Superscape, developer of a range of technologies aimed at enhancing content for mobile internet devices, appears to be in a perpetual state of development. Over the past 4 years turnover has dropped, while losses have consistently widened. Its latest interims, to July, were no different. Sales slumped 62% to £510,000 and losses edged up to £4.9m (£4.6m). The management maintains that second-half revenues should be 'materially higher', and insists the company will begin to reap the rewards of its efforts in 2003. This assertion is supported by claims that around 50 non-disclosure agreements with well-known players in the mobile internet market have already been signed. The likes of ARM, Texas Instruments and Vodafone have already identified themselves as partners. But news that, having spent £4.3m in the first half (leaving £7m in the coffers), the company is seeking a further £6.5m to support its development is yet another concern. Superscape promises much but has so far delivered little. Investors should steer clear for the time being. Avoid.