Ann: Appendix 4C - quarterly , page-3

As management seem to be fairly secretive,I guuess one has to read between the lines a little..
To me, AFP seem to be still managing transition OK
achieving a small operating net profit for Qtr while
trade declined.This tight management of financial issues will be critical in gaining continued support of 3 existing
Banks as Company seeks to expand etc.

On that front,growing support of installers in Oz for AFT business model..Leasing etc..is encouraging..but not sure
how this will translate in regards to turnover/profitability.

The other point worth noting is that the Artemis Building Systems web site ..under heading of projects..shows what appears to be 3 large projects underway in China inc..Beijing Hotel,Shanghai tennis stadium, and Jingya Hotel. Could this mean the start of things for AFT.in
the Asia.???..Let us hope so..

Cheers..