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To: Richard Mazzarella who wrote (24199)	2/1/2000 11:39:00 PM
From: Jim Bishop	Read Replies (2) \| Respond to of 150070

You may be right about making money this year, I don't know. I haven't been able to come up with SPDV SB10 filing yet. Maybe they filed hard copy? But so far I think it's a pretty cool company, and with a big partner now. "About SpaceDev SpaceDev offers low cost commercial lunar, Mars and asteroid missions for sale as turnkey commercial products, a first for the industry. Also a first, SpaceDev offers fixed-price package delivery for science instruments and technology demonstrations into earth orbit, deep space and to other planetary bodies. SpaceDev designs and sells small, low-cost Earth-orbiting commercial or research satellites. The company is currently designing small, inexpensive orbital transfer vehicles (e.g. satellite inspectors and space tugs), and secondary payload micro-kick motors. SpaceDev has acquired hybrid sounding rocket, motor, and launch vehicle designs, and intellectual property rights produced by the former American Rocket Company (AMROC)."

To: Richard Mazzarella who wrote (24199)	2/2/2000 1:16:00 AM
From: Jim Bishop	Read Replies (1) \| Respond to of 150070

SPDV well I can't read the SB10 tonight, but they do have sales, and contracts........ "NET SALES Net sales, for the nine months ended September 30, 1999, consisted primarily of the sales for engineering technical services to various aerospace customers. Net sales were $634,145 for the nine months ending September 30, 1999 compared with sales of $1,083,096 for the same period in 1998 (41.5% reduction). This reduction in sales was a direct result of Integrated Space Systems' move from the Small Disadvantage Business classification after being acquired. This reclassification resulted in loss contract opportunities of approximately $500,000. However, during this period, contracts with seven new customers were initiated. Net sales are generated through either fixed price contracts or time and material contracts. Sales recognition for time and material contracts is recognized at time of work, while fixed price contracts are based on a percent completion basis. On November 1, 1999, SpaceDev entered into a $4,995,868 firm fixed price contract with the University of California at Berkeley. It is anticipated that net revenues will increase in the year 2000 with this contract award."