----- Original Message -----
Sent: Wednesday, May 19, 2004 10:06
AM
Subject: Re: Re: [sharechat] ZYL -
Zylotech UPDATE
Hi David,
Extract from prospectus; ' ... Zylotech has
active dialogues underway and reseller and/or teaming agreements in the
process of being completed for integration of their products and solutions in
a number of strategically important applications by a number of industry
market leaders who operate in the IT integrating and security surveillance
services fields. These include ... ' (See list of names on page 3 of the
prospectus which also lists possible Zylotech product and solution
applications - provides an overview of their prospects.)
The annual report gave the cash position at 31
Dec 2003. Capital raising was after 31 Dec (concluded January 2004) and raised
over $1M for Zylotech.
I don't think cash is going to be a problem,
especially since they have progressed from development to milestones/sales
with EyeLink, working trials of Sonobuoys, and Mirli UAV (unmanned aerial
vehicle) has been successfully demonstrated in a scaled down version with a
large scale demo planned for later this year. {PS Would very much like to see
Metal Storm (MST) investigate opportunities re this Australian
UAV.}
Zylotech partnered with Fujitsu on EyeLink into Manly Council so
Fujitsu must have a high opinion of Zylotech.
Every shareholder had an
opportunity to pick up Zyl
shares and Zylob options at 1c recently = estimated cost of .009 per ZYL
share, and .001 per ZYLOB option.
Due to milestones/progress last year,
ZYL is well-placed in the med to
long-term high growth investment category with the possibility that a positive
announcement could propel the SP sooner. I (as in my personal opinion) see
both the shares (presently at .008), and the options (still some ZYLOBs
available at .001) as a great buy right now BUT Mr Market,
collectively, may not agree with my opinion.
Regards,
Cris
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