text: On 15 June 2000 the Company announced that with effect from 1 July 2000 it acquired a 50% 
  
  interest in OIS MOC Joint Venture Pty Ltd, to be paid for by the issue of 800,000 Shares in the 
  
  Company. OIS MOC Joint Venture Pty Ltd owns the goodwill of a successful labour hire 
  
  company. That company is to be renamed Mermaid Labour and Management Limited (MLML). 