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To: TobagoJack who wrote (28590)	2/9/2003 6:02:39 PM
From: Maurice Winn	Respond to of 74559

Jay, I think those guys are wrong. Mqurice

To: TobagoJack who wrote (28590)	2/9/2003 8:02:27 PM
From: Moominoid	Respond to of 74559

New high today of 32 Aussie Cents - Sales in December Quarter: $A20k :P That is like a P/S of 250? moom Commitments Test Entity - Second Quarter Report 03-02 0922 ACTIVITIES REVIEW - DECEMBER 2002 QUARTER Lumacom made a number of achievements in the December 2002 quarter, including the completion of a capital raising and the negotiation of significant commercial agreements for its major markets of Europe and North America. At the Company's Annual General Meeting in November, Lumacom advised that ongoing efforts to establish joint venture arrangements for the installation of Lumacom signs under advertising revenue-share programs were progressing positively. Lumacom announced in December that it had signed an agreement with the well-known outdoor advertising company, Mega Profile International Limited ("Mega"), a London based firm with a consortium of offices covering 13 countries across Europe and a leader in the industry. The deal involves the supply of Lumacom screens on sites controlled by Mega (with all regulatory approvals and advertiser contracts being secured by Mega), with Lumacom sharing 50% of net advertising revenue. The first of such locations and installations has already been agreed, and manufacture of a Lumacom screen is in progress to be installed in a major tourist precinct in Barcelona, Spain. Commissioning is scheduled for mid-March 2003. The contract is potentially worth $750,000 to $1 million per annum to Lumacom under a typical 4-year advertising contract. Through the Mega alliance, Lumacom is currently assessing some 9 additional spectacular sites under similar arrangements. Important to Lumacom's international expansion has been its strategic manufacturing alliance agreement with major LED sign and opto-electronics manufacturer, Opto Tech Corporation, a publicly listed company based in Taiwan. Opto Tech Corporation boasts some 90,000sqm of factory space and offers considerable production through-put and international technical support facilities, thereby playing an important role in Lumacom's quest to develop networks of signage systems in all its international markets. Lumacom is also making considerable advancements in the development of its North American market. Proposed arrangements will involve a cooperative agreement with American-based advertising property specialists, which will see a pro-active development of opportunities already identified by Lumacom's marketing team over the last year. One particular Lumacom sign application will potentially represent one of the single largest advertising signage opportunities achievable worldwide. The Company hopes to be in a position to announce detailed information on this proposal in the current quarter. Overall, the Company has made significant advancements in the quarter and future prospects are very encouraging. Recent share placements have increased the Company's cash reserves to enable it to advance its international prospects, and the involvement in these placements by groups such as Mega and other like industry participants is a sign of confidence and support in the Company's direction and growth. Further developments will be advised as they occur. R Sala MANAGING DIRECTOR APPENDIX 4C QUARTERLY REPORT FOR ENTITIES ON BASIS OF COMMITMENTS Name of entity Lumacom Limited ABN Quarter ended ("current quarter") 44 091 009 559 31/12/2002 CONSOLIDATED STATEMENT OF CASH FLOWS Cash flows related to Current Year to date operating activities Quarter (6 months) AUD'000 AUD'000 1.1 Receipts from customers 20 37 1.2 Payments for (a) staff costs (54) (110) (b) advertising & marketing (156) (368) (c) research & development (85) (169) (d) leased assets - - (e) other working capital (83) (233) 1.3 Dividends received - - 1.4 Interest and other items of a similar nature received 8 21 1.5 Interest and other costs of finance paid (11) (22) 1.6 Income taxes paid - - 1.7 Other (provide details if material) - - 1.8 Net Operating Cash Flows (361) (844) Cash flows related to investing activities 1.9 Payment for acquisition of: (a) businesses (item 5) - - (b) equity investments - - (c) intellectual property - (14) (d) physical non-current assets (8) (9) (e) other non-current assets - - 1.10 Proceeds from disposal of: (a) businesses - - (b) equity investments - - (c) intellectual property - - (d) physical non-current assets - - (e) other non-current assets - - 1.11 Loans to other entities - - 1.12 Loans repaid by other entities - - 1.13 Other (provide details if material) - - Net investing cash flows (8) (23) 1.14 Total operating and investing cash flows (369) (867) Cash flows related to financing activities 1.15 Proceeds from issues of shares, options, etc. 729 729 1.16 Proceeds from sale of forfeited shares - - 1.17 Proceeds from borrowings - - 1.18 Repayment of borrowings (28) (66) 1.19 Dividends paid - - 1.20 Other (provide details if material) - - Net financing cash flows 701 663 Net increase (decrease) in cash held 332 (204) 1.21 Cash at beginning of quarter/ year to date 818 1,354 1.22 Exchange rate adjustments to item 1.20 - - 1.23 Cash at end of quarter 1,150 1,150 PAYMENTS TO DIRECTORS OF THE ENTITY AND ASSOCIATES OF THE DIRECTORS PAYMENTS TO RELATED ENTITIES AND ASSOCIATES OF THE RELATED ENTITIES Current Quarter AUD'000 1.24 Aggregate amount of payments to the parties included in item 1.2 (86) 1.25 Aggregate amount of loans to the parties included in item 1.11 - 1.26 Explanation necessary for an understanding of the transactions - Directors' remuneration (5) - Fees paid under management agreement for services of directors and other consultants (81) NON-CASH FINANCING AND INVESTING ACTIVITIES 2.1 Details of financing and investing transactions which have had a material effect on consolidated assets and liabilities but did not involve cash flows N/A 2.2 Details of outlays made by other entities to establish or increase their share in businesses in which the reporting entity has an interest N/A FINANCING FACILITIES AVAILABLE Add notes as necessary for an understanding of the position. (See AASB 1026 paragraph 12.2) Amount Amount available used AUD'000 AUD'000 3.1 Loan facilities (443) (443) 3.2 Credit standby arrangements - - RECONCILIATION OF CASH Reconciliation of cash at the end Current Previous of the quarter (as shown in the quarter quarter consolidated statement of cash flows) AUD'000 AUD'000 to the related items in the accounts is as follows. 4.1 Cash on hand and at bank 690 165 4.2 Deposits at call 460 653 4.3 Bank overdraft - - 4.4 Other (provide details) - - Total: cash at end of quarter (item 1.22) 1,150 818 ACQUISITIONS AND DISPOSALS OF BUSINESS ENTITIES Acquisitions Disposals (item 1.9(a)) (Item 1.10(a)) 5.1 Name of entity N/A N/A 5.2 Place of incorporation or registration N/A N/A 5.3 Consideration for acquisition or disposal N/A N/A 5.4 Total net assets N/A N/A 5.5 Nature of business N/A N/A COMPLIANCE STATEMENT 1. This statement has been prepared under accounting policies which comply with accounting standards as defined in the Corporations Act (except to the extent that information is not required because of note 2) or other standards acceptable to ASX. 2. This statement does give a true and fair view of the matters disclosed. R Sala DIRECTOR/COMPANY SECRETARY Date: 31/01/2003