transaction volumes up, page-7

Hi Helium2 on my model I have gross revenue for 08/09 of about 85 mill (assumption of same trans volumes as last year - increases to be offset by fall on intro of d/c) with slight increase in gross revenue on the last year to take into account higher fees ($2 per trans rather than $1) for 4 months following 3 March, but I have EBITDA of 24 mill. On your assumptions you have 37 mill. Thats a big difference. I have kept the operating expense items fairly static (or slightly lower for some on costs cutting etc). I would be interested to know where you see big savings in the operating expenses or are you assuming gross revenue to be a lot larger?