annual general meeting

One piece of information to consider is that according to the annual report ast at 30 June 2006, the no. of paying subscribers was 39,000.

In the AGM, as at 31 October 2006, the no. of paying subscribers was 49,000.00. This equates to an average increase of approximately 83 subsribers every day in the last 4 months.

In the AGM, they said they are expecting 100,000 paying subscribers by 30 June 2007. With 8 months left, the board expects to increase subscriber numbers at an average of 205 new customers per day.

As a shareholder, I hope they could achieve this. However, based on the last 4 months' activity, this is a big task.

Hopefully, the new advertisements and promotions as well as new products that Engin has will help in achieving the target. If they reach this, the SP will only move north. If not, holders will have to re-assess their postion in Engin.