re: lum starting to deliver *what we know* update What we know...

re: lum starting to deliver *what we know* update What we know is; 2 LumaSigns for Istanbul, one LumaSign for US are being manufactured, Pepsi sign has been tested for 2 weeks and will go live any time from now. The Company continues to work with its partners in relation to several sites in Russia for which general electronic sign approvals are held. Discussions with advertisers with respect to the first side are progressing to current expectations and are anticipated to be finalized well in advance of the installation of the sign, allowing revenues to coincide as close as possible to commissioning. By saying "well in advance of the installation of the sign" Lumacom is certainly taking extra care of the TIME FRAME. The current quarter therefore will be a busy time for the Company, with all technical and product resources concentrating on the manufacture and installation of the signs in New York and Istanbul, and marketing resources continuing to identify new opportunities as well as conclude current European negotiations. Three signs for Scandinavia are very close to finalization.
The current quarter therefore will be a busy time for the Company.
MR Ingram was buying at 295, Piano sold 2.3M shares and pocketed about 800K. Piano is still holding 5M.

Update

Kiska has today formally advised both an increase in size (an additional 100sqm) of the order for the Marmara Hotel and the order of a further LumaPanel for installation on a second hotel in Istanbul.
The signs to be installed atop the Marmara Hotel will now comprise two LumaPanel signs, each of 180 square meters, thus in total encompassing a greater sign area than one side of the signs for 4 Times Square in New York. A further instalment of the purchase price of the signs has been received reflecting the increase in the size and value of this order. This project has proceeded to manufacture.

Kiska has also ordered a smaller LumaPanel sign for another hotel in Istanbul which is 36 square meters in size (this sign is approximately half the size of the BGC sign installed in Perth). This sign is currently planned as the corporate branding building signage for that hotel, and as such an outright sale has been agreed for this sign. A substantial deposit has been received prior to the commencement of manufacturing. The sign is currently being scheduled for manufacture, and is also expected to be installed in the September quarter.