HITSGALORE.COM (HITT) Message Board

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Microcap & Penny Stocks : HITSGALORE.COM (HITT)

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To: Bill Ulrich who wrote (2888)	7/23/1999 11:48:00 AM
From: Q.	Read Replies (1) of 7056

Another interesting thing about the latest news release, which boasts about top-line growth, is that some unknown, but probably large, portion of that top-line growth is attributable to the non-cash revenues that they are recognizing from the local-city edition sales to LFT. LFT doesn't have to pay cash for a long time, but HITT is recognizing revenue as soon as it brings its LCE's online. Of course the LCE's don't amount to anything useful as a website, but that doesn't matter. We'll probably see more news releases like this one in upcoming quarters, as they recognize more of the $10 M non-cash revenues from LFT.

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