Ann: MALDIVES BORDER SECURITY PROJECT , page-8

March09 - Sorry for late reply, my day job is consuming all my time lately.

How do you you define 'reference' site. As a software implementation company, to have a site on your books is better than not having it on your books. I did not mean to imply that having Maldives as a customer was a great sales and marketing tool to entice much larger prospective customers to contract with NBS. 'Reference' site simply means a site where your software is operational and can be demonstrated that it is meeting expectations (or is fit for purpose) of customer. Nothing more or less.

My previous post to Morley is my response to your statement on the adequate return for NBS shareholders of Maldives contract. Overall, agree that it is definitely not the making of NBS.

The adequacy of the financial return of Maldives contract may now be redundant anyway. I was under the impression based on a media article dated 31 January 2011, that President has now stopped implementation with NBS threatening legal action. I could be wrong and there has been no recent announcement by NBS to this effect although as we all know NBS has been extraordinarily poor in the past concerning disclosure.

The jury is still out on NBS and still should be perceived as a high risk investment. The 'making' of NBS will be successful delivery of large quantum (hopefully) Malaysia and China contracts. I am still holding until proven otherwise on these two contracts. Given I hold at an average purchase price of 7c I am okay with my perceived risk/reward profile.

Regards