Ann: New SME Pricing, page-30

I respect your view point but I think you have some reading to do. They are actually executing a three pillar strategy at the moment.

They aim to revenues from enterprise clients, resellers and the sme market. Check out the reseller agreements and those announcements for more info.

The deal with adp is insanely massive. This is a global giant. Russel was very excited about it. It will expose velpic all over the world.

Re your comments about double their customer base to break even. They've basically done that already in not even 3 months, the reach the velpic platform has is very large.

Also remember that the Christmas break killed momentum and Australia is virtually on holidays in January.

Aside from the profitability comment - companies like Xero are still not profitable. Reffind itself had a huge $1.3 million dollar deficit in its cash flows. Revenue of $164k ? Christ mate. Don't think reffind is going anywhere fast, but good luck to ya!

Cheers