Hi Pat, our project roll-out, including the release and...

Hi Pat, our project roll-out, including the release and consequent announcement of our major profiled product, is being coordinated to as urgent a timetable as is practical given all of the various promotional elements and development requirements.

For those who are frustrated by impatience it should be understood that these project developments and indeed the whole development process from Mooter's involvement is 9 months long. As I said in my recent Chairman's Address, Zynga (now a $5 Billion company and starting with a US$30 million investment) was unheard of for its first 18 months - even more so with Facebook and another 5 or more highly successful companies I could name that are in the same general space. Our own director, Professor Paul Fullwood's, extremely successful company (debuted on Nasdaq at US$650 million) was unheard of and unheralded in its first 2 years. As I have said to a number of people it is little like asking a company like Samfire why they are not producing gold already.

I have significant difficulty in accepting your proposition..."No shareholder has any idea what MMZ are up to and how they propose to generate any revenue in the short to medium term". With respect, I am not sure how you make that comment on behalf of all shareholders. If we have failed to fully or adequately describe how the company intends or plans to generate revenue then I will take that on the chin. If that is indeed the case, we will look at putting out a specific shareholder memorandum detailing that particular scenario. Also happy to discuss that aspect on the phone with you.

Cheers
Peter jermyn

On 02/12/2010, at 9:43 PM, PS wrote


Peter,

As a long time investor in MMZ, it is quite annoying that during the Melbourne road show this year, it was mentioned that the announcement of this so called mystery box would be released mid year. It is now 3rd December 2010 and yet this announcement alludes all investors.

No shareholder has any idea what MMZ are up to and how they propose to generate any revenue in the short to medium term.

It is paramount that you take the time and courtesy to respond to my email.


Thanks in advance.

PS