Ann: Appendix 4C - quarterly , page-8

The highlight for me for this quarter was the acceleration of the USA Hygiene Products Company.

Do you know that the number of nappies used every year is 90 Billion! This is a massive market, and by the looks of it appears to be a key area Cardia are targeting. Cardia may very well be progressing very well behind the scenes in getting a very good slice of this business. Sure, it may take a while to change these big companies in their packaging especially if there's no government push but now that they have a foot in the door with a large player they can significantly grow and they are. Overall good to see Cardia focusing on accelerating this side of their business.

Tony