Holista Colltech remains positive about our medium to long-term prospects in view of the significant achievements during FY2018 and immediately after. We remain optimistic of a major effort to launch a global low GI clean label white bread starting in Australia. This will be followed by a global roll out. While there were delays in the shipment of Low-GI noodles to China (as per our agreement with Express Trading Canada), we are working hard to ensure that the offtake can commence in FY2019. When that happens, the revenue contributions will be significant.

On our partnership with Kawan Food, we will commence production of Low-GI flatbreads — starting with paratha and chapatti — in the form of frozen dough. They are scheduled to hit Malaysian stores by Aug/Sep 2019 and the U.S. market two to three months later. For our new low-calorie sugar 80Less, the imminent launch of the Malaysian sugar tax (delayed by three months to 1 July 2019) is expected to hasten discussions we have with beverage manufacturers. We see our product as a potent weapon in the battle against sugar overconsumption worldwide.