2012 annual y/e 30/12/12, page-5

I only hold a handful of companies ONC being one of them. Out of all of them ONC displays the biggest growth potential. In fact ONC's growth potential is unbelievable. The latest report reflects the beginning of a wonderful journey and I am not concerned about an increase in marketing and promotion. ONC must build on its brands and this is vital for its success. One line in the report that really excites me is:

"Development is underway to create a single platform that leverages our growing membership base..."

Its all about the membership base and with it ONC can cross sell and/or expand in other markets. If I was involved with this business I would be looking to build more business relationships and further complimentary acquisitions. From their track record management are doing this and will continue to to do so.

I am a conviction investor and ONC is one of my biggest holdings.