A lot has happened over the last quarter, both within the business community and here at NetReturn. The market has experienced some well publicised turmoil and continues to evolve on a day to day basis. We have a large and broad customer base, and interestingly enough the feedback is cautious optimism and resilience to the environment at this point.

We have received an increase in enquiries with customers looking to closely manage business processes and extract efficiencies with their business. Not surprisingly, cash management and revenue leakage are high priorities as well as closer management of sales leads and conversion.

At NetReturn we have enjoyed a strong first quarter with 16 new customers that have joined, whom we are pleased to welcome aboard. During the quarter we participated in the local launch of the OneWorld offering, and also commenced the upgrade of the NetSuite solution, 2008v2, across all our customers.

In addition we have been preparing a user conference for NetReturn customers, with updates on the latest features and functions the new release of NetSuite offers. This aims at being informative and practical in helping customers to get more out of their existing system. Invites should be received shortly.

We will also be holding end of year customer drinks, which proved very popular last year. This is a good opportunity for customers to mingle and network with each other, as well as to meet some of the NetReturn team. We hope to see you there.

All the best,
Andrew Birch - CEO