2006 Annual Report

The encouraging signs seen in 2005 were sustained in 2006 with, in particular, year-on-year revenue showing a 63% increase.

This growth is one that continues to be fuelled by the performance of our UK retail business including the development of our Indirect Channel, which now accounts for over half of our average monthly sales.

We are now focused on maintaining this growth while creating further value through the successful re-launch of the company's wholesale business.

Overall, our revenues have increased from $6.8m in 2002 to $33.5m in 2006. The company continues to drive impressive revenue growth in through investment in sales, marketing and product development.

We have also continued to invest in upgrading our network. Combining an advanced fibre optic backbone network with metro fibre reach into major business districts, enables us to offer our customers managed IP and network services direct to their premises with less dependence on local third party suppliers.