now this is getting a little silly..., page-4

Hi again,

Below from MD's review in 2013 Annual report:

Management continued to pursue all the projects with considerable vigour. The EVR project in Thailand continued to be limited to passenger vans but the base of those passenger vans expanded. No further categories of vehicles were added to the system this year which still continues to manage speed and accidents in the passenger van category. This has proven its worth as a speed deterrent and it is still management’s view that the system will be expanded considerably.

Management also started to develop alternative channels to markets and started to build a pipeline of additional opportunities and as can be seen from recent shareholder updates some of these are now coming to fruition. The market for RFID has changed considerably, where Kollakorn was once a lone voice advocating the benefits of RFID more and more people have realised the benefits that can be achieved through the implementation of RFID in applications. Along with this realisation has been a significant increase in competition for Kollakorn and therefore commercial sensitivity requires the Directors to be more circumspect about announcing progress on projects.

Shareholders can however be assured that progress is being made on realising the pipeline of projects in Thailand and elsewhere.

Richard Sealy
Managing Director

The bits I am particularly interested in are:

"considerable vigour" "pipeline of additional opportunities" "progress is being made on realising the pipeline of projects in Thailand and elsewhere"

However diddly-squat and, along with fairly uninspiring Half Yearly, the collapse of the share price - can't be too many cookies left in the cookie-jar even with minimal cash burn.

Any info would be greatly appreciated from wherever it comes!

Thanks,

richmez