Ann: Zoono Group Company Update, page-57

It is even worse when you consider that revenue for the 2020 calendar year will be around $60-65m. We need Q2 to show decent growth on Q1 to restore some confidence with investors. The minimum average of $6m per quarter ($23m p/a) for the two new contracts should start to show up in Q3, but we need to see whether the minimum order numbers are actually going to be achieved. I sensed that PH was confident at the AGM of imminent revenue growth and perhaps he had this update in mind when he alluded to that. Agree with Happ that the exclusive Russian contract reeks of desperation and I wished that PH had taken up his offer to present his proposal for that potentially large market, the size of which is not reflected in this particular contract. Love the Middle East deal and I'm confident the minimum numbers will be achieved.