Briefed Senior Counsel to prepare a legal opinion for the FTSE-JSE on the status of a PurePlay® Instrument. It is expected that the Senior Counsel opinion will say that the PurePlay® Instrument is a Note sounding in a mineral.

The first batch of PurePlay® international trade mark applications have been accepted and are now subject generally to a two month “objection period”. The trade mark registrations will be granted after the objection period provided that no material objections are raised against the trade mark registrations.

Initiated contact with KPMG to prepare independent Accounting and Taxation Opinions on the PurePlay® Project. The objectives are to establish international accounting standards for PurePlay® Notes and Issuances and to establish the expected taxation and VAT implications and treatments for PurePlay® Note Programs.  

First formal full PurePlay® Proposal and PurePlay® Board Papers prepared for a potential issuer. Submission of the proposal is conditional on external accounting and legal opinions on PurePlay® Technical aspects.

Preparations have been initiated to file an international PCT Patent application for the PurePlay® Intellectual Property. It is expected that the PTC Patent Application will be lodged before the end of February 2014.

The second phase of the PurePlay® marketing drive has been developed and initiated. Potential customers, Investors and support institutions have been given full access to information and latest technical development. Marketing has progressed to such an extent and there is sufficient interest in  progressing  PurePlay® issuance that formal independent technical sign off on the PurePlay® Project is called for.

The new comprehensive website is in its final testing phase and is targeted to go live on 9 October 2013.