Ann: Cellmid Capital Raising-CDY.AX, page-14

I think CDY's distribution partnership with Colour Collective in the USA is a sound start. CC has a very good track record and some big brand names behind it. Evolis has the potential to become a category leader and a $100 million brand in the USA. They will be marketing their product via e commerce and sampling channels, home shopping networks and high end retail. I am confident that the cash raise will be worth it in the long haul.