This announcement from 18/5/2009 - LOLTwo years on, no profit,...

This announcement from 18/5/2009 - LOL

Two years on, no profit, and have paid an extra $40 million or so to "restructure" the contract. Oh, and now it's being referred to as a pilot project :/

"The Directors of Entertainment Media & Telecoms Corporation Limited (?ETC?) are pleased to announce that printing of the nexcode security suite enabled ID cards for the China National Gas Tank Project has commenced.
As previously outlined, ETC receives an agreed amount in US$ for every nexcode supplied. Consequently, this is an important milestone as this contract will generate USD$200M over the initial 5 year term.
In addition, ETC expects to generate AUD$20M (USD$15M) in the 2008/09 financial year from this contract.
Further, the directors of ETC are pleased to re-iterate its AUD$48M NPAT forecast for the 2008/09 financial year.
Yours Faithfully,
Peter Dykes"