Ann: Appendix 4C - quarterly, page-30

Im pretty happy with whats happening. Indo has gone through and now we are looking at picking up a project sales business. Management is slowly putting together the pieces to create a fully integrated real estate business with added off shoots like mortgage broking and insurance. A decent sized project sales business could be a real bonus too for IBN. Beyond that point a bricks and mortar operation could be on
the cards. Management is doing a great job here, irrespective of what the market is doing.