Customers of TNT

With customers like these, I can't understand why the market cap is only 20 million.

http://tesserent.com/customers/

"Tesserent works with a loyal and growing customer base across all sectors in the Asia Pacific region. Tesserent’s blue-chip clients include: BMW, Toyota, Maxitrans, Nintendo, The Good Guys, OfficeMax, Melbourne Business School, MLC, The City of Boroondara and The City of Gleneira."

If it can get customers like BMW and Nintendo before it is listed on the ASX - any management / sales team with an extra $7 million to grow the business should do well.