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Gold/Mining/Energy : PYNG Technologies -- Ignore unavailable to you. Want to Upgrade?

To: Edward W. Richmond who wrote (4578)	9/13/1999 8:50:00 PM
From: Paul Loucks	Read Replies (1) \| Respond to of 8117

Sitting by quietly... It seems that Mr. Jacobs and company are starting to focus on sales/distribution and with good success. As people have already pointed out, the Canadian distribution deal represents around $630K US per year in revenues. Typically, companies expect the Canadian market to represent one tenth the US market (by the way, the population base of the US is about 10 times Canada). Therefore, Pyng could be announcing something as big as 6.3M US per year in revenue from the US distributor. Even half that number would make me a very happy shareholder. We may have finally seen the light at the end of the tunnel. Hope that the momentum continues to grow. The next set of questions for Pyng will be focused around revenue recognition. Does Pyng recognize $100 per unit sold and then represent the distribution cost as an expense item (Cost of Goods Sold)? Does Pyng recognize the $630,000 up-front because of the firm commitment or as the product is delivered? Etc. Paul L.