dr lee j finniear... now/next/after next

CEO Bulletin March 2007..makes one wonder how they set their strategy before they release it to market.

"July 1 2008 to June 30 2010 Rapidly expand product sales, move additional
weapons systems to commercialisation, significantly improve revenue and net income."

Time is short closing in on June 30th 2010

Are you there Lee???

FUTURE STRATEGY
I am adopting a strategic framework within which Metal Storm will plan its future. It is simply called
NOW NEXT AFTER NEXT, and defines the next three phases of the life of the Company:

NOW up to June 30 2007 Meet the performance and financial requirements of the
agreement with the Convertible Note Holders

NEXT July 1 2007 to June 30 2008 commercialise 3GL and RedbackTM systems for delivery.
Make first volume product sales and substantially increase the scale of US Government
contract business

AFTER NEXT July 1 2008 to June 30 2010 Rapidly expand product sales, move additional
weapons systems to commercialisation, significantly improve revenue and net income.

Right now I am focusing the entire energy of the Company on NOW meeting the performance and
financial requirements of the convertible note holders. This will secure the Company, help protect the
investment our existing shareholders, and move our technology a significant step toward
commercialization through the RedbackTM and 3GL Development Programs.
I am also commencing a process to plan the NEXT phase of our strategy, so that after 30 June, 2007
we have a clear, well researched path forward to complete product commercialisation and achieve
volume sales.
In the past 2 weeks I have been very pleased to find that a dedicated team of hard working, creative
and diligent professionals resides at Metal Storm. As an engineer myself I know when I have a good
engineering team in place, and I have every confidence that we have the people on board that we
need to deliver.
In closing, Metal Storm is in the midst of a challenging and exciting period. Its time for the rubber to
hit the road. Years of research are finally being funnelled in to the development of weapon systems
that can go into production. During my tenure I will keep our focus on increasing shareholder value
through the refinement and commercialisation of the technology breakthroughs that the Company has
invested so heavily to achieve.

Dr Lee J Finniear
Chief Executive Officer
Metal Storm Limit