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To: REW who wrote (20377)3/13/1999 10:15:00 PM
From: REW  Read Replies (3) of 44908
 
Lifetime Learning Systems potential revenues

The Lifetime Learning agreement places the Card product line in over 100,000 schools across the United States and will be made available to 50,000,000 students through Perfect Pitch instruction manuals. These manuals are being sent to the principals, heads of PTAS, and music directors early April.

The sales of the MusicCard and PhotoCard throughout the United States by the students as a fund raiser for the school system is expected to generate conservatively 7 million card sales and $200,000,000 in total revenue which includes the revenue expected from card uses. Easily over half of the card sales should come this year. RG expects half the revenue to be this year also placing the initial impact in the 4th qtr. These projected revenues are less than half what Lifetime Learning projects.

This project places the primary emphasis for sales directly at the primary music and photo market.
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