Lets get back ontrack…. We heard from the recent Podcast some...

Lets get back ontrack….


We heard from the recent Podcast some excellent and encouraging info.


Significant growth in cash receipts

• We’re seeing, this quarter, some significant growth in our actual cash receipts, and our revenue
  
• We would expect to be cash flow positive later in this year

Significant growth and engagement in new practices and licensees

• We are engaging and appointing new practices as clients, literally, every week

• We have seen a significant increase in the number of processes and the number of statements of advice, the number of new practices that we have signed on, and the number of licensees that we are engaging in. All of those are growing at a rate ahead of our business plan

• The rate of growth this quarter, we'll expect to be able to report, is greater than the rate of growth we've had over the last two quarters

• During the recent weeks, one of Australia's largest financial institutions started approving their practices to start using IAMs services. The top two of the practices within this institution have started sending work to IAM. They are both significantly bigger then PCs firm with 30-40 advisors in them

• Continuing to develop and upskill existing employees

• Opened an office in Sydney

ETA for the Portal

• Working to have Portal operational “before the end of July”

News due soon

• Will have an ANNouncement shortly on another senior appointment, who will be responsible for meeting with clients, and doing the face-to-face engagement and rollout implementation of our services in those practices.

Lots of great news and information has been provided to us, and more tangible news via ASX to come soon.

GLTAH