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To: Richard N Lambert who wrote (160)12/23/1997 9:51:00 PM
From: Bob Davis  Respond to of 329
 
Rich,

Much of the info that you are requesting should be in the 8-K Report that the Company should be filing momentarily.

Bob Davis
The Napeague Letter
napeague.com



To: Richard N Lambert who wrote (160)12/25/1997 12:41:00 PM
From: pres/ceo  Respond to of 329
 
ok, tks for questions...since I am not an accountant I have to be careful....but as I understand purchase accounting...this is not a pooling of interest transaction...

therefore, we can only consolidate revenues and earnings going forward not looking back.

On a consolidated basis, I believe we will be close to $30 mil in revenues in 1998.

In 1997, DNA's unaudited statements show around 16 mil in revs and around 1 mil in income. Other historical data is somewhat irrelevant since this is a private company and operates differently than we will operate it.

best holiday wishes!

Glenn J. Walters