ~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~ Friday, July 20, 2001 - National Business Review As the dotcom hype subsides many e-commerce entrepreneurs are falling by the wayside, but this is not the case for Matthew Joseph Darby (36), whose company EstarOnline has won three major contracts in the past year worth millions of dollars. Darby's ten year plan is to become a leading NZ based software developer and e-commerce investor and he may be well on his way to achieving this goal. EstarOnline landed two six figure deals late last year with British music memorabilia company Fleetwood Owen and Australian entertainment site Scape. Another significant deal was landed in February this year with Flying Pig. Darby started out using $300,000 of his own money to set up CDstar, but he never considered his company to be a CD retailer only and sold CDstar to IT Media for an undisclosed amount in December last year. Darby has worked hard for these results - even canceling his honeymoon for a business meeting. He's not such a bad guy though, taking his wife to Fiji for a week as interim compensation. The 36-year-old ex-ad man has a passion for skiing, and while he was sharing a ride with a friend on a chair lift, the idea to start his own internet business germinated. These days he still finds time to ski most weekends. ~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~ Thursday, December 21, 2000 - NBR Personal Investor IT Media, which on Tuesday announced plans for a reverse takeover of Wilson Neill, continued its expansionist path with the acquisition of Christchurch-based online retailer CDStar from EstarOnline, an internet software company. ~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~ Saturday, 15 April, 2000 - Computerworld, by Andrea Malcolm Christchurch-based EstarOnline, the owner of the e-tailer CDStar has cancelled its IPO because of the shaky state of the world's technology stocks. The falling NASDAQ and the likewise performance of Kiwi tech shares has prompted EstarOnline to withdraw its submission to list even though it had raised the $10 million it had been aiming for. EstarOnline CEO Matthew Darby says, "We had the choice of proceeding or withdrawing. It's a tough call when you have $10 million sitting there and you know you can use it but it wouldn't have been prudent with these market conditions. We wouldn't have been getting the best value." Darby says the company may return to an IPO in a few months time but couldn't give any firm indication as to when because of the uncertainty of the market. EstarOnline is an unlisted public company with shares traded on the secondary board. This trading has been suspended due to the IPO but Darby says the company will return to the secondary board after it has returned the capital it has raised to would-be investors. The IPO which was fully underwritten by Deusche Bank, was to have closed on April 26. ~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~