latest ann, page-2

I thought the recent company update was very encouraging.

- Mgmt a/cs for dgm and Empowered to 31 October show 20% ytd growth in operating EBITDA compared to last year.
- FY EBITDA projected to be up to 50% higher than last year at up to $1.75m vs $1.16m last year.
- Proposed merger transaction looks like it will go ahead, with lawyers currently drafting documents for shareholder vote in late Jan/ early Feb
- If merger goes ahead (which it will when the largest shareholder Co-Investor has nearly 80% of the shares and wants it to go ahead!) this will materially transfer the company from a Australia-only digital media company to an Asian-wide digital advertising powerhouse with at least five established and growing companies.

I can't think of too many companies that you can invest in that will give you exposure to the growing digital advertising and e-commerce in Asia-Pacific?