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To: GARY P GROBBEL who wrote (19230)3/30/2004 1:06:13 PM
From: GARY P GROBBEL  Read Replies (1) | Respond to of 120405
 
IAIC .25/.30...10k...looks like rev will be up 50% or more...if more of that backlog gets funded could be a bigger year....10m shares out:

As of December 31, 2003, the Company estimated its backlog at approximately $23.4 million, of which over $3.7 million was funded. Of the entire backlog, the Company believes approximately 31% will be completed by December 31, 2004. This backlog consists of outstanding contracts and general commitments from current clients. The Company regularly provides services to certain clients on an as-needed basis without regard to a specific contract. General commitments represent those services which the Company anticipates providing to such clients during a twelve-month period.



To: GARY P GROBBEL who wrote (19230)3/30/2004 1:20:48 PM
From: Ted M  Read Replies (1) | Respond to of 120405
 
CMNN's 4th qtr rev was about equal to the first 3 qtrs combined in great part due to their increasing product sales at cologne.com and perfume.com. The 10k said that monthly revs for those sites were 70k in Jan & Feb of this year. That is 840k annualized, as compared to about 440k in 2003. This bodes well for continued revenue growth.

I'm not clear on the $1 million in domain name sales mentioned in the PR, since only 400k was received during the year. Perhaps the balance is to come?

ted