http://www.brrmedia.com/event/98801/mr-richard-sealy-managing-dir...

http://www.brrmedia.com/event/98801/mr-richard-sealy-managing-director

Highlights
The success achieved through the Thai rollout has percolated through neighbouring ASEAN countries and assisted in generating interest, specifically government interest in the ability of Kollakorn Co., Limited “Kollakorn” and Mikoh through their partnership to establish a system that could effectively track vehicles from Malaysia to Vietnam. Traction has begun in Malaysia with respect to interest in several different applications of the EVR system technology.



There are opportunities for additional application fronts in Thailand including new vehicle categories for mandatory tagging regulation. It was expressed by Richard Sealy that in his personal opinion, in 12 months the policies regarding compulsory tagging will have been expanded in include all vehicles in Thailand.



There has been strong interest in participation in the current $1.5 million placement, with Mikoh confident it will be filled given the current market.



As of 30 June 2012, Mikoh’s shareholding in Kollakorn will increase to 28.7%. This is an important factor in terms of the growth of Mikoh, not just the financial benefits of being a significant shareholder of Kollakorn but also strengthening the relationship with Kollakorn in the provision of future development opportunities for Mikoh. Should Mikoh continue funding Kollakorn through the $5 million convertible note facility until completion, Mikoh will further increase its ownership in Kollakorn of up to an approximate holding of 40%.

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