Ann: Accelerated Revenue Results In Reduced Capital Requirement, page-5

Fully diluted market cap upon relisting (based off 2 cent capital raise valuation) with 2,479,276,880 shares on offer (including performance shares and options) will be $49,585,538

Fully diluted market cap on previous offer (based off 2.5 cent capital raise valuation) with 2,789,276,880 shares on offer (including performance shares and options) would have been $69,731,922

Dilution has been reduced by 12.5% (310,000,000 shares) and Market cap has been reduced by 40.6% ($20,146,384).

This is fantastic news for holders, as you will get more bang for your buck.

Usually a $7 million initial capital raise would give you working capital for a 2 year period. The raise is now only around $750,000. This indicates that over a short space of time, revenue expectations have been increased and accelerated. The Tata Communications contract must be going well, and SE Asia Freeway launch has gone well.

A successful CES & MWC and a strong existing pipeline of customers means that there is more to come.

Good luck everyone!