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clb asx announcemnt This sounds like positive news to me but hte share price still languishes. I'm guessing things will cnage when the earnings start coming in.

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Creatable Media Quarterly Cash Flow, December 2004 - Commentary
· Cash balance - $4.251 million
· Sales increase by 56 per cent to $1.23 million for half year · Company is debt free Thursday January 27, 2005 - Creatable Media Limited (ASX:CLB) today released its
quarterly cash flow statement (Appendix 4C).

The company's cash balance at the end of the December '04 quarter was $4.251m.
During the six months ended 31 December 2004, the company recorded sales of
$1.23m which represents growth of 56 per cent over the corresponding period for the
previous year. This sales figure also represents growth of 62 per cent over the six
months to 30 June 2004.

More than half the net decrease in cash in the quarter related to two items which are
important in the development of the company, namely:
· Repayment of Convertible Notes including interest amounting to $1.66m - the company is now debt free; · Payment of an access fee of $0.69m to implement the contract with Westfield Corporation Inc. in the USA.
One of the company's largest expenses is the capital cost of table deployment. The
board and management continue to diligently monitor the company's cash position
and ensure that tables are deployed at a rate commensurate with increases in sales of
advertising.

On 4thJanuary 2005 Creatable Media appointed Mr Ben Zelinger as chief financial officer, replacing Mr Howard Woolcott. Mr. Zelinger has extensive experience in the
advertising industry, having been finance director at Fame Advertising, part of the
STW Group. Mr. Zelinger said "Creatable Media's sales growth has been very
encouraging, with December revenue being a record for the company."

The Directors have expressed their appreciation for the significant contribution made
to the company over the past year by Mr. Woolcott who is leaving the business on 31stJanuary 2005.
Creatable Media will provide further earnings guidance upon release of its December
half-year results.