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Non-Tech : ACLN Ltd (NASD:ACLNF)

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To: Frank McVerry who wrote (7)11/9/1999 2:57:00 PM
From: Frank McVerry   of 41
 
Revenue spread for ACLNF

The 1998 annual report for ACLNF which I
recently received in the mail, makes for some
interesting bedtime reading. ACLNF presently
has six sources for its revenue with Tunisia
its biggest customer - that being the first
country to be served by ACLNF and the country
of origin of its president, Aldo Labiad

First, looking at the big picture, ACLNF
revenues divide-up as follows (1998):

North Africa $38.3M
Middle East $11M
West Africa $32.6M

and on a country by country basis, the revenues
divide-up in the following percentages:

Tunisia 47.5%
Egypt 11.7%
Guinea 12.6%
Angola 14.6%
Nigeria 13%
Ivory Coast (just added in '99)

Good diversity of revenue sources is a sign
of strength for any company.

FWIW,
Frank
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