Dear All, As most of you might have

Dear All,

As most of you might have heard of by now, we were visited by local authorities last night around 6:30, who wanted to search our 43rd floor premises. They had no reason, their warrant had no basis and they eventually left after it was made crystal clear from our licensee (CEZA) that Asian Logic and all of its subsidiaries, operate 100% within the law. Indeed, we are one of the most respected and squeaky clean operators in the Philippines.

I believe the misunderstanding was as a result of a clerical error by those authorities and for some reason our business was flagged. We will be meeting shortly with our licensor. We will work with them to understand the full story and put steps in place to prevent another visit of this nature.

I won’t go into any more detail about last night, as I’m sure there will be a few stories this morning. What I will do, is say thanks to our great staff from back office and the senior Asianbge managers on duty at the time, who maintained a cool head and helped manage a potentially difficult situation, very well.

Let’s put that one behind us and get on with things again today.

Cheers,

John