BIFS ... Patented Environmental Cleanup and Low Float Co. Message Board

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Technology Stocks : BIFS ... Patented Environmental Cleanup and Low Float Co.

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To: scion who wrote (325)	4/2/2001 9:08:58 PM
From: scion	Read Replies (1) of 381

In connection with development and construction of the wireless Internet access system, the Company has committed to purchase $1,182,375 in component parts used in the system. Through December 31, 2000, the Company has received and recorded $793,905 toward this purchase. Through February 2001, the Company has signed contracts to provide wireless Internet access services to approximately 2,400 hospitality and condominium units. Terms of these contracts require the Company provide the following: o High-speed wireless internet access at the facility; o Marketing materials; o 24-hour emergency response. These contracts range from three to five years in length. Revenues are based on daily user fees. Through December 31, 2000, costs incurred on installing wireless Internet services at these facilities and acquiring equipment required in this operation was approximately $1,066,135. For the twelve months ended December 31, 2000, there have been no significant revenues earned by the Company from wireless Internet activities. new.edgar-online.com

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