Ann: Business Update, page-3

Hey Ricky

Yes, I'm still in it and have taken the opportunity to increase my exposure a couple of times with the recent sell down. It amazes me that with those announcements the SP is still under pressure, I guess that goes hand in hand with an illiquid stock.

My personal thoughts on the announcements are that all is tracking well. It does seem that school sign ups have slowed, however I think with indicated increase in messages and add on programes to existing customers, things look good for the future. I would like to see a more rapid roll out of 'payschool' though.