The development of the company 2011

The development of the company has  been good, with significantly increased turnover and profit compared with last year.

Turnover first half of the group was NOK 26.7 million against budget NOK 23.3 million while profit was NOK 650,000 to NOK 950,000 budget. Without the extraordinary costs caused by the change of management, the result budget would be emphatically improved.

The improvement of our network solutions is significant and is expected to contribute positive earnings during the year. Liquidity is good. Summer months are a quiet period, but we are stronger again from September. The Board feels relatively confident that the company in 2011 for the first time, will deliver revenue and profit over budget, despite extraordinary costs.

The Group's turnover by two four-month period in 2011 is 32 million