operations report

13th July 2007
Company Announcement


OPERATIONS REPORT JULY 2007

Medic Vision (MVH) is a global supplier of consulting services, simulation software and hardware for medical and surgical skills training.

The Board is very pleased with the Company’s overall performance in 2006/2007, which has been a period of major growth in the UK and Chinese markets as well as commenced entry into new markets such as India and Russia. The Company has expanded into these regions and also introduced a number of new products to broaden the offering.

In the last few months the company has made the following announcements:

- 05/04/2007 Board changes & proposed company name change;
- 17/04/2007 Medic Vision receives orders in excess of A$1m in March;
- 22/05/2007 Medic Vision consults on two Medical Skills Training Centres

The Board is confident of strong sales for Medic Vision products in the UK, Australia, China and Asia Pacific in 2007 calendar year.

Ross Horley, the Managing Director, has just returned from India where meetings were held with all the major private hospital operators to identify appropriate partners and locations for deployment. There are significant negotiations underway with these hospital groups as a result of the meetings. An announcement in relation to the outcome of these discussions is imminent. India has 262 medical colleges, which is the highest number of medical colleges for any nation in the world and has an annual student intake of 29,172.

Mr Frank Cannavo, Executive Director, has further met with potential partners in Russia in order to expand into that region. These negotiations are progressing well. Russia is expanding its health system exponentially in line with its prediction of trebling GDP in 12 years.

Medic Vision is continuing to expand in a growing market for medical and surgical education. The Company has now commenced offering a total end to end service in the design and management of the skills training centres to augment the current business of consulting and providing simulation products.

Currently, Medic Vision has live quotes outstanding in excess of AUD $17,000,000.00.


On behalf of the Board

Ross Horley
Executive Director
Medic Vision Limited