Online Lottery to be a Major Growth Platform for Jumbo Corporation

Brisbane, Australia, September 17, 2005 - One of Australia's first dot-com start-ups, Jumbo Corporation (ASX:JUM) continues to post a growth in yearly operating profits and sets its focus towards recent Online Lottery acquisitions.

For the year ending June 30th 2005, Jumbo Corporation has posted an after-tax profit of $630,000 compared to a profit of $290,000 in 2004. This result includes one month of trading from TMS Global Services Pty Ltd. which was fully acquired in May 2005. On a twelve month trading basis, a combined Jumbo and TMS business would have resulted in a FY05 profit of $1.5 million.

"Our 3rd straight record profit and the successful acquisition of TMS are the highlights of the most successful year in Jumbo's history", said Mr Mike Veverka, CEO. "The addition of TMS improves our profitability and brings many new opportunities due to its unique licenses to sell Australian lotteries online."

"The company's financial position is strong with cash levels of $5.5 million, total assets of $11.5 million and net assets of $3.9 million", said Mr Veverka. "the strong financial position gives Jumbo the ability to take advantage of its early mover advantage in the online lottery industry which is expected to undergo substantial growth over the next 5 years."

Full details of this release can be found here: http://jumbocorporation.com/press/docs/JUM-PRELIMREPORT2005.pdf

ABOUT TMS

TMS Global Services Pty Ltd is a wholesaler and online retailer of Australian lottery products through agreements with Tattersall's (Victoria) and the NSW Lotteries Corporation. The company retails popular lotteries such as Saturday Lotto, Powerball and OzLotto via its website at www.ozlotteries.com. As well as the online lottery business TMS supports a private network of lottery outlets in various Pacific Islands including Fiji, Cook Islands and Norfolk Island. This network was established in the 1990's and allows traditional retailers to sell Australian lottery products.

ABOUT JUMBO

Jumbo Corporation Limited is a successful online retailer and e-commerce provider. Profitable for the last 3 years, the company retails a range of products such as pharmacy goods, software and luxury items such as fragrances and cosmetics from its popular www.jumbomall.com web site. The company has accumulated in excess of 300,000 online customers which form a base to promote new products such as lotteries. Jumbo also provides a range of e-commerce services to customers worldwide from its www.jumbostore.com web site.