profit, page-4

re: profit's keep on comming ________Revenue____Oper. Cash Flow
July '04 - $363,000______$21,000
Aug '04 - $305,000_____-$113,000
Sep '04 - $335,000______$30,000
Oct '04 - $474,000_____-$95,000
Nov '04 - $514,000_____-$20,000
Dec '04 - $361,000_____-$607,000
Jan '05 - $576,000______$105,000
Feb '05 - $438,000_____-$171,000
Mar '05 - $565,000______$156,000
Apr '05 - $840,000______$141,000

Notes: Oct '04 $212,000 raised and overdraft expensed, Nov '04 raised, Dec '04 $1.41 mill raised and loan partly expensed.

Nice growth in revenue for so far, at the current rate they may get to around -$100,000 in Net Oper. Cash Flow for the full year. At current rates the expected Net Profit of $700,000 will be exceeded.

One thing that I have noticed that has not come about is tha sale of the Automated Tank Cleaning operation that they said would be sold of before the end of 2004, they may have it working profitably now.

Company seems well on the road to recovery, managemant has done a great job of reigning in costs and increasing margins. Now all that is needed is the go ahead for the upgrading of the facility at Port Headland wich would result in a major increase in revenue.

So I guess you need to ask yourself, why has the stock price been falling?? is it inseders selling??

regards.