Ann: AGM Address by Chairman and CEO Presentation, page-56

Further news from the AGM was that FG made it clear that the future for Senetas was in the US. One of the reasons for this is now that they will be selling to US govt of defence, all sales of 1, 10, and 100gb will have to be ordered by Safenet Assured technology and manufactured in the US. Also we should note that maintenance revenue accounted for 46% of Senetas revenue and this will increase substantially as sales increase further, so the question remains as to who is going to do the maintenance for US govt. Microsoft, andSalesforce?????Not Senetas in Australia, but Senetas in US???.The current Govt in the US are not going to allow the technology to protect their computers to be manufactured overseas, so my new prediction for the future is that once revenue and the SP rises, the company will list in the US. The major shareholder who is based in New York and who currently has a representative on the board does not want to sell this company for 30-40c, but a figure of $1 US which will be easily achieved in the US, especially with Microsoft being a customer.So the fact don't lie as the sales results will achieve their aim, not making absurd announcements that happened many years ago during the tech boom., which amounted to nothing.