Ann: Continued Momentum for World Phone Downloads and Revenue, page-201

Norwood is continuing its progress in developing product features and enhancements to World Phone, including free App-to-App calling. On 22 December last year the Company also announced a development in its e-commerce framework, switching from minutes-based consumption for World Phone to a credit-based consumption approach, called World Credit. The Company’s services will also be priced per calling location and destination rather than using a fixed global rate. Norwood will bring payments partners on board to support direct credit card payments, as well as new noncredit card payments and remittances platforms to serve customers without bank accounts in developing markets. The Company’s World Credit platform, global dynamic pricing and new payment partners, will help Norwood improve its margins and market reach. Back-end engineering effort to implement World Credit has now begun, and these initiatives will be rolled out for all of Norwood’s consumer Apps* through Q1 2016.

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"we are working very hard – through the break – on an amazing product pipeline and an equally amazing array of customer and partner opportunities before us. We are looking forward to 2016 with great anticipation"