Ann: L7 Achieves Cisco Gold Certification, page-5

"Jason Brouwers, the ANZ MD for Cisco’s Partner
Business Group, also commented “L7 has a proven track record of consistent growth across
our suite of products and services, we are looking forward to working with them nationally”.

Sounds pretty good to me... and this...

"In the current financial year L7 has transacted in excess of $6M
worth of Cisco products and services, and that is without being at the Gold level.”

That's out of $18.7M.... so L7 is bringing in about 1/3 of revenue.

MC of 8.8M, cash of 4.5M and revenue of my guess $35-40M p/a

If they can improve margins, which the last 1/4lys are showing, then this isn’t' a bad sleeper.

News of a new contract, esp Govt., should make this bounce IMHO.