Ann: Chairman and CEO Address to Shareholders, page-6

The New Year promises to be pivotal in Corum's future. From the Chairman's AGM address I want to comment on the following points made.

"Transform the business so it is profitable on the projected revenue base".

Even with declining revenues Corum has been operationally profitable. One off expenses and new product development costs have however eaten into cash reserves which are down from $12m to $8m. There has a lot been already done to improve efficiencies throughout the business. Half yearly report will soon tell us how well the transformation is going.

"Position the business to take advantage of emerging opportunities in the health care sector".

This offers the potential for Corum to become a major player in the E-health revolution and drive massive growth. There will be need for innovation from Corum's software developers to gain a strong presence and recognition as a leading player.

"Actively pursue merger and consolidation opportunities"

There is an obvious need for consolidation in the pharmacy software as a service space. One way or the other it will happen this financial year. This can only be a positive for shareholders.