Ann: Successful completion of $2.5 million placement, page-4

Pure confidence by the Non-executive directors to front up enough cash to cover the under-writing - you don't see that too often! Also handy to know that the 6% of the fee (in options) will be going to our Directors rather than some Soph whose interests aren't aligned with ours - and I'm sure they picked the investors very carefully, ensuring that they won't sell the shares for a small profit at the drop of a hat, but still, I'd rather it in the hands of those moving the company forward. The current director's are doing very well and give the impression that they want to be around for the long haul.

I guess it makes things a little easier when the placement is 5-times oversubscribed. With this in mind, I think it is another credit to management not to go out to there and create too much dilution. Sometimes companies just grab for whatever they can get their hands on, despite not necessarily needing that much for what they have planned - however with AD1 is clear that they have a strong road-map to profit.

They mentioned that the plan was formulated in the AGM last year (many here will remember, but I haven't been around that long), and it is pleasing to see a company delivering on their plans and forecasts. It shows great understanding of where they think they can go with this business.

"The funds raised will be used for the acquisition and integration of Art of Mentoring (AoM) and as
reserve for the expedited implementation of a pipeline of acquisition opportunities"

I'm excited to see what the future holds.
Good luck.