financial statement is out!, page-7

From report today...

The forecasted and projected revenues for upcoming financial years show significant growth, and an overall sales level well above what TZI has experienced previously. There are several factors contributing to the workup of the financial information, and the material points are noted below:

• TZI's products/solutions for these business units have only recently been commercialised, with sales in the last two fiscal years representing lower levels that are accustomed to new products.

• The data centre micro-security market is estimated to be a $1.5 billion market that will grow at 4% - 6% annually in the near term.

• Commercial partnerships with the signing of key distribution and reseller agreements.

• A strong sales pipeline is in place to support sales anticipated for the 2012 financial year and beyond.

• TZI has achieved positive results post year end in excess of those forecast.

Management believes these growth rates are achievable and they are confident the forecasted revenue growth can be achieved.