Difficult to judge what the market reaction will be to today's...

Difficult to judge what the market reaction will be to today's release however some comments below:

1) Market update in January advised loss from discontinued operations would be $8.8 million. It appears from today's release the loss is only $6.3 million which is encouraging.

2) The revenue reported in today's release appears incorrect. Page one states total revenue from all operations was $123.5 million whereas the sum of continued and discontinued operations per page 13 is $127.6 million. I have requested clarification on this point.

3) No update provided on the status of the litigation over the two contracts totalling $5 million in dispute. Have requested an update on this.

4) Work on hand as at 31 December 2009 of $177 million. A slight decrease from a couple of months prior. Hopefully it means projects completed.

5) It was disappointing to see STS are still doing some projects for the discontinued operations. The sooner these are completed the better.