Ann: Trading Update and Appendix 4C , page-2

Well the quarterly seems fine with a little information provided from the company. I was surprised by how subdued the wording was however as this is not in keeping with previous announcements by this company. Maybe some reason for this that is not immediately clear.

It seems that in addition to no mention of the Navteq deal in the quarterly the page for this service has been removed from the current version of the Webfirm website too (please correct me if I'm wrong). I note this because it really annoys me when companies do this kind of thing without any disclosure to the shareholders. They mentioned this deal many times in the past and even indicated deals were almost signed. Perhaps there will be some information in the annual report but if not I'm not gonna be impressed.

I am impressed however by the apparent ability to run this stock up to 12 cents with little resistance from sellers. Looks like it's pretty tightly held so who knows where it could end up if by some chance profitability is achieved and a steady flow of solid news is provided over the medium term. First step is justifying a 50 million market cap, which in the current market is not an easy task. I'd be interested to know who's doing the buying at these levels.

Happy trading.