Ann: Market Update, page-5

While I am not a massive fan of comparing quarter on corresponding quarter for such a new business (ie. working off a low base to start with), it is showing decent growth and possibly march could exceed those months combined. Very much liked this statement though:

"The number of camera units rented is increasing at a faster rate than direct camera unit sales with 59 new rental units deployed in January and February alone. Rental systems generate strong monthly recurring revenues over the rental life of a product in comparison to an outright sale. Rental systems provide the Company with greater returns on investment and higher gross margins. The Company is actively targeting increasing the volume of rentals because of these factors."

This is where I really see there business making money and the demand in this area woudl be huge for so many reasons... eg.. short term construction projects and major events... nothing like being able to put a device anywhere and not having to worry about cabling (eg. network/fibre/coas connections and power).

Changing my sentiment to hold until I see the quarterly... really think march could be a kicker... and then would be interested to see cash burn. I am expecting around similar cash burn to last qtr as they will not get an R&D incentive of 200k, but hoping receipts may be slightly higher and production costs down.

Admin and staff costs stil seem high so will see how we go. Haven't sold a share/oppie yet so hope it does well