Ann: Capital raising update, page-2

The proceeds from the Private Placement and the SPP will be used to:

(i) accelerate the roll-out of Simavita’s current technologies in the US and European markets;
(ii) accelerate SIMTM Generation 5 (cloud compatible) product and SIMTM Community Care (home-based) product;
(iii) appoint distributors to roll-out SIMTM Generation 4 in Europe;
(iv) acquire and develop complimentary intellectual property; and
(v) for general working capital purposes.

Still looking for an update.


Mal