THE SWISH GROUP LIMITEDQUARTERLY CASH FLOW STATEMENT TO 31 MARCH...

THE SWISH GROUP LIMITED
QUARTERLY CASH FLOW STATEMENT TO 31 MARCH 2006
The Swish Group Limited (“Swish Group” or “Company”) presents its Appendix 4C Cash
Flow Statement for the quarter ended 31 March 2006.
Net operating cash outflow for the quarter was $247,000. Total cash balances were $438,000
as at 31 March 2006. The Company’s net operating cash outflow during the quarter
continued to reflect the costs incurred by Swish Group in commercialising the Company’s two
digital media businesses: Digital Signage and Digital Video on Demand.
Digital Signage is now considered to be one of the fastest growing media in the USA, Europe
and Asia and Swish Group’s Digital Signage/Location Television network, currently
comprising more than 2,200 sites and expanding at the rate of approximately 250 sites per
month, remains Australia’s largest Digital Signage/Location Television network.
Swish Group’s digital video on demand (“DVOD”), high speed internet and digital information
services system (Internet Protocol Television - “IPTV”) has been developed for hotels,
apartment buildings, hospitals and other large multi-unit developments. The Company is
continuing to pursue a wide range of IPTV opportunities in particular in the luxury hotel and
deluxe apartment sectors.
Swish Group has established the three additional business units required to support its Digital
Signage and Digital Video on Demand Businesses: Digital Production, Advertising Sales and
Digital Equipment Supply. These divisions all continue to trade profitably and the Company is
continuing to look for further acquisition opportunities in these areas.
Yours faithfully
Cary Stynes
Managing Director