HUG - Huge - Board Apppointment

HUG - Huge - Board Apppointment                                                 
HUGE GROUP LIMITED                                                              
(formerly Vanquish Fund Managers Limited)                                       
(Registration number 2006/023587/06)                                            
Share code: HUG & ISIN: ZAE000102042                                            
("Huge" or "the company")                                                       
BOARD APPPOINTMENT                                                              
In compliance with paragraph 3.59 of the Listings Requirements of the JSE       
Limited, the board of directors of Huge are pleased to announce the following   
restructure.                                                                    
With effect from 1 August 2008, Mr Donovan Tredoux has been appointed to the    
board of directors.                                                             
Mr Donovan Tredoux ("Don") brings with him 20 years of Telecommunications       
experience in South Africa, principally in the PABX and cellular industries.  He
started his telecoms career with Telkor, a subsidiary of Reunert, in a sales    
role and moved into the national sales manager position within three years.     
Siemens purchased Telkor to acquire its extensive client base so as to add to   
its own footprint.  Don was head-hunted by Plessey Telecommunications at the    
time and tasked to set up a new Corporate PABX Division.  After its successful  
implementation and with Plessey`s appetite to venture into the then new cellular
industry, Don was transferred to Aztec Cellular, a joint venture with a UK based
subsidiary of Plessey.  Don was one of the first staff members and was tasked   
with assisting in the establishment of the business in South Africa.  After     
three years as the head of sales and distribution, Siemens again approached Don 
to join their GSM hardware division as head of Sales and Marketing and to       
increase their market share in South Africa, which rose from 2% to 15% during   
his tenure.  During his employment at Siemens he identified and defined the     
opportunity of cellular least cost routing. He left Siemens with an exclusivity 
agreement for GSM technologies and in 1996 opened his own business, Redwin      
Telecommunications, to bring the solution to the market.  In 1997 Ursus, an     
international call back provider purchased Redwin, and Orion Cellular was       
formed.  Don took up the position of managing director and majority shareholder 
in the Orion group and remained with them for ten years.                        
He was also responsible for Sales, research and development, legal and          
regulatory matters and their "Blue Sky" strategies. The turnover of the group   
grew from an initial R3 million per annum, exceeding R750 million on his        
departure at the beginning of 2006.  Don is an entrepreneur by nature and has a 
flair for identifying technologies and marrying them with marketplaces.  He left
Orion to concentrate his efforts in what he identified to be the "next big      
opportunity" namely, value added least cost routing solutions and Java platforms
on the mobile handset.  Throughout his career, Don has played a very active and 
instrumental role in research and development to further the growth and user    
experience of the different product offerings.  He is technically minded, but   
market orientated.                                                              
Woodmead                                                                        
4 August 2008                                                                   
Designated advisor                                                              
Arcay Moela Sponsors (Pty) Limited                                              
(Registration number 2006/033725/07)                                            
Date: 05/08/2008 11:45:01 Supplied by www.sharenet.co.za                     
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