The first 3 weeks of 2008 have been all about funding, new biz dev, finding a new office space and the work on existing projects. We have made very good progress on all fronts. Four new proposals have been presented. One new project authorised for a major sporting organisation. We move out of the space at NetX in Prahran at the end of this week and have 3 options to decide between by early next week. Work has commenced on the largest project to date for Feedcorp – it is for a major classifieds publisher and will take up to 5 months to complete. We managed to secure funds via an existing investor at the revised valuation on the company at the end of last week and discussion continue with two VC groups. yesterday I sent a proposal off to a travel client looking at our Social Network Intelligence solution and today I managed to secure 3 meetings with major web publishers to discuss the gnoos content aggregation package. All very positive and very exciting!

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