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Forte Energy NL (FTE)


Monday 12 September, 2016

Forte Energy NL

New Software Development Centre

                                                                                    BOS GLOBAL Holdings NL
                                                                                           ACN 009 087 852

                                                                                               AIM Release
                                                                                         12 September 2016

Announcement of New Software Development Centre

BOS  GLOBAL  Holdings NL ("BOS" or "the Company") (AIM: BOS), is pleased to advise that Board has  resolved
today  to establish an offshore enterprise software development centre founded in Chennai, India under  the
leadership of Anil Ravi (VP Engineering) who is based in San Francisco California.

It  is  intended that the BOS Global Software Development Centre ('BOS GSDC') will commence full operations
from  1  December  2016,  in line with the Company's plan to accelerate commercialization  of  BOS360  Work

Anil  Ravi  commented:  "the team which has been assembled has extensive expertise  in  enterprise  product
development  and commercialization. I have worked with most of the team, as has Grant Chapman, BOS's  Chief
Innovation  Officer,  over  the  past 10 years at a global security and  storage  software  company.  I  am
delighted to receive full Board support and approval to commence establishment of this global team".

It is anticipated that the Company will derive significant benefits from the establishment of the BOS GSDC,

    1.      the Company having greater control over its intellectual Property Assets with the initial team
            of 8 full-time employees;
    2.      reduced dependencies on third parties, delivering greater development flexibility and speed to
            product revenue;
    3.      providing support to clients for BOS360 Work Patterns Platform as a Service; and
    4.      availability of a skilled team in-house for integration of legacy systems.

Michael  Travia  commented:  "the Leadership Team financial and business argument  for  the  BOS  GSDC  was
compelling, and I look forward to visiting Chennai and welcoming the team with Anil and Grant".

The primary role and responsibilities of the BOS GSDC will be:
    *       research and development;
    *       productisation of existing and new patents;
    *       software design and development; and
    *       product support, maintenance and warranty.

Further updates will made in due course.

For further information contact:

Michael Travia, Managing Director
BOS GLOBAL Holdings NL                   Tel: +61 (0) 8 9322 4071

Oliver Morse
RFC Ambrian Ltd                          Tel: +61 (0) 8 9480 2500
(AIM Nominated Adviser to the Company)


Suite 3, Level 3
1292 Hay Street
West Perth WA 6005
Ph: +61 (0)8 9322 4071
Fax: +61 (0)8 9322 4073
Email: [email protected]

Forte Energy NL

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