The net loss for the period was $7.815 million, an increase from...

The net loss for the period was $7.815 million, an increase from the loss of $3.295
million recorded at 30 June 2006.

Operating cash burn for the period was $4.415 million compared with $3.110
million in the previous year.

Prior to the end of 30 June 2007 the Company completed agreements to raise
additional funds. This included a $4m equity drawdown facility with Cornell
Capital Partners, LP and the issue of a Convertible Note for $1m with an option for
a further $1m.