Market Cap £70 Million - Only Asset £8 Million Cash!!!!!!

I think the bottum is round where we are now. FTI has now a clear strategy as explained below:
The Company has also set out its intentions regarding its
strategy, markets and planned product and service offerings which are, in
summary, as follows:



* Continue to build on the strong growth of the core Artilium business
* Continue to expand Artilium's offering internationally, which has started
encouragingly
* Focus on new channels identified to broaden the customer base where early
sales have been achieved
* Leverage opportunity for a new profitable revenue stream already
identified


The Acquisition

* On 7 March 2006 FIT announced that it had entered into an agreement to
acquire 49 per cent. of the outstanding share capital of Artilium NV
('Artilium') for a cash payment of Euro7.5 million with the option to acquire
the balance of the issued share capital of Artilium within 12 months. On 21
June 2006, the Company formally exercised its option to acquire the
remaining 49% of the issued share capital of Artilium (the Acquisition).
The consideration under the Acquisition will, following a variation of the
terms announced on 24 November 2006, be satisfied by a payment of Euro2.1
million in cash and the issue of 2,000,000 Consideration Shares (equal to
400,000 New Ordinary Shares). This values the whole of Artilium at
approximately #6.9 million (based on the cash paid and the shares issued at
the Placing Price of #1.00 per New Ordinary Share).



Information on Artilium

* Artilium provides technology solutions to network operators and enablers.
Its core product is a Shared Service Delivery Platform ("SSDP") which
comprises a single technology platform offering a variety of services to
both the network operator and its subscribers.



* Established in Belgium in 1999 by experienced telecoms engineers, Artilium
has an established market position which it has developed by supplying its
products and services to a number of operators throughout the Benelux region
and, in conjunction with its partnership network, has already established
installations in more than ten countries across Europe.



Background and reason for the Acquisition

* Artilium has been successful in selling its platform throughout the
Benelux region but as a "software engineering" focused organisation, the
management of Artilium focussed on regional deals initially and provided a
large amount of bespoke customised software in addition to its platform.



* The Directors believe that Artilium has significant experience in the
telecoms sector and in acquiring Artilium, FIT will be able to combine its
experienced international sales and product marketing team with Artilium's
engineering capabilities.



* In the Directors' opinion the result is an opportunity to exploit
Artilium's past regional success on a global scale, capitalising on demand
for service delivery platforms. With a customer base of leading telecoms
operators and a proven track record, FIT is confident it can extend
Artilium's position as a leader in service delivery platforms from Benelux
throughout the world.



Intentions regarding the Company

* In addition to extending Artilium's core business internationally, the
Board believes there is a significant opportunity for Artilium to capitalise
on another widespread technology trend, the delivery of software as a
service ("SaaS").



* The Directors believe that, increasingly, businesses are coming to
recognise that outsourcing the management of their technology is a cost
effective decision. With the proliferation of broadband penetration into
businesses, leading software providers including Microsoft and SAP have
embraced the concept of delivering software over the internet. Warehousing
and distribution costs are virtually eliminated, updates are more easily
deployed and support can be provided more rapidly.



* To obtain business users, software providers seek to include their
applications within the product offerings of service providers (such as
internet service providers ("ISPs"), system integrators and network
operators). The Board believes this pool of service providers represents an
ideal opportunity for the sale of the Artilium platform, which integrates
business applications with telecoms networks.



* In addition, the Enlarged Group can generate revenues via the resale of
wholesale voice minutes through these business applications. Once enabled
with Artilium technology, businesses will be able to purchase blocks of
voice minutes from the same company providing their email service and their
broadband access. This bundling of solutions simplifies technology
purchasing for businesses and gives Artilium a substantial new market to
address.