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To: JWC who wrote (36323)11/20/1999 9:30:00 PM
From: Suzanne Newsome  Read Replies (1) | Respond to of 44908
 
***Lifetime Learning Gross Revenue Projection***Assumes only organizational participation

DISCLAIMER The following projection contains conclusions that some may view in a positive or negative manner. This projection is based on statements from management, information from Lifetime Learning, conversations with school principals, and assumptions about how a population of students will perform in the future. The author has not verified any of this information. Some of this information is unverifiable. Due to the forward-looking nature of this projection, the conclusions drawn may be false. UNDER NO CIRCUMSTANCES SHOULD ANY INVESTOR BUY OR SELL TSIG STOCK BASED ON THIS PROJECTION

According to the 11/18/99 PR, 700 schools with an average enrollment of 845 students have registered to participate in the MyMusicCard fundraiser. No information is available on whether the registered schools are participating on a school-wide basis or an organizational basis (i.e. band). If we take into consideration that TSIG is the new kid on the fund-raising block with a new, unproved product, the prudent approach would be for a smaller organization to test the company. Thus the following assumes that all 700 schools participate on an organization basis.

For the schools participating on an organizational basis, I assume that the entire membership of the organization (100 students) sells 4 cards each. Summary is below.

*****Organizational participation*****
700 schools x 100 students in the band, club, etc is 70,000 students
all members sell 4 cards each (70,000 students x 4 cards/student = 280,000 cards)
TSIG receives revenues of $4.50 per card (280,000 cards x $4.50/card = $1,260,000)
Card revenue is $1.2 million

Invitation to Rebut The preceding information was posted for the purpose of stimulating debate and discussion. Your sincere comments on the assumptions made above are welcome.

Regards, Suzanne