Commitments Test Entity - Third Quarter Report

POCKETMAIL GROUP LIMITED                      2003-04-30  ASX-SIGNAL-G
					
HOMEX - Sydney                                                        

+++++++++++++++++++++++++
POCKETMAIL REPORTS STRONG FINANCIAL RESULTS FOR MARCH QUARTER.

* EBITDA positive for third successive quarter

* $A 0.5 million of debt repaid from cash flow

* March quarter operations produced a net operating cash surplus
of $A 0.3 million

Sydney, Wednesday 30 April 2003 - PocketMail Group Limited (ASX:
PKT), leading worldwide provider of affordable mobile e-mail
services, released its Statement of Cash Flows for the quarter ended
31 March 2003.

STATEMENT OF CASH FLOWS

Total receipts from customers for the quarter was $A 2.4 million
(December quarter $A 2.7 million).

Despite slightly lower receipts, the company generated a second
consecutive quarter of net operating cash flow surplus, $A 0.3
million (December surplus, $A 0.2 million)

The result reflects the company's success in restructuring and
rationalising its operations over the last 6 months.

The company achieved this operating cash flow surplus while
maintaining trade creditors at a constant level and reducing debt by
$A0.5million in the quarter.

OTHER FINANCIAL RESULTS

Earnings before interest tax amortisation and depreciation (EBITDA)
were $A 0.1 million (December quarter $A 0.1 million), and included
$A 0.1 million in additional costs resulting from restructuring of
Australian operations.Comments PKT Chief Executive, David Marchant,
commented:

This has been another quarter of improved financial performance. We
have now had three successive quarters of EBITDA positive trading,
and have reduced debt by another $A 0.5 million out of cash flow.

At the same time, we have laid the foundations to expand of our
distribution channels and increase our sales."

POCKETMAIL GROUP LIMITED

* PocketMail Group Limited (PKT), a leading world-wide provider of
mobile e-mail services, is a company listed on the Australian Stock
Exchange.

* PocketMail is an innovative, low cost, mobile e-mail service that
enables PocketMail customers to send and receive e-mail from almost
any telephone in the world using a PocketMail device.

* The PocketMail service is available locally in USA, Canada and
Australia, and internationally from every other country in the world.

* PocketMails board of directors are Andrew Kelly, Chris Coudounaris,
Robert Hodges and David Marchant


For further information, please contact:
David Marchant
CEO POCKETMAIL
Tel: +1 (408) 689 1241 or +612 9234 0000 Fax: +612 9233 8370
E-mail: david.marchant@pkt.com.au


                        APPENDIX 4C
               QUARTERLY REPORT FOR ENTITIES
                  ON BASIS OF COMMITMENTS

Name of entity
Pocketmail Group Limited

ABN                        Quarter ended ("current quarter")
008 719 015                31/03/2003

CONSOLIDATED STATEMENT OF CASH FLOWS

Cash flows related to                          Current   Year to date 
operating activities                           Quarter   (9 months)
                                               AUD'000      AUD'000

1.1  Receipts from customers                     2,353        7,907
1.2  Payments for         
       (a) staff costs                           (783)      (2,673)
       (b) advertising & marketing               (114)        (383)
       (c) research & development                    -            -
       (d) leased assets                          (53)        (230)
       (e) other working capital               (1,054)      (4,549)
1.3  Dividends received                              -            -
1.4  Interest and other items of
     a similar nature received                       -            1
1.5  Interest and other costs of
     finance paid                                  (6)         (83)
1.6  Income taxes paid                               -            -
1.7  Other (provide details if material)             -            -

1.8  Net Operating Cash Flows                      343         (10)

Cash flows related to investing activities                
1.9  Payment for acquisition of:        
       (a) businesses (item 5)                       -            -
       (b) equity investments                        -            -   
       (c) intellectual property                     -            -   
       (d) physical non-current assets             (7)         (39)   
       (e) other non-current assets                  -            -
1.10  Proceeds from disposal of:        
       (a) businesses                                -            -
       (b) equity investments                        -            -   
       (c) intellectual property                     -            -   
       (d) physical non-current assets               -            -   
       (e) other non-current assets                  -            -
1.11 Loans to other entities                         -            -
1.12 Loans repaid by other entities                  -            -
1.13 Other (provide details if material)             -            -

     Net investing cash flows                      (7)         (39)
 
1.14 Total operating and
     investing cash flows                          336         (49)

Cash flows related to financing activities                
1.15 Proceeds from issues of
     shares, options, etc.                           -            -
1.16 Proceeds from sale of
     forfeited shares                                -            -
1.17 Proceeds from borrowings                        -          200
1.18 Repayment of borrowings                     (514)        (822)
1.19 Dividends paid                                  -            -
1.20 Other (provide details if material)             -            -

     Net financing cash flows                    (514)        (622)

     Net increase (decrease) in cash held        (178)        (671)

1.21 Cash at beginning of quarter/
     year to date                                  312          803

1.22 Exchange rate adjustments to item 1.20         55           57

1.23 Cash at end of quarter                        189          189


PAYMENTS TO DIRECTORS OF THE ENTITY AND ASSOCIATES OF THE DIRECTORS
PAYMENTS TO RELATED ENTITIES AND ASSOCIATES OF THE RELATED ENTITIES

                                                       Current Quarter
                                                           AUD'000

1.24 Aggregate amount of payments to
     the parties included in item 1.2                          106

1.25 Aggregate amount of loans to the 
     parties included in item 1.11                               -

1.26 Explanation necessary for an understanding
     of the transactions

 $350,000 in loan funds were repaid to Bindera Pty Ltd, the groups
 major shareholder.

NON-CASH FINANCING AND INVESTING ACTIVITIES

2.1  Details of financing and investing transactions which have had a
     material effect on consolidated assets and liabilities but did
     not involve cash flows

 Current liabilities totalling $144,371 were repaid by issuing 7.2
 million ordinary shares in the company

2.2  Details of outlays made by other entities to establish or
     increase their share in businesses in which the reporting entity
     has an interest
        
 -


FINANCING FACILITIES AVAILABLE
Add notes as necessary for an understanding of the position.
(See AASB 1026 paragraph 12.2)

                                                Amount       Amount
                                              available       used
                                               AUD'000      AUD'000

3.1  Loan facilities -related parties & shareholders 2,361     2,361
     - Hire Purchase facility                          220       220

3.2  Credit standby arrangements                     -            -



RECONCILIATION OF CASH

Reconciliation of cash at the end              Current     Previous
of the quarter (as shown in the                quarter      quarter
consolidated statement of cash flows)          AUD'000      AUD'000
to the related items in the accounts 
is as follows.

4.1  Cash on hand and at bank                      189          312
4.2  Deposits at call                                -            -
4.3  Bank overdraft                                  -            -
4.4  Other (provide details)                         -            -

     Total: cash at end of quarter (item 1.22)     189          312




ACQUISITIONS AND DISPOSALS OF BUSINESS ENTITIES

                                 Acquisitions        Disposals
                                 (item 1.9(a))      (Item 1.10(a))

5.1 Name of entity               -                 -              

5.2 Place of incorporation
    or registration              -                 -              

5.3 Consideration for
    acquisition or disposal      -                 -              

5.4 Total net assets             -                 -              

5.5 Nature of business           -                 -              



COMPLIANCE STATEMENT

1. This statement has been prepared under accounting policies which
   comply with accounting standards as defined in the Corporations 
   Act (except to the extent that information is not required because
   of note 2) or other standards acceptable to ASX.

2. This statement does give a true and fair view
   of the matters disclosed.

D McArthur                     
COMPANY SECRETARY            Date: 30/04/2003