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To: REW who wrote (33526)	8/15/1999 11:02:00 AM
From: Zeev Hed	Respond to of 44908

Robert, but I suggested a way to do that independent checking in a prior post, check the total volume of Schools generated charitable collections and their typical margins, and then postulate what percentage of this could be captured, how long will it take to get to that percentage and at what cost by TSIG. Some members of this thread have tried to find within their own district a single school that is going to use the MusiCard concept (if I was bashing the company, I would have used the term the NusiCard Concept<G>), so far we have not seen one. I remember the good old days when people where following Iomega's progress with the Zip, they actually followed weekly sales and counted inventories in stores, it might be quite interesting to see how many Schools are on board. After all the mailing was done in May, and you reported some 5000 (and sometimes 10,000) responses or "expression of interest", but so far, we have no actual proof of a single school that is going to use this approach. I would guess that by now, most charity drives are frozen in stone for the next six months. By now you should have at least 1% of the schools expressing interest agreeing to use the MusiCard, have you identified at least 10 of these, independently of, what I believe is hype, Gordon feeds you? Last, do not ask me to be positive about a company that so far has used every opportunity to do P&D with its stock and has robbed its security holders of some $30 MM (the accumulated deficit so far). Once they show progress in executing their plans, I may change my mind, but that time is not now. As for the distributors, the discussions here were that for their expenses they keep $5 of the $10 per card and the charity keeps $5. If the distributors prepay $1.5/card that will have a positive impact on cash flow, but not on P&L. We had a distributor posting here few months back, I wonder why he has withdrawn. He could clarity to this part of the exchange. Zeev

To: REW who wrote (33526)	8/15/1999 5:39:00 PM
From: cicak	Read Replies (1) \| Respond to of 44908

"For the six months ended June 30, 1999, as compared to the same period in 1998, revenues increased to $267,211 from $137,637, a 94 percent improvement; operating expenses decreased to $3,184,854 from $4,694,336, a 32 percent improvement; and the operating loss declined to $2,917,643 from $4,556,699, a 36 percent improvement. The results from discontinued operations were a net loss of $161,988 compared to a loss of $1,060,758 for the comparable period in 1998. Combined with the net gain on the disposal of the discontinued operation of $4,541,689, the overall combined net gain for the six-month period was $1,404,534." biz.yahoo.com