***2nd quarterly out before end of week***, page-9

Hi Billy,

As I understand it ETC will be releasing the C4 which is simply a report of Revenue/Payments which shows Cashflow for the last quarter (same format as the 19/10/04 announcement). This WILL be released by the end of the week according to the company.

The Half Yearly Accounts on the other hand, are due to be released Mid Feb once again according to the company.

I'm expecting 2nd quarter results to continue on from the fantastic 1st quarter and to impress a few people.

Hope that helps.