rather be in then out!, page-9

##Brad.....you made the assertion BQT would announce shares out of escrow and options excercised would be announced on the 30th of June.
They were not.
Which clearly suggests you were wrong.##

((((immediately following their release.)))))

Company Announcements 20 June 2005
Australian Stock Exchange Limited
20 Bridge Street
Sydney NSW 2000
Dear Sirs,
Re:Release from Ecrow-Restricted Securities
The Company announces that a total of 16,217,755 ordinary fully paid shares will be
released from escrow on 30 June 2005 and the Company will apply for quotation of these
securities immediately following their release.