Ann: Appendix 4C - quarterly , page-8

Sorry taken so long to reply Pussinboots - have been away, in fact an overseas trip following retirement in June. So I am now no longer at the coal face!

I think todays result speak for themselves and is indicative that Corum can continue to generate solid cash flow from it's well established business. I think there is a liklihood that we may see our first dividend (0.5 cent which will use about $1.2m of their $3.2m funds). I think by paying a dividend it will be good for their profile and attract a lot more depth in institutional investment interest.

The nurturing of the "E-Health" network is going to provide great growth opportunities for Corum. Their level of cash generation will allow continued development of their platforms. They already have established links with all relevant government agengies which are pushing and funding this agenda.

Todays close at market highs on a very down day for the market generally is very encouraging. If this quarters result is extrapolated to a full year at todays sp of 11 we have a PE of 3.8 and probably next year have a dividend of 1 to 1.5cps for the full year. So pehaps a yield of 10% plus.

Don't know how long Corum can remain under the radar???