Morning.25 Oct 2013 10:15
We have seen much improvement in sales traction over recent weeks and one of our biggest concerns was to fund the working capital growth to sustain this into 2014. This deal with Megaman UK allows us to fund this growth, but more importantly to accelerate it further due to Megaman's reputation and significant distribution power into the UK wholesale and retail sectors. This continues the Company's strategic emphasis of finding distribution partners to allow us to concentrate on our core competence of electronic devices, software and app development.".
Says it all.
ATB