Ann: Appendix 4C - quarterly-ISX.AX, page-32

The two things that I like about ISX are: 1. its not just the initial KYC work we get paid for. We get trailing commission for every consumer that comes back and does a transaction. This may be cents in comparison with the $ for the initial KYC work but as everyone knows cents make dollars. So a customer who has 1000s of consumers all doing multiple payments into the future creates ongoing base revenue. And 2. This is low cost base work. Its all automated so the amount of expensive human endevour after initial customer integration is minimal.