Just checked the Hot Copper search and guess what , page-7

Grant62,

If they couldn't afford to pay there bills
they would be bust by now.

Remember they have spent alot of money
on infrastructure over the last few years.
Now they are growing revenue on that
infrastructure. Ie they can increase
revenue faster than there costs hopefully.

I agree with you in the past, but you cant
expect to get revenue and profits if you
don't do the hard yards early.


03/05/02 ASX announcement below.

FlowCom had an excellent quarter to 31 March 2002, notwithstanding
tough times in the telecommunications industry. Our sales were $5.8m,
a 25% increase over the December 2001 quarter.

am pleased to report that the cost reduction program has reduced
Expenses by 19%, or $920,000 per quarter, over the past 9 months.

While we made an EBITDA(1) loss of $275,000 for the quarter, FlowCom
was cash neutral at an operational level in February with a breakeven
EBITDA profit of $14,000. In March, we achieved an EBITDA profit of
$98,000.

Rgds,Mode