SIO Oct 28th Update - I guess we should have seen it coming.Consumer electronics market An expected slowdown::: In the first quarter, revenues from technology and patent licensing activities amounted to $48,775 compared to $55,854 in the previous quarter and $302,684 in the first quarter of fiscal 2015. The decrease is attributable to the expected slowdown of 3DTV sales in the marketplace by SENSIOs clients and the absence of new patent licensing agreements by Wi-LAN during the quarter. The Company expects that the first patent licensing agreements stemming from the most recent deal struck with Wi-LAN in November 2014 will only be reached 18 to 24 months after that date given the normal patent licensing sales cycle. The results in this market are consistent with what we had anticipated and they reflect the transition in the nature of the Companys primary activities, commented Mr. Routhier. With the discontinuance of our technology development efforts and the outsourcing of patent licensing activities to Wi-LAN, our efforts are henceforth resolutely focused on 3DGO!TM. Although we will continue to generate revenues from the consumer electronics market in the coming years, notably upon Wi-LANs signature of new patent licensing agreements, strong revenue growth will come from 3DGO!TM from now on. 3DGO!TM Notable improvement of performance on a comparable basis::: In the first quarter, revenues from 3DGO!TM amounted to $31,814 compared to $17,784 in the first quarter of 2015, a year over year increase of 78.9%. This is the second consecutive quarter that has performed better than its comparative quarter of the preceding year, following two quarters of lower comparable performance. The first quarter increase can be explained primarily by the continued progression with LG and by the addition of numerous titles to the 3DGO!TM movie catalogue pursuant to the renewal with Paramount and the deal signed with Twentieth Century Fox. For their part, the number of registered 3DGO!TM users continued to progress in the first quarter, growing from 28,112 to 31,414. This is an increase of 3,302 users compared to an increase of 2,189 users in the first quarter of the previous fiscal year. This improvement is attributable to the numerous marketing initiatives the Company has put in place to stimulate the recruitment of new users. The first-quarter growth in revenues and in the number of users marks a turning point for 3DGO!TM, observed Mr. Routhier. This performance, achieved in a historically weaker quarter in view of the seasonality, is especially encouraging since it was achieved without Samsungs contribution as their 3DTVs were only added in the second quarter of this fiscal year. The higher rental revenues are also evidence of the improved quality of the users that have been recruited and of the appeal of our 3D film library, which continues to get better. What we are observing is the continued improvement of our performance which started in the last quarter and we are positive about the current quarters results.