'penny dreadful' to watch - afr

MXL - 1 to watch

10 'penny dreadfuls' to watch
Author: Matthew McAdam
Date: 16/03/2005
Words: 1250
Source: AFR
Publication: Australian Financial Review
Section: Smart Investor
Page: 29

"..... Damien Klassen, head of retail equities at independent equities research firm Aegis, says education software maker MXL,....are among his team's top picks for 2005.
Sydney-based MXL is helping private education providers, including Bond University and Education Queensland, meet the new reporting requirements introduced by the federal government at the beginning of the year with its web-based student administration package called eMinerva.
The product was certified by the New Zealand Ministry of Education last month, which has paved the way for eMinerva to be tendered to the country's 2400 schools, a deal the company estimates could be worth about $30 million in licence fees over the next three years.
Aegis Equities technology analyst Rodney Lay says the need to comply with the legislation could underpin further sales of MXL's product suite this year..."