negotiations in china

fyi-
from Hardman & Co-have a read here:
http://www.epay-asia.com/default.html

EPY will start its Chinese operations in one of
the provinces, which we assume will be 1.5
times the size of Malaysia in terms of
population, though the market is likely to be
less mature. We assume that if negotiations
can be concluded in the next couple of months,
operations could begin in the early months of
Q2 2008.
By the end of the year we would expect EPY’s
Chinese operations to be achieving a run rate
around AUD 14m a month in transaction
value, and AUD 280k a month in revenue.
With expected growth rates high as initial
market penetration is achieved, we would
expect to see the run rate increase to AUD 32m
in transaction value a month by the end of FY
2009. That would indicate annual revenues in
the region of AUD 5.4m, increasing total
company revenues by 35%. However, the
impact on earnings will be less, since the
minority percentage is higher than in Malaysia.