anyone know much abot this one?, page-4

this latest announcement is woprth taking note of...especially if it means that they now have a profitable outfit! and this bit also at end of the announcement....

"These sales combined with the expected finalisation of production by SafeNet Inc. of the CTAM CypherNET product range for distribution in the US this quarter raise expectations of significant earnings and revenue growth in the new financial year."

STATEMENT BY THE DIRECTORS OF
SENETAS CORPORATION LIMITED
SENETAS ANNOUNCES $5.1 MILLION IN RECENT SALES

The board of Senetas Corporation Limited is pleased to announce that the sales anticipated in its announcement to the ASX in May 2004 have been finalised.

The company has secured $900,000 of sales just prior to 30 June 2004 and a further $4.2 million of sales were secured after the 30th June 2004.

The $5.1 million worth of sales mentioned above included: 1. $2.3 million sale of network security encryption to an Australian Federal Government
Department. The solution requires the deployment and maintenance of the group’s CTAM CypherNET ATM and Ethernet encryptors. The solution will be implemented
over the next three months.

2. $1.4 million sale of an application development for a major Australian IT&T company.

3. $730,000 sale of a business intelligence software solution to a major Australian manufacturer. Senetas also expects to provide substantial professional services to implement and deploy the solution enterprise wide.

4. $400,000 sale of a financial forecasting solution for a major listed property group. The application development of the solution will be undertaken over the next few months and will be of a professional services fees nature.

5. $200,000 sale of software developed by its subsidiary Technal Pty Ltd.

6. $130,000 sale deploying security software to an Australian Government Department. Of these sales $900,000 will be recorded in the results for the financial year ended 30 June 2004. These sales continue to build on a strong growing base of both product and services sales.

These sales combined with the expected finalisation of production by SafeNet Inc. of the CTAM CypherNET product range for distribution in the US this quarter raise expectations of significant earnings and revenue growth in the new financial year.

The directors note that the market environment for IT business solutions around the security and business intelligence/data management space has continued to firm and the company expects these conditions to continue for the next 12 months.

About Senetas:
Senetas Corporation Limited (ASX Code: SEN) is a leading supplier of Enterprise Information
Management solutions specialising in Business Intelligence, Enterprise Management and
Security IT solutions.
Visit Senetas on www.senetas.com
For further information contact:
Francis Galbally
Chairman and Group Chief Executive Officer
Senetas Corporation Limited
Phone: 03 9868 4555
Email: [email protected]
Stephen Munday
Group Chief Financial Officer
Senetas Corporation Limited
Phone: 03 9868 4555