CORONA

What the market is eagerly awaiting is if/when those large enterprises move from trialing the CORONA product to actual full scale implementation. That however takes time, but the signs to date are encouraging.

* So far Norwood have two paying Blue Chip enterprises for their CORONA product onboard.

* Early adopters of the CORONA platform include representatives from six S&P/ASX 200 companies as well as other global financial institutions, professional service providers, engineering and energy companies. We know that one of the 30 + companies using (trialing) CORONA in some form includes iinet.

* What we also know is that some of the fees these enterprises are paying can run into the millions.

* What I'm waiting patiently for is for the company to continue recruiting resellers to promote CORONA & for white label partnerships to begin to materialise.

* World Phone will be what drives product awareness not only targeting individuals but prosumers - key users who work within these large organisations that Norwood are targeting.

* As I've highlighted previously, show the people/organisations using the products savings first and conversions will increase. I'd really like to see how the two current blue chip enterprise companies are coming along.

* The viral tools integrated into the company's platform for the CORONA product (Viral Enterprise Channel not yet integrated into the platform) will play an integral role imo going forward.

Norwoods World Phone product appears to be liked. So far what we know is that World Phone download numbers are increasing week to week, there are increases in early revenue from in-app calling time, monthly subscriptions, personal phone numbers and freebie App users are beginning to convert to paying customers. That's an encouraging sign in only 4 plus months. Fingers crossed the value proposition is looking much more attractive to Blue Chip enterprise companies today than four months ago based on these encouraging early metric improvements.

Tony