little powerhouse, page-5

Q1 update looks great, quality operation. Great to see them with their feet firmly on the ground. Henderson looks fantastic and along with the purchase of new equipment should see profit margins increase and operating costs decrease proportionately.

Good growth opportunities coming into FY11 and FY12, with orders already booked and strong interest from other large companies.

Will be interesting to see the competition develop and how well Matrix can fend them off, this will be the biggest factor in determining how successful Matrix are at not just producing a top quality product but also their business model and strategic ideas.

Great company to be holding into the future.

Cal