Oliver's Real Food Limited announced on 30th January 2019, the previous Board of ORF announced to the market a revised loss (EBITDAI) for the year ended 30 June 2019 of around $4 million, $3.5 million of which had already been reported for the 6 months to December 2018. The third quarter January to March 2019 incurred a trading loss of approximately $1.8 million. The new Board and senior management team commenced at Olivers in the first half of March 2019, and as per previous announcements, immediately began to address the poor trading situation and the resultant cash burn. The Board is delighted to inform the company stakeholders that the remedial actions the company have taken have had the desired impact as the anticipated trading position for the quarter April-June 2019 is expected to be a breakeven, a remarkable turnaround, and which has basically eliminated the cash burn. More importantly, this position forms a solid foundation for the future and a return to profits. Olivers will post a trading loss for the 2019 financial year of around $5.3 million, all of it incurred prior to the actions and initiatives of the current Board and the new senior management team. The Board is confident the company have addressed the major issues, and while the company continue to drive the business forward, returning to the original culture and focus, seeking improved sales margins and efficiencies, the company have a sound platform now from which to work, with positive cash flows expected for the balance of this year. Consequently, the Board believes the 2020 financial year will see a return to profits, and with it the ability to pursue a number of very exciting and potentially viable opportunities, which the company will advise on, as soon as any of these have been fully explored and investigated. The company thank all staff, suppliers, shareholders and supporters for their continued support, and expect to be providing the market with regular positive updates.