Ann: Surveying Operational Update, page-6

Directors are buying on market. The combined costs of the acquisitions alone are far more than the current market cap. Revenue is tracking at $140 million, and the aim is for 16-17% margin so that will be around $18 mil for the next 9 months. We were 25c with $100mil revenue for last year and net of about zero. A quarter operating at the 16-17% targeted margin, and a net profit and we should return to those levels. Everyone knows you can't charge out a surveyor at $85 and be making a profit...but the big contracts are coming on stream, so that will self-correct. They've grown revenue, have done the integration process, say they have corrected the working model. To dot the Is and cross the Ts just need a nice EBITDA and a net profit. Profit is the focus now, so that's what needs to be delivered.