1、Mobile Tornado Group plcCompany registration number:5136300Annual Report and Accountsfor the year ended 30 June 2006PageChairmans report2Directors report5Report of the independent auditor11Consolidated profit and loss account13Balance sheets14Consolidated cash flow statement15Accounting policies16No
2、tes to the financial statements20Notice of Annual General Meeting31Corporate information33Page 1ContentsIntroductionIt is a great pleasure to present Mobile Tornados first Accounts as a publicly listed Company.The listing was obtained in March 2006 through the reverse takeover by Mobile TornadoInter
3、national Limited of TMT Group plc,a Company already listed on AIM,but with nounderlying business.Following this,TMT changed its name to Mobile Tornado Group plc andthe existing business of Mobile Tornado has continued,unchanged and uninterrupted.I first became involved with Mobile Tornado as a share
4、holder in February 2004 having beenattracted by the technology platform that had been developed.The technology was developedfrom 1999 onwards by Eyal Fishler and Jorge Pinievsky whilst working for Mobile TornadoIsrael Limited,a technology Company which they co-owned together with other investors.InF
5、ebruary 2004,Mobile Tornado International Limited,a newly incorporated Irish Company,acquired the assets and employees of Mobile Tornado Israel Limited.Following this acquisition,Mobile Tornado maintained an Israeli research and development centre,appointed a newmanagement team based in Dublin,and c
6、ommenced the process of commercialising thetechnology.This streaming technology,for which patents have been filed in a number ofterritories,addresses an area of the telecommunications market,instant communications,which I believe over the next few years will present enormous opportunity.Mobile Torna