Julian,
Thanks for the reply. Ok, that makes sense and I believe the Nanao monitor I have supports both frequencies, 15khz and 24khz by moving a cable or two... I'm not positive on this, but I've searched around and read few posts mentioning this.
I also bought the kit on my own, without thinking of any other items or requirements I'd need, since most of the auctions had said you are able to upgrade the older versions too. I suppose I should have looked into this a bit more before spending a few hundred bucks.
cheers,
Roshan