50 percent of 5 year goal in 1 year

Looks very interesting

Oncard international is a provider of loyalty, reward and card payment solutions across Australia and Asia with an evolving focus in China.

Now trading under the ticker ONC (since Dec06).

Company web: http://www.dcs.com.au/
Latest company presentation: http://www.asx.com.au/asxpdf/20070221/pdf/3112gt1t5fb1fy.pdf


Recent company presentation summary 21 – 02 -07:

• Oncard internation is now n track to meet its targets.
• Has built infrastructure across 7 Asia Pacific countries.
• Has developed a strong pipeline of acquisition and card related opportunities or roll out in 2007 – 2010.
• Has achieved 50% of its 5 year goal on card numbers in its first 12 months – and is now well on track to achieve its target of 10 million cards by 2010.
• Has brought together a strong management team with experience across the card, marketing, sales, loyalty, and rewards sectors.
• Exponential growth for oncard in China, the key regional market.
• In the first year of rebranding from its old shell “DSC Technologies” the co is expecting to be profitable by the end of fiscal 2007.

Tip by Eureka report as “tomorrow’s success story”. Backed by Peter Scanlon, Dick Pratt and James Packer. Current market cap $56Million, last traded at 41cents. Big jump in price over the last two days from 21cents to high of 45cents.

It’s a high risk high return co. One for the watchlist!