Ann: December Quarter Results Presentation, page-18

Nothing in this presentation likely to give the share price an uptick - certainly no out-performance although a solid if unremarkable set of numbers. The decline in revenue quarter-on-quarter is of concern, and explained only in general terms. I would certainly like to see this trend change for the better in the near future, and I look forward to a contribution from IBOA when it gets going. The return of Chinese students seems like a perfect opportunity for marketing its' services, and to consolidate IBOA's financial footings. I'll continue to hold although some of my excitement about NOV has diminished although I recognize they are operating in a tough environment.