Annual Report 99/00 - InvestorInfo

Directors’ Report
Your directors present their report on the company for the year ended 30 June 2000.
DIRECTORS
The names of directors in office at the date of this report are:
Stephen Ray Williams Kieran John Kelly
Gregory Martin Bright Stephen Andrew Williams
H Nicholas Selvaratnam
PRINCIPAL ACTIVITIES
The principal activity of the company during the year was the publication of investment magazines.
There were no significant changes in the nature of the company’s principal activity during the year.
OPERATING RESULTS
The profit of the company after providing for income tax amounted to $377,722.
DIVIDENDS PAID OR RECOMMENDED
There have been no dividends paid or declared for the year.
REVIEW OF OPERATIONS
During the year, the company carried on the business of publication of two investment magazines. Investor
Weekly ran from 1 July 1999 and Investor’s Advisor started in October 1999. The magazines are sold on a
subscription basis and provide a valuable source of information for all types of investors.
SIGNIFICANT CHANGES IN STATE OF AFFAIRS
The following significant changes in the state of affairs of the company occurred during the year:-
(i) The company raised capital of $8,200,004 through the issue of 52,000,000 ordinary shares;
(ii) The company purchased the business assets, effective 1 July 1999, of Kelwane Pty. Limited and the
accounts reflect this transaction and trading from that date. Prior to this, the Company had not traded.
SUBSEQUENT DEVELOPMENTS
The likely developments in the operations of the company and the expected results of those operations in future
financial years are as follows:
(a) The company will establish an internet based database whereby customers will subscribe to the website and
gain access to a database of investment information;
(b) The company will establish a custom publishing business with a significant emphasis on investment and
financial planning.
(c) The company has launch an additional product InvestorDaily.com in July 2000. This is targeted at
professionals in the institutional investment and financial planning industries.
The board expects that the above developments will provide a wider market and improve profit contribution.
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