Ann: June Quarter Update and Appendix 4C, page-4

Hi Forrestfield I don't necessarily put price targets on companies.I mostly invest by picking out small companies that operate in a large market.Late last year when DVI bought into BYOjet I looked into a number of travel companies Webjet,Flightcentre,Corporate Travel and Helloworld.The conclusion I came to was that with each of these companies once they got scale with TTV the sky was the limit.For example Webjet went from a small loss to $3.5 million profit within 2 years and the share price followed suit.If you look at the top twenty holders in each one of these companies many became multi millionaires.We also have iBuynew operating in a large market where there are opportunities.Early days but will see how it goes.