Ann: Appendix 4C - quarterly , page-2

Some positives out of the announcement:


- Individual school PTA registrations increased by 32% (increasing school registrations will increase the revenue)

- Financing, marketing and development activities are expected to diminish in coming quarters (reduction in costs = increase in bottom line)

- Directors are cautiously optimistic revenue will steadily grow

- Refinement and development was undertaken subsequent to its launch, hence a delay in revenue (revenue will increase steadily from here)

- Received expressions of financial support for the development and ongoing commercialisation of KNeoWORLD from several sophisticated and professional investors.

Either way, there was no value factored into the SP prior to the quarterly anyway, hence no action this morning.

Now let’s see if the new ex-Angry Birds marketing recruit will start to make an impact in this quarter.

Cheers.