Catuity's position is improved from one year ago as we continue to establish our U.S. loyalty and gift card processing business. Catuity has resolved its regulatory issues; recapitalized; solidified our Australian business; generated a pipeline of direct sales opportunities while expanding our network of re-sellers; and has successfully sold and deployed our new proprietary processing platform in the U.S. to our targeted markets. The second half of the year is a key time for retailers to make buying decisions. They are often deciding to install prior to the holiday shopping season or they are finalizing budgets for 2007."
"We will provide shareholders with a more detailed briefing 5 p.m. EDT on August 14, 2006 when we file our second quarter financial statements on Form 10-QSB with the U.S. Securities and Exchange Commission. We will provide conference call-in information shortly before the 14th and encourage shareholders to participate in that briefing."
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