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Non-Tech : Littlefield Corporation (LTFD)

LTFD 0.170

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Sep 29 11:29 AM EST

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To: ted w. kentzel who wrote (6292)	1/12/1998 9:24:00 AM
From: Joe Master	Read Replies (1) of 10368

Ted, You are right when you discuss the profitability of the Darlington machines ompared to the average, but our prior average revenues (and profits) were well above the state averages. Since a significant portion (50%) of the revenue is not reported as well as a significant portion of the cost. The revenue per machine is lower and the percentage of gross profit is significantly higher. Not all VGM are created equal and it really doesn't make too much sense to discuss profitabilty comparisons to last year when there are a few different types of machines and revenue streams. I.E. route machines, machines in our bingo facilities and machines in others facilities. One question I am not sure of. Do we own 100% of all the machines reported (700+) Joe

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