iBuy under pressure, board orders US$216K monthly opex cut - See more at: http://www.digitalnewsasia, page-36

Some Info From Kris, I just complained about the lack of info and this was his reply, if they cant make an annocement then I might as well make my own on behalf of the Kris, apologies Kris if this was meant to be private.

Thank you for writing in. We're actively working on improvements in our marker communications. In the meantime, I hope you don't mind me sharing some operational updates with you.


We're in final stages of deploying our unified technology platform, which will allow us to run the business much more efficiently. We have committed to have it done within Q1 2014, but we've managed to accelerate it and by January the company will be running on a single platform. It will translate into cost savings across the board while allowing us to cross-sell products between markets easily, leading to higher organic growth rates.

It's my objective for Ensogo to be a very light organization in 2015‎, one that will capture the Southeast Asian e-commerce opportunity with speed and efficiency.

It's hard for me to comment on the share price movement. I believe if we deliver results, the market will catch up over mid to long term and that remains our focus. We're in a high growth market (Southeast Asia) and high growth sector (e-commerce). Taking a 2-3 year investment view, Ensogo remains a solid holding.

Best regards
Kris Marszalek

Co-founder and CEO
Ensogo Limited