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Technology Stocks : NetZero Inc-(NZRO) -- Ignore unavailable to you. Want to Upgrade?

To: Lucky888 who wrote (354)	12/7/1999 6:26:00 PM
From: Glenn Petersen	Read Replies (1) \| Respond to of 513

"...if this is true, all FREE isps are doomed." Don't tell PartyTime. LOL. The recently filed third quarter Form 10-Q makes for some interesting reading when reviewed in the context of the S-1. Final S-1 filed September 24, 1999 sec.gov OUR REVENUES WOULD SIGNIFICANTLY DECREASE IF WE LOSE KEY CUSTOMERS. A small number of customers have accounted for, and may in the future account for, a significant portion of our revenues. For example, we derived approximately 27% of our revenues for the year ended June 30, 1999 and approximately 34% of our revenues for the quarter ended June 30, 1999 from an agreement with LookSmart. We also derived approximately 26% of our revenues for the year ended June 30, 1999 and approximately 28% of our revenues for the quarter ended June 30, 1999 from an agreement with Adsmart. Our agreement with LookSmart will expire in April 2000 and our agreement with Adsmart will expire in February 2000. Our revenues will be materially and adversely affected if we are unable either to renew our material agreements or to replace such agreements with similar agreements with new customers. Form 10-Q filed November 15, 1999 sec.gov Adsmart notified us in November that our existing agreement with them will not be extended beyond the expiration date. We are in discussions with Adsmart regarding new terms for an ongoing business relationship; however, there is no assurance that we will enter into a new relationship with Adsmart or that any new relationship will be on terms as favorable as our existing agreement. Our revenues will be materially and adversely affected if we are unable either to renew our material agreements or to replace such agreements with similar agreements with new customers.