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Non-Tech : NORE - High Tech Bingo Equipment - Online Bingo -- Ignore unavailable to you. Want to Upgrade?

To: Silicon Trader who wrote (190)	1/4/1998 8:57:00 PM
From: Ed Pettee	Read Replies (1) \| Respond to of 7701

Jeff- My intention was just to attempt to estimate the first 90 days revenue from the VLT project only, not the total company revenue includung the Bingo income. The reason for attempting this was that we had public info that could be used in making the first QTR estimate. Nov.13 -Press Release-We announce 105 machines to arrive this week. We also announced these are the first of 1300 for this year. We further state that we are projecting earnings of .27$ per share based on $12.0 million net revenue. Nov. 26-Press Release--We confirm that machines have arrived and are awaiting V-Land customs- Expect to be in full operation week of 12/20. Dec. 8th-Press Release --George returns from 5 day trip says everything is going great and machines will be installed by 12/15. Dec. 18th James Gagel issues his report and confirms 105 are being installed and 200 will be operational in January. Dec 29-30 George Zilba issues Presidents Report on the web site and announces a minor language translation problem was reported on 12/23 and should be corrected with the installation of new chips by this time --12/29///12/30. Jeff with that information it is possible to back into the annual announced number of .27$ per share, by estimating machine net revenues and the time frame for their implementation. I dont understand in your post why you can't confirm that 105 machines are being implemented now , since the last we were told was that they would be up and running about 12/29 after the problem was corrected. My intention is not to cause any undo grief but just to start to get a handle on the ist Qtrs part of the annual .27$ per share number.