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STRIKE RESOURCES LIMITED Capital/Financing Update 2004
65855_rns_2004-05-25_2ee39b00-2aff-4606-a03f-d44333e7df66.pdf
Capital/Financing Update
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Wednesday, 26 May 2004
MARKET ANNOUNCEMENT
Activity Update
Fast Scout is continuing to develop and market its Internet filtering and monitoring security software, Virtual Web, in Australia and internationally.
Earlier this month, Fast Scout was an exhibitor at the CeBIT Australia 2004 technology exhibition in Sydney. The CeBIT exhibition is one of Australia's largest technology shows and proved an ideal opportunity to showcase Fast Scout's innovative Virtual Web software. Considerable interest was shown in the product by visitors to the show and the Company is currently progressing a number of sales and distribution opportunities which arose as a direct result of its presence at the show.
The Company continues to market its software to a broader international marketplace, through a combination of online and direct marketing. The Company has experienced growth in daily visitors to its web site and downloads of trial versions of its Virtual Web software particularly after Microsoft™ ISA Server 2000 partner accreditation was received in February 2004.
Through its distribution partner in the USA, Fast Scout is introducing its Virtual Web product to selected target markets and recorded its first sale to a company in the USA earlier this month. The Company is currently developing a number of sales prospects outside of Australia, including in the USA, United Kingdom, Canada and South Africa.
For more information on VirtualWeb or to download a free evaluation copy, visit www.virtualweb.com.au
The Company is mindful of its capital position and will continue to monitor its sales and marketing activity to ensure an appropriate balance between revenues and expenditure.
In this regard the Company confirms it is also currently in discussions with Data Base Systems Ltd with respect to the expenditure commitments outstanding between the two companies for the provision of web site classification services by Data Base Systems Ltd.
For further information:
Mr William Johnson General Manager
T | $+61892149700$ E | [email protected]
Fast Scout Limited A.B.N. 94 088 488 724 Level 14, The Forrest Centre, 221 St Georges Terrace, Perth, Western Australia 6000 Tel: + 618 9214 9700 Email: [email protected] Fax: + 618 9322 1515