answer to my email

This sho Richard Wolanski
Date: 08/19/05 19:01:34
To: [email protected]
Subject: Neptune Marine Services Ltd


Bill



I refer to your emails dated 2nd and 11th August. I apologise for the late reply. I am committed to responding to shareholders queries within the limits of the requirements of the Corporations Act and ASX Listing Rules but we do receive a number of calls and queries and it is difficult to find the time to respond in a timely fashion.



The Sharescene post is rather insightful and captures a lot of the concepts that Neptune has been trying to get across to shareholders. Our approach to the market through the direct marketing which established the technology in Australia in the last year, has evolved into a relationship based move into multiple markets from which Neptune plans to generate multiple revenue stream to provide the basis of Asian market penetration and significant revenue growth.



Neptune hopes that shareholders see that this approach is vital to global commercialisation of the technology and growth of revenues. Establishment of revenue streams from countries where Neptune can leverage from relationships with established participants in these markets enables resources to be spread effectively.



As a result of the interest and potential that Neptune has seen from the Asian market, Neptune has focused it’s resources in this area. While our relationships still exist in the northern hemisphere, at our current size, our resources simply do not allow us to provide the same focus in these markets including Denmark. While opportunity and business development still exists in these markets, the completion of the Asian Co-operation Agreement has taken precedence over individual country roll outs. Neptune is simply prioritising its opportunities.



It is important to note that Neptune views the successful creation of multiple revenue streams in Asia will only improve the value of the technology in other markets such as the northern hemisphere. The idea is for Neptune to be able to negotiate from a stronger position at a time when it proven it’s international business model thereby generating improved returns when time and financial strength allow entry into these markets through licensing, co-operative or other means.



I hope this more fully explains the concepts presented in our last announcement. For the record, I do not believe that Neptune has been ‘dishonest’ as you put it, in regards to our strategy. Neptune has established a track record of regular shareholder updates and the open provision of information through quarterly market updates. Neptune will continue this approach acknowledging the strong support received from shareholder’s to date.



Regards

Richard Wolanski
Chief Executive Officer

Neptune
uld cheer all holders up