possible Chairman's update for AGM?

Netlinkz (NET) is pleased to announce it has entered into a Letter of Intent (LOI) with SecureState Consulting, LLC ("SecureState"). The Companies have announced that they will develop a new product focused on threat monitoring and defense. The product, aimed at significantly advancing the security industry, will lead to a joint venture. "Our platform is a perfect delivery system for a SecureState solution' said the NET managing director. "This product could have made a difference in the latest breaches such as Sony, Target and many others like it", he said.

Further to a previous announcement Netlinkz is also pleased to announce the completion of its on-boarding process of 18 of 20 former Blue River IT personnel. This successful transition process significantly increases the size of the US team with experienced sales, engineering and marketing professionals who are familiar with Netlinkz's technology. As a result Netlinkz is poised to engage with several Federal and State agencies to immediately begin providing network services in a hybrid cloud offering. This is exciting stuff.

Netlinkz is also well positioned to obtain sales across a multitude of organisations and strategic partners including universities, large organisations and prominent partners in the USA. As a consequence Netlinkz is pleased to announce that it has secured its first contract with a leading North American University System to deploy Netlinkz platform into their existing cloud infrastructure. The contract is expected to generate revenue shortly and is expected to be a template for similar institutional engagements across the USA. This should really add to the monthly customer receipts.

Due to the expanded expertise gained by staff hires, NET is currently negotiating terms with a prime Defence contractor with several multi-year, multi-million dollar Federal Agency opportunities. This is likely to be BIG.

NET is pleased to announce it has signed a landmark agreement with Telstra. NET's technology can now be automatically deployed over Telstra's infrastructure. NET is expecting to grow revenues from from this arrangement. As a result NET is hiring high calibre sales people across the country to start servicing major capital cities. Their focus is to sell these Telstra and NET offerings creating a potential to generate multi-million dollar revenues. More staff, more customer receipts!!! Just starting to get cranked up here.

NET is pleased to announce its plans to establish operations in Europe. Nik Haidar of Four23 Management Ltd has been appointed to oversee the launch and development of the new European division with an emphasis on European telecommunication company opportunities. Haidar says initial discussions with some of the major players in the European market have been overwhelmingly positive. In less than 60 days preliminary discussions have resulted in the launch of a number of projects. NET is also progressing positive discussions with global corporate organisations headquartered in Europe who are looking for flexible IT security solutions for pan-European and global deployment. This should really get some momentum happening and everyone at NET is very excited.

In addition to growth in Europe, the Company is also pursuing expansion plans in the US. NET holds several patents in IT security and network virtualization and is the winner of the US Department of Defence's global security challenge. This should be a licence to print money!

NET's software solution, Launchpad, has earned the highest NIST Compliance Rating awarded by CyberRx. This is really impressive. In fact everything about NET is impressive.

NET is please to advise that it is expanding the scope of its existing government-to-government contract with a large US State Government. In addition NET (the winner of the US Dept of Defence global security challenge) is participating in three major Government agency tender processes as a preferred partner to a leading provider of IT security services to the US Federal Government. This is huge.

NET to expand sales force to meet demand. Strong volume and momentum of positive interest in NET's Workspace Suite has lead to a doubling of the sales force across Australia (more staff, more customer receipts!). Workspace suite is sold and actively promoted to hundreds of thousands of Australian business. The volume of interest strengthens NET's market opportunity and demand for its high-quality cyber security technology in Australia. How easy is this eh.

The successful completion of a $2m share placement will enable NET to focus on delivering strong commercial outcomes through the Telstra channel, continue to grow European operational and sales capability and execute a number of recently commenced pilot projects with pan-European services providers and major telecommunications organisations. The raising places NET in a string position to deploy its enterprise-grade cloud based cybersecurity software rapidly and accelerate growth across key target markets including Australia, Europe and the USA.

The 2016 Australian Defence Industry Policy Statement noted NET is a fast growing and innovative Australian network and Internet security solutions company which "is regarded as an innovation and commercialisation success story in its own right and a model for targeted and collaborative Australian Government industry assistance in the innovation sectors". Pretty sure every Australian Government department will pick up on this. Awesome news.

NET is also pleased to announce raised up to US$8.575m to accelerate customer growth. The funds will be used to accelerate growth in core markets with Government, enterprise and small business customers. No stopping this thing now.

Continuing all of the fabulous good news, NET is pleased to advise that a strategic partnership agreement has been signed with Blue Tech Inc., a top US Federal Government provider of mission-critical IT solutions and services. Blue Tech's string sales force will exclusively sell NET's security protection platform products to the US Public Sector, which includes the US Federal and State Governments, education and healthcare markets. This is so brilliant we went out and had beers at Hooters!! A few sore heads in the office the next morning.

The Telstra news just gets better too., NET is working with over 80 partners, exceeding its forecast of 40 partners by the end of April 2016. The recurring revenue stream has been activated with automatic customer monthly billing and collection - see , it's not free. We really are charging for this. The recurring revenue continues to grow in line with the budgeted forecast of approximately $1  million per month by June 2017. This does sound very impressive.

Bluetech also called last night (time difference is a pain in the @#%) to let us know that all lab testing has been successfully completed leading to deployment of the VIN and VSP. Revenue forecasted to start first quarter of the 2016/17 financial year. This could be huge too. Keep watching those quarterly customer receipt numbers!!

NET has now decided to change strategy and move to an outsourced sales and support model (we were crap at sales ourselves and wasted millions and millions of investors dollars finding that out). We have decided that despite all the awards and stuff, that our core product is actually VIN and that's what we're going to focus on. We will now have VINconnect and VINgate. Blue Tech remains a significant distribution partner in the US through the government IT purchasing vehicles (sounds impressive again). NET is re-setting financial forecasts as a result of the change in commercial strategy and cost reduction initiatives. However, the Company's objective to breakeven in the June quarter of 2017 or earlier, still remains. With a significantly improved balance sheet and major decrease in cost, the Company is focused on closing some major commercial transactions before the end of the calendar year. Everything is starting to come together which is great. Quarterly customer receipts should be good reading.

It's hard to believe how much good news one company can have but NET is pleased to announce the appointment of Robert Turner as a non-executive director. Mr Turner brings over 35 years of expertise analysing leading edge technology companies. This is just awesome news. Hang on tight coz NET is going to fly now.

And to top it all off, there is now a distribution agreement with Leader Computers Pty Ltd. Hard to believe but true. Leader have 6,000 resellers (yes, 6,000!!) across Australia and New Zealand  and this story just gets better and better.  The Leader distribution agreement is a milestone (Telstra was landmark) for Netlinkz and significant endorsement of the SD-WAN s9oftware solution and Go To Market strategy. Leader is very excited to be Netlinkz's distributor because they believe it is a superior solution. Serious momentum building up here and the quarterly results will be exciting.

The Quarter 1 2016_17 results are out. It doesn't get much more exciting than this. Wait for it...............

Hard to believe but receipts from customers have grown to $5,000 for the quarter ending September 30 2016. Yes. $5,000. Amazing but true. And, we only spent $622,000 on research and development, $644,000 on advertising and marketing, $291,000 on staff and other employment costs and $198,000 on administration and corporate costs to generate this $5,000. We are quite good at this so watch this space. We are likely to have more announcements and board appointments soon so 1 cent, look out - here we come.

WARNING : If you think you've heard most of this before, you probably have. And yes, there is a lot of sarcasm included, free of charge (much like a lot of the services NET provide, apparently).

The AGM might bring a real Chairman's update. Who knows how much good news that will bring.....

Nothing is won or lost until it is sold (or goes broke) so there may be a miracle still coming for this, but definitely not feeling good about it at the moment. Hard to fathom how so many positive announcements and appointments have taken it to this point. It almost reads like fiction???

I noticed some of those notices coming out about share issues recently were 'for working capital'. Does that mean the pot is nearly empty again? If it is then it is hard to believe anyone new will stump up cash to keep them going so the end may be nigh.

If anyone has anything positive to share, please do.