Ann: Trading Update and Appointment to Board of D, page-2

re: Ann: Trading Update and Appointment to Bo... Sydney - Wednesday - January 14: (RWE Aust Business News) -
IT&e (ASX:ITE) says significant improvements have taken place in the
company resulting in both a move to profitability and the strengthening
of the balance sheet through cash generation.
As of 31st December 2008, cash and cash deposits at bank were in
excess of $2.0m.
As reported at the Annual General Meeting, following the
appointment of Andrew Wood as CEO in September, reorganisation of the
company's management team and the implementation of a global structure
for client operations, have resulted in improvements to client margins
and the lowering of the cost base.