Ann: Progress Update, page-2

9 April 2018: ASX/Media Release (ASX: KNM)
Progress Update
• US marketing continues to build out a deep sales pipeline
• Funding strategies being implemented to mitigate against delays in US roll-out
• Philippines Joint Venture now activating with sales set to commence in the June quarter
• First trials in Singapore underway with sales to commence in the June quarter
• Two Australian Special Needs facilities converted to sales with five additional trials underway
• UK operations to be established to service the UK and European market opportunity
Online education publisher KNeoMedia Limited (“KNeoMedia” or the “Company”) (ASX: KNM) is pleased to provide
this update to shareholders on operational progress in the United States, Asia, Australia and now the United Kingdom.
United States
KNeoMedia’s United States team is making strong progress broadening funding channels, progressing school trials, and
shifting the sales process from a purely school-by-school model to include a State-based sales approach. The compilation
of academic White Papers is advancing, with the timing of publishing determined by the respective universities.
While the booking of additional seat license salesin NYC has been temporarily delayed due to a constraint in department
approvals, the Company is most encouraged by the progress and inbound enquiries for KNeoWorld across NYC and
other states. The US market is the core focus for the Company, and KNM will provide a more detailed update later this
month.
Much effort is being made to ensure that funding options can be put in place to ensure that future government budget
allocation, together with alternative funding sources, will be made available to the schools of District 75 New York City,
and ultimately other school Districts in other US States, to enable them to complete the purchases of seat licences.
Philippines
KNeoMedia has reached agreement with its Philippines partner to roll out KNeoWorld Special Needs content to public
schools there. A Joint Venture company has now been established and details of the local board composition and team
will be reported very soon. First Seat Licence sales, at USD$50.00 per licence, are anticipated during the June quarter.
The Company has previously outlined the potential for the Philippines to build into a major market opportunity given
the large population of Special Needs students and its education programs aligned to the US education system which
the Company is operating.
Singapore
KNeoWorld recently commenced trials in Singapore which has generated interest from other Special Needs schools
there. The Company anticipates the first conversion to sales in the current quarter and views the Singapore market as
an entry to other regional locations.
Australia
The trials at five Special Needs schools in Australia (three in Victoria and two in Queensland) are now well advanced
with the two Victorian schools having now converted to sales. Further trials are due to commence at the start of the
new school term. KNM is confident of securing sales from all of these schools given the near 100% success rate of
converting trials-to-sales. Sales activity across Australia is now ramping up. Pricing is set at A$50.00 per seat licence.

pipeline, trials, roll-out... blah, blah, blah.

Oh, and a brand new excuse for lack of sales in NYC.