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Gold/Mining/Energy : SureFire Commerce Inc. (T.MTP) -- Ignore unavailable to you. Want to Upgrade?

To: Chris K. who wrote (416)	9/29/1999 7:56:00 PM
From: Greg R	Respond to of 669

The 175,000 transactions is the current volume rate. It is their projections that place it at $12,000,000 "annualized" revenue. Actual revenue rate would therefore be less. Dividing one # by the other gives a value of $ 0.68 per transaction. Debit card transactions for example only generate around $0.11 per transactions for the processor. I know things are growing fast, but that is quite a growth rate. The $200,000,000 is a meaningless #. It is the retail value of the transactions. The average retail value of a debit transaction is around $50. That puts the volume at 4,000,000 which is nothing revenue wise and certainly profit wise. Potential yes. Immediate improvement to the bottom line? I don't see it. Then there is the dilution of all those shares being issued.