11.04.2007 Overview

Soanar Pty Ltd. and OSRAM Opto Semiconductors (Malaysia) Sdn. Bhd. Announce Australia and New Zealand Partnership Agreement

11^th April, 2007-- Soanar Pty Ltd. One of Australia`s largest, locally owned, distributors and OSRAM Opto Semiconductors (Malaysia) Sdn. Bhd. announced a partnership agreement covering Australia and New Zealand effective 11^th Apr, 2007. This agreement involves the distribution of all OSRAM Opto Semiconductor products

OSRAM Opto Semiconductors As the world`s second largest manufacturer of optoelectronic semiconductor for the illumination, sensing and visualization sectors, OSRAM Opto Semiconductors combines extensive know-how in semiconductors, converter materials and packages under one roof.

"OSRAM looks forward to working with Soanar to broaden our opto semiconductor products reach and allow greater penetration into our key target markets," states Alfred Felder, VP Sales&Marketing Asia, OSRAM Opto Semiconductors, Malaysia "Soanar possesses the technical design solutions and optoelectronic industry experience necessary to ensure optimal service and support for our valued customers."

Mr. Neil Walker, C.E.O of Soanar adds; "It is very exciting for Soanar to be entering into this partnership with OSRAM." he continues, "In working with one of the worlds leading manufacturers of optoelectronic semiconductors, we and our customers are assured of consistent innovation, quality and support." Mr. Walker then went on to say "OSRAM' s comprehensive range perfectly compliments Soanar's existing semiconductor lineup and further strengthens the diversity of quality devices on offer to our customers."

About OSRAM Opto Semiconductors

OSRAM Opto Semiconductors is a wholly owned subsidiary of OSRAM, one of the world's leading lighting manufacturers. It offers its customers solutions based on semiconductor technology for lighting, sensor and visualization applications. The company operates sites in Regensburg (Germany), San Jose (USA) and Penang (Malaysia).In the 2006 fiscal year, it achieved sales of around 500 million euros. This means that the optoelectronic semiconductor accounts for twelve percent of overall OSRAM sales.

For more information, visit www.osram-os.com.

About Soanar Pty Ltd
Established since 1963, Soanar is a pan regional distributor of electronic components and related products. Soanar's largely non-conflicting line card of global manufacturers is well complimented by various tailored services including field engineer support, product customization and supply chain solutions Headquartered in Melbourne, Soanar operates sales offices in the majority of Australian capital cities as well as Auckland and Christchurch in New Zealand. Soanar's main distribution facility is based in Sydney.

Except for historical information contained herein, the matters set forth in this news release are forward looking statements that involve certain risks and uncertainties that could cause actual results to differ from those in the forward-looking statements. Potential risks and uncertainties include such factors as the level of business and consumer spending for electronic products, the amount of sales of the Company's products, the competitive environment within the electronic component industry, the ability of the Company to continue to expand its operations, the level of costs incurred in connection with the Company's expansion efforts and the financial strength of the Company's customers and suppliers. Investors are also directed to consider other risks and uncertainties discussed in documents filed by the Company with the Securities and Exchange Commission.