AGM Statement

30 Nov 2006 08:27

Seeing Machines Limited30 November 2006 30 November 2006 Seeing Machines Limited ("Seeing Machines" or the "Company") Annual General Meeting Seeing Machines (AIM: SEE), a leading developer of advanced computer basedimaging software systems, announces that at its Annual General Meeting heldtoday in Canberra all proposed resolutions regarding the re-election ofdirectors were duly passed. Full copies of the addresses made by the Chairman and the CEO are available onthe Company's website, www.seeingmachines.com. Enquiries:Seeing Machines Limited Insinger de Beaufort Parkgreen CommunicationsNick Cerneaz, CEO Simon Fox Justine Howarth / Victoria Thomas+61 (0) 2 6125 6501 +44 (0) 20 7190 7018 +44 (0) 20 7493 3713www.seeingmachines.com Notes to Editors: Specifically highlighted in the Address to the Annual General Meeting of SeeingMachines made by the Company's Chairman, Fulton Muir were the following keypoints: • The company achieved its best ever results for the year ended 30 June 2006: • Revenue up 70% to A$2.4 million • After-tax loss of A$135,077 down 89% on the previous year's loss of $1.228 million • Cash reserves of A$2.4 million up 263% on the previous year o The sale of the faceLAB product has been largely responsible for therevenue growth in the past year. It continues to be sold to many prestigiousinstitutions involved in R&D including motor vehicle manufacturers, universitiesand defence organisations. This information is provided by RNS The company news service from the London Stock Exchange