cash receipts up 253%, page-18

Impressive broker presentation just held. lots happening with Nearmap. Going to expand its business model beyond spatial by being data focussed to satisfy customers specific needs. Apparently also in coming months they will be introducing a new type of access product apart from annual subscription.

The market seems to like it. Its now really a new business and they have may one hell of a good start. Simon Crowther appears to have the right focus and if Australia alone can provide a profitable business then the international expansion could potentially turn Nearmap into something very significant.

Ross Norgard has a very large holding and this is now shaping into a very substantial asset for him. He will want that to continue - and so will I lol.