Ann: Exclusive Mandate - Sale and Leaseback of Gy, page-4

re: Ann: Exclusive Mandate - Sale and Leaseba... Just seen a new Pulse press release which is very encouraging. Highlights -
It has recorded a net profit for the month of March. A first.
It is well on target to post a net profit for the June quarter. Another first.

Milestones achieved during the 3 months to March 31 2010 include -
Reducing debt by a further $419,000 during the quarter. Thats over the $3.2 million debt reduction in the prior quarter.
Confirmation that PHG is no longer in breach of debt covenants.
Also Craig Coleman now on the board (also of Southern Cross and Bell Potter.)

The CEO also states that "We currently have due diligence projects underway, which if successful will significantly enhance our earnings in their first 12 months of operation."
This follows the company's announcement re its aggressive growth strategy and they've said that due diligence projects are well underway. I reckon there'll be some more detail about this soon which could well grab a lot of extra investor interest.

This is a tightly held company in a good sector. Very good value imo. Watch this space. :0)