Ann: PET Board Changes, page-9

Hi all

some great recent posts, with the new management changes apart from strengthening our partnership it also add more experience in the china market. Although "old" management know phoslock inside out they are on a learning curve with the work in china so the add experience in that market is great. The other benefit is china might not take up as much time for Rob , it was recently said the rest of the world had been under funded, Rob might be able to start driving this part of the business, bedding down taking over Europe and building on the potential in the Canada market. As well as expanding the business to regions currently not covered and setting up new licenses. So the benefit might not just be to the china business but the move could be seen as a positive to the rest of the business.

on the change to the fy , newing has been calling for this for some time, I like this as now the old forecast is now out, although I,m sure we will all see how close we get later, the question will now be when the company puts out next year forecast, one would expect this to be out by February? This might just give us a bit more insight into how the business is growing and how much of the $100m pipeline in china is progressing. . If we are expecting to do approx $20m in the first half, I would want to see a new forecast somewhere in the region of $40m.

next couple of months should be intresting, expecting to see more news on china contracts, the bigger contracts coming out of the rest of the world should have more news on, development on patent and new forecast. Lots to look farward to

thanks

mickem