Intouch Insight Ltd (INXSF)

[MikeDDKing]

Some key pieces of new information in the INX.V / INXSF shareholder letter in the annual report. It is a good read.

1. "In-Touch's strategy is to grow from $11M in revenue to over $20M in revenue in 2015 with 15% organic growth and 25-50% growth through acquisitions."

2. "We made significant progress on the acquisition front with our April 1, 2013 announcement that we acquired the assets of GCS Field Research ("FR") from NAVEX Global. FR represents $2 million in new revenue along with almost $500k in new EBITDA. Q2 financials will start to show the benefits of the FR acquisition. FR adds valuable and new lines of on-site compliance services in the pharmaceutical, financial and educational markets."

3. "On April 19, 2013 In-Touch signed a letter of Intent to acquire a Mystery Shopping company in Atlanta, Georgia. Assuming due diligence provides the required information there is a high probability that the parties will sign a definitive agreement with an effective date in June 2013. Additional annual revenues from this acquisition are estimated to be in the range of $2.5 million and growing. This transaction will be funded by a combination of debt, vendor take-back and In-Touch Common shares."