why lumacom, page-35

re: revenue???? ERG was overcommitted; struck trouble with Melbourne and the JV didn't mean too much either.

Also, too many people were getting on buses without paying and vandalism was anotherr factor.

I did very well with ERG prior to its shares being degraded.

Strictly speaking, ERG and LUM cannot be compared for those reasons: LUM is in a totally different business; revenue starts with delivery of their excellent product.

Also, LUM has very powerful partners and they do mean businesss, particularly Totius.

They do the preparatory work before LUM even arrives at the scene.

And as far as hyping is concerned, talking about facts is quite alright with me.

Gerry