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Microcap & Penny Stocks : SourcingLink.net, Inc.

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To: gregory a weaver who wrote (58)3/13/1999 5:44:00 PM
From: Richard N Lambert  Read Replies (1) of 75
 
I would say it has much to do with this comment made in the management
discussion in the last quarterly filing.

RESULTS OF OPERATIONS FOR THE THREE MONTHS ENDED DECEMBER 31, 1998

The total network and consulting revenues of $253,108 for Q2 99 represent a 37% increase from total revenues of $185,195
for Q2 98. The Company's network revenues decreased by 16% to $155,086 for the second quarter of fiscal year 1999 ("Q2
99") as compared to $185,195 for the second quarter of fiscal year 1998 ("Q2 98"). This decrease is primarily attributed to the
Company's lower sales of its full Lotus Notes-based supplier stations and the related installation and monthly subscription fees.
The loss of these revenues has not been offset by revenues of Internet-based products. The Company's Internet revenues has
been slow in developing due to the lengthy sales and implementation cycles required for our retail clients to encourage their key
vendors to connect to the QCS Network and to provide the significant level of training to buyers and suppliers on the use and
benefits of the QCS.net Internet products.
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