A manufacturing debt facility is also being negotiated and is anticipated to be in place on
receipt of any forthcoming significant purchase order out of the USA or Australia.
CIO has focused R&D expenditure on developing their Software as a Service (“SaaS”) platform
which will enable multiple sales via existing channels creating recurring monthly and annual
revenues. Profit margins will also increase via product sales with SaaS included by over a
multiple of 2.
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- Ann: Quarterly Report and Appendix 4C
Ann: Quarterly Report and Appendix 4C, page-15
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