• $1.9 million cash in bank and NO DEBT at 30 June 2009
• Sales pipeline and channels improving every month heading into FY2010. Operating costs continue to be contained.
• Business expected to be cash flow positive in FY2010 and deliver maiden EBITDA profit
• Continued customer acquisition and continued low levels customer churn are key business drivers
• Fixed Cost base and annuity revenue stream make the key financial business gauge the Monthly Recurring Revenue Charge (MRC).
• The MRC continues to grow each month (next slide) FINANCIAL Endorsed by the Federal and Western Australian Governments
• $1.8 million dollar grant to build satellite wireless network awarded in November 2007 to NewSat
•Network built on time/on budget and runs through remote Kimberley Region in WA
•Provides coverage at locations within 16 communities in the region (ie Broome,Derby, Fitzroy Crossing, etc.)
• Most of the 16 communities previously had no broadband access
• People and Government Agencies within the communities can now access online banking, educational training, internet, email, VoIP and Video using the NewSat infrastructure
************** • NBN “Test Case” for NewSat satellite infrastructure in remote communities **************
One more test to go..
TG
NWT Price at posting:
25.0¢ Sentiment: ST Buy Disclosure: Held