Ann: Shareholder Newsletter, page-2

"NASDAQ Listing - One of the immediate results from Alexium achieving cash neutrality is that it will open up investment in Alexium to a much wider range of institutional investors, both in Australia and in the US. One of the recurring themes as we promote Alexium to institutions in the US is that a US-based listing is critical for those institutions to convert their interest in us into active investment which is what makes listing on the NASDAQ exchange a key priority for us. Nick Clark continues to spearhead that effort with Alexium configuring it’s application and financials for filing as a routine part of the listing process. Listing on the NASDAQ is expected mid-year."