CHAIRMAN’S STATEMENT2A year of consolidation and integration of...

CHAIRMAN’S STATEMENT
2
A year of consolidation and integration of our 3 business units has given me a great deal of optimism for strong growth and profitability in 2006.
Airworks is maturing by the month and has secured a number of blue chip customers and is in a high growth
space.
Whilst it has consumed significant cash, our NewSat business is poised to deliver on our original expectations.
Especially now that our seeding of the Middle East/Africa region is bearing fruit and the Australasian market place is taking up the satellite option with more vigour.
MTD continues to strive to improve its range of products and margins in a competitive market environment.
The Company’s decision to continue to grow via issue of capital as opposed to bank debt is still favoured and I
expect the capital raising associated with the acquisition of New Skies Networks Pty Limited will be our last. I envisage that in the near future we will be in a position to undertake a capital restructure to significantly reduce the number of shares on issue. The acquisition of New Skies Networks Pty Limited is a critical one in our
development and maturation as a company and I believe it will be a turning point in our company’s future.
We have completed our building phase and I look forward to a year of profitable operations. Thank you for your
confidence and support.
Kind regards
JOHN WALKER
Chairman
30 September 2005


Capital restructure to significantly reduce the number of share - I'm guessing 1 for 100