more to come soon ??

Buyer depth slowly increasing, has been grossly oversold. They expect to complete the acquisition in September 2004, after which Oriel will be entitled to receive 40% of the profits.


"The proposed acquisition of the Chinese billing company is a major boost to the BilltoBill’s penetration of the Chinese billing and payment market. Due diligence activities are continuing and Oriel expects to complete the acquisition in September, after which Oriel will be entitled to receive 40% of the profits as wells as a direct revenue flow from this company’s current and potential clients as they use the BilltoBill technology.

The current owners of the Chinese billing company will remain actively involved in the business and will aggressively market the company in China
over the next 18 months.

Oriel has established an office in Shanghai from which it will manage the growth of the BilltoBill business in that country. The BilltoBill business continues to integrate with both Western and Chinese merchant companies
and pursue new contracts to use the BilltoBill technology in China. Revenues from initial merchant client’s transactions are flowing into the business on a regular basis."


Sector Report from Aegis released recently.
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"Another sector that we have monitored is the Information Technology sector, in particular the Software and Services sub sector. This is our feature chart this week, as we want readers to see the recent break of resistance. After the consolidation phase of the last 10 months it is encouraging to see the resumption of the uptrend that began in March last year."



Looking forward to a possible breakout.


Cheers,
Ace.