Ann: Corporate Update-IGS.AX, page-8

I don't think it is to hard to guess who arranged this.

The Board has yet to receive the initial $800,000 advance from the financier, and now has major concerns over whether any funds will be advanced. The Company and its advisors are making continual efforts to seek payment of the funds as contemplated. Clearly, the fact these funds and other financing initiatives have not been received or concluded have placed significant financial and operational burden on the Company.