What a great result in such tough times for this little...

What a great result in such tough times for this little company.

Given that it is the first full quarter without the burden of Synergy+ this is a solid result. Revenue increased by over $400k, and an operating cashflow turn around of $1,318,000.

It appears that what the Management team has put in place to turn this company around may well be starting to take effect, coupled with an increase in digital services expenditure by companies and a temporary recovery in the economy I am expecting the next two quarters to show some growth in both Operating Expenditure and Revenue.

Next quarter should also show the first payment of synergy+ of $1.3mill (lets hope ComputerCorp will be around in 2012 to make the last payment).

On the down side the Lehman Bros. fiasco still has not been resolved and Calavassy still has roughly 34 million shares to sell, that'll slow the share price rise considerably.

Congratulations to the board and management team for an excellent performance for the last quarter, and considering the storm they sailed the good ship Hryo through last year the next few years should be a breeze.

Well done.