Ann: IWG Investor Presentation - Apr 2016-IWG.AX, page-16

It seems to me that the IWG strategy isn't focused on NOW income. They have established a recurring income model and are putting energy into getting as many irons in the fire as they can. They appear to be happy to forego income to build exposure and get their products into as many arenas as they can. I believe there will come a time when they begin to announce regular new partnerships because they have so many opportunities in the pipeline.

Once they have established themselves then the small recurring monthly income will compound rapidly. I like the strategy, notwithstanding it is hard on the SP because people are impatient. FUTURE income can be exponential. We will find out in due course.

IWG has been adding new members to the team with specialist skill sets and it is reasonable to believe they are all working in their special areas to build a strong base to finally launch IWG on a large scale when it can provide the necessary support that goes with selling product of any kind. They are working from the ground up and that is a good thing IMO. Some of us are patient because we do believe this has great potential, even though the naysayers have a case until they are proved wrong. The SP is certainly in their favour at the moment but things can change quickly.

Hoping for a financial update before April 30 including TLS revenue.