We have been invited on a trade mission to explore the possibility of exporting our software to one or two countries in the Asian region. While we have had some export experience, the results of the mission could considerably expand our horizons.
The export opportunity which could be opened by the trade mission is something we have to consider carefully since plans are well advanced to establish a Tower Systems office in another country and since we are experiencing considerable growth here.
I have seen other software companies fall into trouble for expanding too quickly and undercapitalised. This is why we will take our time to consider trade mission. The overseas office is an easier decision for circumstances I will not go into here.
In the meantime, we have now completed hiring for our expanded software development team and are advanced on expansion of our support team. These back office moves will stand us in good stead here and abroad regardless of the decisions we make re the trade mission.