Near term items

Hi,

Here is my list of items I'm expecting to hear news on in the near short term. These are not potential items but actual business that is currently progressing.

TSN is currently undertaking a due diligence as part of an exclusive deal to acquire the remaining balance of 75% of TSI and at a price viewed as substantially below market value. This will allow TSN to significantly increase shareholder communication and makes the business more appealing to large funds in Australia. The deal is expected to conclude between now and April 2017 (maximum).

1. Bill Payment Business -

* In July 2015, TSI India won a five year e-commerce agreement with Punjab State Power Corporation Limited (PSPCL) for 200 electronic payment kiosks.

http://www.asx.com.au/asxpdf/20150701/pdf/42zjzmq3c7pql9.pdf

On the 11/11/16, the company highlighted that Phase 1 deployment and installation for 50 bill payment kiosks out of 200 had been successfully completed. With Phase 1 completed, I see more of these machines coming online near term. There are still 150 kiosks to be deployed and installed from this contract.

* On the 11/11/16, the company highlighted that they received a new order from Madhya Pradesh State Electricity board for an additional 164 machines. They are looking to deploy these machines during the current financial year. 'During' was the keyword for me here.

http://www.asx.com.au/asxpdf/20161111/pdf/43ctfkyw4qsvtl.pdf

2. ATM Business -

* On the 11/11/16, the company highlighted that they started the approval process with a majority of their bank clients for the re-deployment of an additional 600 ATMs. Looking to hear more on this front near term.

http://www.asx.com.au/asxpdf/20161111/pdf/43ctfkyw4qsvtl.pdf

* On the 28/06/16, TSI India formed an important strategic tie up SREI Infrastructure Finance, one of India's largest private sector integrated infrastructure institutions listed on multiple exchanges. This included a letter of intent with SREI for an initial pilot of 50 White Label ATMs (WLA) with installation to be completed August 2016 (news received regarding pilot phase 1 – refer to Operations Update dated 11/11/16 below). 9,000 ATMs as part of SREI’s White Label ATM strategy on a compelling cost plus financial model.

http://www.asx.com.au/asxpdf/20160628/pdf/4385bsqzj6p1pb.pdf

* On the 11/11/16, the company highlighted that the White Label ATM Deployment with SREI rollout continues, with deployment now underway in 6 Indian states for a total of 9,000 WLA. What we don't know is how many.

http://www.asx.com.au/asxpdf/20161111/pdf/43ctfkyw4qsvtl.pdf

With Phase 1 well and truly underway, I see more of these WLA coming online short term. Remember, SREI's intentions were to have 500-700 WLA online by the end of this year. Refer to link below.

http://www.financialexpress.com/ind...to-deploy-500-700-atms-by-end-of-year/372627/

* With recent new government Regulatory Changes underway, I'm also wondering whether there will be a TSI India business update regarding metrics right across the board.

3. ATM E-Surveillance Business -

* TSI India has successfully deployed their proprietary e-surveillance solution across 500+ of their existing 2300 ATM sites (pre-Mphasis deal). Refer to link below.

http://www.asx.com.au/asxpdf/20160315/pdf/435v4s973193s2.pdf

I expect deployment to continue across their remaining existing 1800 ATM sites near term.

* On the 15/03/16, TSI India won their first e-surveillance tender with Andhra Bank for 500 ATM sites. This is a five year contract.

http://www.asx.com.au/asxpdf/20160315/pdf/435v4s973193s2.pdf

On the 11/11/16, TSI India highlighted that deployment across 300 (of the 500 contract) of Andhra's ATMs was complete. It took the company less than 8 months to complete. I'm now waiting for news on the remaining 200 e-surveillance across Andhra ATMs to come online.

http://www.asx.com.au/asxpdf/20161111/pdf/43ctfkyw4qsvtl.pdf

* On the 15/03/16, TSI India was approved by Laxmi Vilas Bank to deploy its e-surveillance solution, integrated with its power managment solution at their sample sites to showcase its system. That was eight months ago (exactly the same time as per Andhra Bank tender win). If successful, TSI will have the opportunity to rollout across 900 Laxmi Vilas Bank sites. I expect we'll hear more on this front soon if the Andhra Bank news is anything to go by.

http://www.asx.com.au/asxpdf/20160315/pdf/435v4s973193s2.pdf

* On the 11/11/16, TSI India highlighted a new e-surveillance deal for 185 ATM sites with Kotak Mahindra Bank. TSI India beat existing market leaders on technical ability as well as price for their solution. I expect we'll hear more regarding the rollout of these solutions across Kotak's sites near term.

http://www.asx.com.au/asxpdf/20161111/pdf/43ctfkyw4qsvtl.pdf

4. Power Management Business -

* We know from the link below that TSI India have successfully deployed their proprietary e-surveillance solution across 500+ of their existing 2300 ATM sites (pre-Mphasis deal). I wonder how many sites they've integrated their power management solution across? Take note of what was highlighted on page 8 re HDFC Bank of the 2015 Corporate Presentation below. Wonder whether we'll hear more regarding this solution for their existing ATM sites?

http://www.asx.com.au/asxpdf/20150515/pdf/42yl8x4cqbsnp7.pdf

* On the 15/03/16, TSI India was approved by Laxmi Vilas Bank to deploy its e-surveillance solution, integrated with its power managment solution at their sample sites to showcase its system. That was eight months ago (exactly the same time as per Andhra Bank tender win). If successful TSI will have the opportunity to rollout across 900 Laxmi Vilas Bank sites for both e-surveillance as well as power management solutions. I expect we'll hear more on this front soon if the Andhra Bank news is anything to go by.

http://www.asx.com.au/asxpdf/20160315/pdf/435v4s973193s2.pdf

* On the 11/11/16, TSI India highlighted a NEW enhanced feature/capability of the power management solution.

- Electronic ATM site shutter down and up at designated times.
- System under pilot trial for one of the large public sector banks in India.

Fingers crossed for some news on this front in the near term.

http://www.asx.com.au/asxpdf/20161111/pdf/43ctfkyw4qsvtl.pdf

5. Integrated monitoring and ticket system business:

* On the 11/11/16, TSI India highlighted that they received an in principal approval from BTI (White Label ATM Operator) to create an integrated solution (first of a kind solution for the industry) for monitoring devices such as Power back up solutions and digital video recorder monitoring. Did not specify how many.

* There are also plans to create incident tickets on existing managed service platforms currently used by TSI to monitor the ATMs of BTI.

* This new system is also planned to be rolled out across 3,500 of TSI India's managed ATMs.

Fingers crossed for some news on this front in the near term.

http://www.asx.com.au/asxpdf/20161111/pdf/43ctfkyw4qsvtl.pdf

Wouldn't want to be on the sidelines when news on any of the above items is announced.

Tony