something else before the agm

Business on solid upward trend during FY2009

• $1.9 million cash in bank and NO DEBT at 30 June 2009

• Sales pipeline and channels improving every month heading into FY2010. Operating costs continue to be contained.

• Business expected to be cash flow positive in FY2010 and deliver maiden EBITDA profit

• Continued customer acquisition and continued low levels customer churn are key business drivers

• Fixed Cost base and annuity revenue stream make the key financial business gauge the Monthly Recurring Revenue Charge (MRC).

• The MRC continues to grow each month (next slide)
FINANCIAL Endorsed by the Federal and Western Australian Governments

• $1.8 million dollar grant to build satellite wireless network awarded in November 2007 to NewSat

•Network built on time/on budget and runs through remote Kimberley Region in WA

•Provides coverage at locations within 16 communities in the region (ie Broome,Derby, Fitzroy Crossing, etc.)

• Most of the 16 communities previously had no broadband access

• People and Government Agencies within the communities can now access online banking, educational training, internet, email, VoIP and Video using the NewSat infrastructure

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• NBN “Test Case” for NewSat satellite infrastructure in remote communities
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One more test to go..

TG