Ann: Quarterly Activities/Appendix 4C Cash Flow Report, page-2

MUCH better quarter

GP margins went from 27% to 45%.

Staff and office costs fell 9%

5400 rooms are now generating revenue at much higher GP margins from Swift Access, with another 1600 yet to be deployed in the financial year, which points to pretty healthy 2nd 1/2 of operating income.

Cash still dropping, from. $1.9 to $1.6 but that seems to be from R&D ($300k).

Looks like we are into clear air, FINALLY!

2nd half should deliver a full year positive NPAT. That’s a first!

Still to be done:
Win some new Swift Access and Swift Broadcast contracts to get annualised revenue growing 15%+
Keep costs down AS MUCH AS POSSIBLE
Repay more debt…
Get out there and tell the story to investors…PLEASE!