Annual Report 99/00 - InvestorInfo

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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. 7
Directors’ Report (continued) INFORMATION ON DIRECTORS’ Stephen Ray Williams Qualifications: LLB. Non-Executive Chairman. Age 46 Experience: Stephen Williams was admitted as a solicitor in NSW in 1976 and has practiced commercial, property, and corporate law since that time. Stephen began his career with Lane and Lane solicitors in 1972 becoming a partner in 1978. In 1993 he moved to Kemp Strang Lawyers as a partner. Stephen has advised a number of companies in relation to public capital raisings, prospectus preparation, due diligence and ASX listing requirements. He has been chairman of the Board of Coffey International Limited since 1994 and is a non-executive director of Consolidated Gaming Limited. Interest in shares: 170,000 Ordinary Shares Gregory Martin Bright Qualifications: B. Ec. Director Editorial. Age 46 Experience: Greg has been an economics and finance journalist for over 20 years, starting with the former Daily Mirror in 1976, moving to the Sydney Morning Herald in 1978 and later to the Australian Financial Review. He left the Australian Financial Review to start his own publishing business in 1983, which became Trade News Corporation and which published a range of titles for several industries, including Australian Super Review for wholesale superannuation and Encore/Australian Film Review, Australia’s leading film and broadcast industry trade publication. Greg oversaw the sale of Trade News to Reed Publishing in 1993. During his career, Greg has had a business news radio show, advised investment managers on marketing strategies and for a brief period in 1981 was press secretary to the then Treasurer John Howard. Greg is responsible for the editorial content of all the Company’s titles and for developing the syndicated and E-mail news services. Greg founded Investor Weekly, the institutional funds management magazine in December, 1994. Interest in shares: 10,004,000 Ordinary Shares 8
Page 1 and 2: 2000 Annual Report to Shareholders
Page 3 and 4: able to attract and retain high qua
Page 5 and 6: CONCISE FINANCIAL REPORT Financial
Page 7: The Audit Committee: The company ha
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Page 13 and 14: PROFIT AND LOSS STATEMENT FOR THE Y
Page 15 and 16: STATEMENT OF CASH FLOWS FOR THE YEA
Page 17 and 18: NOTES TO THE CONCISE FINANCIAL STAT
Page 19 and 20: Scope INDEPENDENT AUDIT REPORT ON T
Page 21 and 22: SHAREHOLDER INFORMATION (continued)

Annual Report 99/00 - InvestorInfo

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