Annual Report 99/00 - InvestorInfo

InvestorInfo has $7 million in cash surplus to working capital requirements. The company has been actively
pursuing acquisitions in the media and publishing areas but to date has been unsuccessful in securing targets that
meet its investment criteria. Many of the proposals examined are pure e-Commerce businesses often with large
cost structures, no apparent revenue or profit and with implied valuations far in excess of InvestorInfo’s. Your
company’s Board has determined that acquisitions should increase earnings per share and meet strict return on
investment thresholds.
The company’s major costs are staff, printing and postage. Management constantly monitors staffing levels and
expenditure to ensure tight cost controls. Significant price inflation is not evident in wages or other major costs
however there has also not been any opportunity to increase advertising rates to our customers.
CONCLUSION
The success of any business depends on the quality and application of its staff. InvestorInfo’s achievements in
the past year would not have been possible without the co-operation, skill and dedication of employees. We
would like to take this opportunity on behalf of the Board of directors to thank all staff for their contribution
over the period.
Stephen R Williams Kieran J Kelly
Chairman Managing Director
Sydney
5 September 2000
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