Can you tell me about the offshore markets that Powershop is in?
Powershop currently operates in New Zealand and Victoria, Australia, and we're approaching 100,000 customers across those markets. We're also launching into New South Wales in the coming weeks. Because of this expansion, and our strong growth in Victoria, we'll see our Australian customer numbers exceed New Zealand numbers well before the end of this year.
We're also in discussions with parties in Singapore and the UK. Having now proven the Powershop customer value proposition and technology in two markets we've been pleasantly surprised by the level of international interest in our product. Managing competing interests from multiple markets is a nice problem to have.
Why have you chosen to focus on these particular markets?
These markets are a focus in part because they're competitive, because Powershop's platform is well suited to competitive retail market environments.