Ann: Market Update , page-2

Yet another positive update from VMT. The stores keep on being opened with another store opened in Nanjing, one in Xinjiang and another in Haikou which is the capital of Hainan Island with a population of just over 2 million people.

The initial orders in Brazil appear to be really promising. If Correios decides to go through VMT for as many if not more than 7000 electric scooters by 2017 then that'll be huge.

The progress being made in Italy also looks promising. TNT Post Italia is the first private postal operator in Italy and is one of the biggest in Europe servicing 30,000 businesses across Italy.

Hong Kong is also a nice bonus as it appears VMT have gotten a foot in the door with one the world's largest delivery and courier companies. Any deal there could have positive flow-on effects for VMT in other markets the company in question operates in.