Ann: Notice of General Meeting/Proxy Form , page-28

Hi Newland and Albuera

Newland that's where we differ - I am a cynic produced over many years of investing and being disappointed in humanity.

In reality 60 million shares in INT is worth @0.1 c = $60,000

The remuneration of the MD is $270,000 and he had 23million odd shares of which if memory serves me correctly 20 million were for free. The cash portion of his remuneration is $22k per month. You decide which is the biggest incentive. Read the CV in the AFS and decide.

The MD was around when Mr G left the first time and Mr P (chairman) was appointed. Go back to the 2010 AFS and read how many more key personnel there was and how many of them have come and gone.

The CFO came and left his package was up there as well - This is in a business that is building a base from what looks like zero. Not once have they disclosed what actual annuity revenue is each month. They have equipment sales etc. Sorry but to tell me this business needs a full-time high powered CFO does not add up to me. Oh well he has gone as well - Also under current MD watch.

Oh sorry the chairman has also come and gone as well.

Then there are the following facts:

1. THE chairman , CFO, COO and a founder and very large shareholder and non exec director have all gone. Oh by the way read the AFS the sales general manager also resigned on 10 September 2010.

2. Remuneration for the year 2011 including key personnel and excluding the free share based payments was : $1,012,227.

The market cap is around $4m and debt is slowly building. The key personnel cost is 25% of the market cap.

I dont see any skin in the game: The remaining shareholders excluding Kiril have 37 million shares in the game - G who is in a conflict with them has 100million 37million are worth $37k that is less than one months remuneration for the key personnel and oh by the way 20million of the 37million were free shares at no cost.

I love the product , I think it has a place in the market, I would like to see this company delisted and owned by a small group of guys who did not listen to spin but had all the facts. I think shareholders have none of the crucial facts. What is the actual billings of the embedded networks on a monthly basis - not capex sales just monthly billings and what is the margin of net profit INT earns from this and what is the past growth. What is the future growth as sales now dont seem to come into monthly turnover for a very long time. How many customers are not buying into this and are going directly for their services. What is the impact of wireless 3 and 4 G. What percentage of this is internet / telephony and what is electricity, water seems to be a service to the water supplier not a customer.

Everybody or most probably are basing their decision on the fact that the largest shareholder is putting more money in - He must have the information. Then there is the Kiril factor - I believe that his appointment to the board has been an enormous comfort to all investors as we all trust him - however how many other non executives have come and gone in this business and they just went into conflict with a non executive who held 100million shares. By the way the other executive director that has left has a contract until 2013 per AFS. Long time to pay if INT has to pay it out.

It may all come right but after you have sunk more money in are you not more committed to maintain your space at the table. Its like the adage its dangerous to owe the bank a million as its your problem but if you owe them 100million its their problem not yours. would you like to be in the consortium of bankers to GNS right now - probably not but if you are there you may have to risk more to protect the lot.

I think that anyone looking at this needs to have a very good read of the past three afs and reread the announcements and who put them out there and what actually happened. I would not invest unless I had direct access to the new non executive director , the largest shareholder, their due diligences - and access to a few of their customers - Hence why this is an investment best served off the market IMO.

I am not risking anymore than the $50 I have riding on this.

Please however this is my analysis - as I only have $50 on this actually it was closer to $500 at cost but I value my shares at today's value to decided to hold or sell. I am angry because I was IMO mislead by fancy slides and a lot of blue sky - I bought the greed of a 1.4c share that could be 10c soon. I almost got caught and would have lost a lot of money maybe not to others but certainly to me considering at the height I had around 12 million shares but I sold out some at a profit but the most at a oss but not a painful one that I made up elsewhere - if truth be told through the good insight of TTC who was onto something else and I started researching it.

Each person has to decide and maybe a phone call to those that you know may make up your mind this is just a reply to Albuera who I like and respect and wanted to share my views with and to Newland who puts a lot into this forum.

Good luck to all.