Ann: Quarterly Activities Report, page-2

Some pleasing metrics in the report. The Poolbox business appears to be growing nicely here ...and I expect will really hit its straps when it moves to second gear in the US.

"Discussions with US distributors to establish partnering opportunities progressing."

Plenty of scope for further announcements there, I should think.

Also, meanwhile, I note the "Payments development" is progressing on track towards 2019 launch:

The Company is in the final stages of works with its affiliate partners to develop its own payment service offering. The management team has completed its review of proposals from vendors that provide transaction and network switching capabilities that are capable of meeting the Company’s current requirements to deploy an infield payment service with the greatest compatibility with current solutions, least lead time and minimal capital outlay.

Whilst the Company’s customer base has grown in the past quarter there has been significant growth in total customer transaction revenues managed by Cirralto systems. Cirralto measures cumulative customer revenue and between December 31 2018 and June 30 2019 customer transactions grew from $10M to in excess of $40M. This is a key marker, given Cirralto’s payments products will attract merchant fees that are calculated as percentage of customers revenue through the service. Cirralto expects to earn a minimum 0.5% in merchant fee income when the payment services launch.

The Company believes its offering to its customers is not only highly competitive on merchant rates, but also provides the added value of integrated financial and cash management capabilities that save the customer transaction fees and provides the Company with an additional revenue stream.

The Company is targeting a full commercial release of its own integrated payment services in 2H 2019 and will provide further updates as these solutions are developed, certified and rolled out in market.

Again, looking forward to that particular bit of newsflow.