sign in hong kong question, page-36

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    re: two signs in perth Pigofsteel,

    Thanks for the reply but I no longer live in perth.

    My point is that Lumacom has in the past and quite often announced deals which never eventuated.
    In the last 6 months it has made more promises of deals but I havent seen anything really eventuate yet.

    Look at this announcement of nearly 2 years ago...it sounds very similar to announcements made 12 mnths ago and 6 months ago...expect now lumacom is talking about 50 signs in europe instead of 30 it said 6 months ago.


    If you beleived everything that Lumacom put out...or even half of what they put out you would be quite dissapointed in the end results.

    They seem to be spruking the same old story over and over....

    At the end of the day how many signs have actually been built so far....3 in 4 years???






    2002-04-30 ASX-SIGNAL-G

    HOMEX - Perth

    +++++++++++++++++++++++++
    ACTIVITIES STATEMENT

    The Company's focus in the March quarter centred on the launch of its
    products and technology in markets around the world, including the
    following:

    UNITED STATES

    The Boshe Group, a renowned business and marketing consultancy, was
    appointed in October 2001 to coordinate the planning and
    implementation of the Company's entry to the lucrative US market. A
    local US office is being established to facilitate and progress
    alliance discussions with local US sign companies, advertising
    industry specialists, architects, building owners and local
    manufacturers. Strong interest in Lumacom's LumaPanel system is being
    shown and several project proposals are currently being developed.

    AUSTRALIA

    Promotion of roof-top signage systems is progressing with national
    companies for corporate-style signage. As announced previously, the
    first of such sign orders for an Adelaide hotel chain has been
    received, with the project currently awaiting council approval This
    particular application of LumaSigns has been positively embraced. The
    Company is continuing to develop the application of its LumaSign
    systems to the outdoor bill-board market.

    SOUTH EAST ASIA

    A number of LumaPanel proposals for use in outdoor advertising
    networks are currently being negotiated through Lumacom's Kuala
    Lumpur, Malaysia based office. The proposed commercial arrangements
    vary by client, but typically include outright sale of the signs and
    an ongoing share in advertising revenue for Lumacom.

    TAIWAN & CHINA

    The Company's Taipei-based licensee is currently in the process of
    carrying out manufacturing sample production This will place it as a
    strategic partner in the supply of LumaSigns within the region, as
    both a production manufacturer to Lumacom as well as a seller of
    systems built under licence, with Lumacom being the exclusive
    supplier of its proprietary and patented "chip module" hardware.

    The Company is also endeavouring to penetrate the enormous Chinese
    market, with a number of encouraging leads developing within the
    outdoor advertising and roof-top corporate branding sector of the
    industry.

    An office is being established in Flong Kong to service transactions
    involving the supply of product through Taiwan to customers
    internationally.

    UNITED KINGDOM

    A strategy for the launch of Lumacom's products into the UK has been
    formulated, and the appointment of an independent marketing
    specialist has been made. Entry promotion into this market is
    underway.

    MIDDLE EAST

    Negotiations with potential alliance partners and end-user customers
    are continuing in the region. The Middle East sector, particularly
    Dubai, is expected to generate good results for the Lumacom product
    range.

    GENERAL

    Commercialisation of the Company's technology and product range has
    been slower and mow difficult than the Company anticipated when it
    listed on ASX almost two years ago. However, indications are emerging
    that the unique features of the Company's products, together with the
    significant cost advantages they offer, are beginning to be
    recognised around the world.

    R Sala
    MANAGING DIRECTOR

 
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