Our consistent focus has been on the development of world class software application systems, which address fully the administrative and information management requirements of various organizations. In modern economies the rate of change in information system requirements has been dramatic and dynamic. Organizations are responding to the needs of business by investing to make information available at the point of care through the deployment of new software applications, broadband networks and mobile computing devices. We have stuck to our strategy resolutely because of our condence that it represents a close t with developments in our markets and the requirements of our customers. As information services looks to adopt best practice from other sectors of the economy, the move towards disseminating information through the Application Service Provider (ASP) model will become more apparent. Smart LogiX is well positioned for this development as we target our expertise towards producing application content for delivery as an ASP offering by large third party service organizations. We look forward with enthusiasm and are condent that our strategy will continue to serve us well and deliver value for our customers.