Ann: Investor Presentation, page-106

It's amazing how quickly everyone's reasonings change amidst continued failures.

First World Phone was released as a consumer app and everyone here bought into the $1m+ annualised revenues. This never eventuated and we would be lucky if we saw $300k revenue from this product.

Next we moved onto Corona, with a handful of customers trailing the products. Again, very little eventuated except two $50k contracts. Decent, but not enough to sustain a $20m market cap and not enough to break even. Throw in a MOU with VNPT, again from which nothing has eventuated and a SalesForce announcement which, you guessed it, nothing has eventuated as yet.

Now we aren't focussing on the individual products, which clearly have failed to takeoff as expected, but instead we are focussing on them as a 'suite', whatever that means. We're focussing on the innovaivity of the products, which upon further research, exist in abundance in the market.

You can only kick the can down the road for so long.