Ann: Appendix 4C - quarterly, page-10

Well I can understand the market reaction. Growth has slowed down a lot this quarter and product manufacturing costs have gone up significantly. I think the market was expecting them to be cash flow positive to the tune of around $500k. That said it seems like it could be a great buying opportunity. I am guessing product manufacturing costs increased due to the investment in the school groups tech and this should accelerate school numbers in future quarters. Verify also could have required a substantial investment and I am quite excited about the huge potential here. The story is still in tact in my opinion but I have to admit I expected a better quarter too. That said I see this as a longer term investment, so happy to be patient.