0708 report 7.5m sales and cashflow positive

Can MyNetFone do anything wrong? I do not think so. Wouldn't Engin & Freshtel kill for this sort of positive report!

Last traded at 14.5c, you would be crazy not to have some of these shares. There are only 53M shares on issue, current market cap is only $8M!!!! The company has no plans for any further placements as they are now operating cashflow positive from this point on.

Just look at the growth & performance of MNF.

As a shareholder of MNF, my congratulations to the directors of MyNetFone, well done guys.

Jul 08 - Revenue $7.5M / Loss $327K
Jul 08 - Reports 60,000 Paying VOIP customers
Mar 08 - Cash at bank $816K
Dec 08 - Cash at bank $852K
Sep 07 - Cash at bank $823K
Oct 07 - 40,000 Paying VOIP customers
Aug 07 - Cash at bank $1.21M
Jul 07 - Placement $1M
Jun 07 - Revenue $3.28M / Loss $3.25M
May 06 - Initial Listing

Appendix 4C for Quarter Ending June 2008 - 30th July 2008

My Net Fone Limited is pleased to announce today it achieved a successful quarter ending June 2008 with a positive net operating cash inflow of $40,000, an increase of 211% from the previous quarter. The cash receipts from customers for the year to date totaled $7.5 million representing an increase of 87% from last financial year.
Since listing in May 06, MyNetFone’s gross revenue has consistently doubled every year with healthy margins.

The excellent results achieved are due to the continuing strong growth of customer sign-ups and the usage of MyNetFone’s quality VoIP service. The successful launch
of a number of innovative products in 07/08 for both the residential and business segments has now positioned the company well to a trajectory of exponential growth
in the months ahead. The Directors of the Company are comfortable with the cash position of the company and expect the growth to continue.