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2010/11 HIGHLIGHTS

HIGHLIGHTS

ACQUISITION OF MICRO APPLICATION, FRANCE’S No. 1 CONSUMER APPLICATIONS PUBLISHER

First announced in November 2010, the operation was completed on February 12, 2011.

“ We are delighted, as are our respective teams, with this merge. As software developers and publishers, Avanquest Software and Micro Application share the same culture of innovation and have each developed their own assets. Avanquest successfully targets professionals and the general public through its subsidiaries on three continents. In France, Micro Application has a leading position among the general public and sourcing capabilities that will be useful

to Avanquest’s profitable-growth strategy. Given the complementary nature of these two organizations, the success of this merger cannot be doubted, and I am happy to share in it as a shareholder and member of the Avanquest management team.

Philippe OLIVIER

Founder and President of Micro Application

Chief Operating Officer France and Continental Europe of the Avanquest Software Group

“

This strategic merger is aimed at consolidating the Group’s market positions while strengthening its capacity for innovation. Special attention is being paid to:

optimizing the synergies between the two brands through mutual enhancement of product lines in France, the United Kingdom and especially Germany;

and developing the innovative software that is at the heart of technological convergence, like applications for smartphones, tablets and social networks (iPhone, iPad, BlackBerry, Windows Phone, Facebook, etc.).

ACQUISITION OF PC HELPSOFT We acquired PC HelpSoft on March 31, 2011. Based in Victoria (British Columbia), HelpSoft specializes in sales of consumer utility software on the internet.

PC HelpSoft is a young company that is an expert at using internet referencing techniques and optimizing visitor conversion rates. This acquisition is part of Avanquest’s strategy to boost online sales and its integration will make it possible to:

optimize the conversion rate and the return on investment of its internet campaigns;

reinforce its presence in the more mature markets, mainly the very competitive English- speaking markets, and to duplicate its knowhow in new regions.