To: SnakeInATuxedo who wrote (1052 ) 1/8/2000 11:52:00 PM From: Jim Bishop Read Replies (1) | Respond to of 2182
MOOR interesting, the look, and the feel, and it makes a real word, and if Yahoo can be believed, a book value of .56. It took one hell of a ride about a month ago too, how did we miss that? Damn, we didn't we just didn't listen, to Lamboman when he posted this: Message 12133569 I think you've got something here.biz.yahoo.com "A. SIX MONTHS ENDED JUNE 30, 1999 VERSUS SIX MONTHS ENDED JUNE 30, 1998 Total revenues for the six months ended June 30, 1999 increased $1,537,519 or 123.2%, to $2,785,141 from $1,247,622 for the six months ended June 30, 1998, reflecting increases of $1,380,673 and $156,846, or 158.8% and 41.5%, in service revenue and equipment sales and maintenance revenue, respectively. Consistent with the Company's plan of operation to focus on recurring revenues by selling its commercial Specialized Mobile Radio ("SMR") service through independent dealers, the proportion of total revenues generated by service revenue increased to 80.8% for the six months ended June 30, 1999 from 69.7% for the six months ended June 30, 1998. In such business model, the local dealer rather than the Company sells, installs, and services the radio equipment and records the revenues and costs associated therewith while the Company receives the recurring revenue associated with the sale of airtime (service revenue). The Company anticipates that the proportion of total revenues from service revenue will continue to be the majority of the Compsny's revenue in future periods. However, the Company is currently exploring other revenue generating opportunities. These include the renting of equipment in conjunction with the sale of airtime, maintenance contracts and direct distribution in markets where the Company has determined indirect distribution is not beneficial. As of June 30, 1999 the Company has yet to recognize any material revenue from these opportunities."