QTK have to identify and detail who the SA partner is and the...

QTK have to identify and detail who the SA partner is and the financial set up of the said deal.

QTK stated in the FY accounts they expect for this deal to be generate "significant revenues and positive net operating cash flows" to commence shortly from South Africa.

They also fleshed out a little more on the Banking and Finance sector solution which they expect to rollout this year.

I believe this to be security for ATM machines as touted previously by QTK but look forward to its implementation.

Of greater interest in the short term is South Africa.

One issue i have with the FY accounts which sits awkwardly is QTK through its own accounts have flagged in some ways the costs involved with SA and this does raise some concern for me as it has detailed to the party in SA roughly some costs.

The $1.374m which was to remain under the ownership of QTK and was treated as plant,machinery and equipment has now been moved to inventory awaiting sale as at June 30.

One would hope as this document is historical and deals with matters up and until June 30th.....documentation etc from the Licensee in South Africa was completed in this quarter and will have no bearing on the licensee deal.

In short South Africa revenues need to be seen and the Australian Operations are expected to be ramped up.

Talk of others areas is now a moot point,QTK themselves have flagged SA as key.......and it is key to QTK moving forward.

I look forward to its exposure to the market.