Ann: Appendix 4C - March Quarter Report-BUD.AX, page-27

Management has said all along not to expect much in the way of revenue or profit right away. So why were you thinking any different? Their highest paying customer (I assume) is noveda and they only just came online. So revenue is will be going up, that's what really matters. If it takes three years for the company to make a profit I think that's pretty good. Again, we have been told this all along. If you had other expectations that is your fault for poor research.