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CEO Report

As of June 2012

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Global Trip

Meetings in Singapore, London, New York andSilicon Valley

The view of Semantic Technology: notsuccessfully commercialised (yet)

TechWeek Chicago we are doing everythingright

Brand and Message very different in US

Investment and VCs wait for the right time

Setting up in Silicon Valley and London Virtual Office

Regular travel

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Fundraising

First sophisticated investor pitches started this week

Pitches will occur every week until funds raised

Sandra and Kim sharing pitching: joint and solo Sandra working government contacts to prepare for

Commericalisation Australia grant - $2M

Firm in Singapore can raise funds on a non-exclusive

5% success fee basis

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Sales

Kudos Chat Search Monthly Sales Revenue

KCS Cloud 3.0 was launched late last month, sorevenue growth is expected this month.

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Jan Feb Mar Apr May Jun

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Sales

EnlitenUser Growth

No activity last month Still waiting for kick off this/next month

Hold on for renewed kick off

0

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Jan Feb Mar Apr May Jun

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Sales

CelebTweety (StarSpoon)

Renamed StarSpoon

Referral /sales agreement signed with BME (Sports

Marketing agency) Potential of large (>200K) revenue through BME

Schedule Executive product summary being produced for BME to

ensure high level agreement Working Presentation being produced for demos/sales

Detailed product spec being developed

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Marketing

Fundraising Focus on creating materials needed for investor pitches

Branding Brand consolidation is required and will be underway

Enliten will be main brand

KCS separate brand

Kudos Knowledge dropped or moved back

Promotion

Videos and demos have been produced Enliten demo video

Future feel good video

Investor Pitch presentation

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Product RoadmapEnliten

Last Month:

no Activity (focus on KCS)

Next 3 Months: focus on Enliten Improve core Enliten product

Create Enliten widgets to use channels and SSI on 3rd party sites

Kudos Chat Search

Last Month: Launched Beta Release of KCS v3.0

Support tickets down Downloads up

This Month: Expect Increased sales conversions

Reviewing Business/Enterprise Offering and how to make Enterprise sales conversions

StarSpoon

Last Month: Product Reborn from CelebTweety

This Month:

Signed BME Agreement

Executive Product Summary being produced

Working Presentation being produced

Full Product Spec being produced

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Finance

Investment As above

Banking Upgrade to Business Online Version

Increase to daily limit

Streamline banking system and authorizers

Accounts Weekly cash flow projection established

Need to develop weekly financial summary report

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Legal

Protecting SSI Lodge patent application to secure patent pending

Trademark application in place

No suitable domain name available

Delegation for signing agreements needs to be inplace

BME Reseller Agreement is high level to allowrelationship to grow

Need to establish and agree reseller, referral,partner sales commission for all products goingforward

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HR

Recruitment Latest staff member, Ryan Johnson, joined Monday to the

technical team.

Equipment

Computer policy for staff established Apple MAC leasing/hiring being investigated to purchase

employee computers to minimize cash flow impact

HR system adopted and use of it starts this month First employee reviews occurring this week

Kim to review HR with Sandra DB Employee handbook

Standardized Employee Policies

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Operations

Infrastructure Last Month:

Website hosting Migrated Kudosknowledge.com to new hosting provider

This Month: Sales

Establish sales alias email and opportunity process

Review sales system

Org Structure Upgraded and refined to establish communication policies between

departments

Future: Offices

Setup virtual offices in Silicon Valley and London

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Operations

Sales Administration

Post product release process needs establishing Marketing collateral & Demos/Videos

Product Brochures Pricing

Post Sales process needs establishing Account Management

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Company Strategy

Action Items

Change KKL to Enliten

CA and ATS Grant application

Capital Raising

Generate revenue StarSpoon & KCS

Generate users Enliten

Nurture relationships in USA and UK

Changes to Constitution and Governance