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Gold/Mining/Energy : BCB VOICE SYSTEMS INC. (c.BIV) -- Ignore unavailable to you. Want to Upgrade?

To: Mike Rogers who wrote (195)	7/10/1998 11:49:00 AM
From: D. Peter Vanderlee	Respond to of 440

Mike...those numbers are not our projections. We still have to get shareholder approval -- which we expect to get on or about August 17 -- before our deals with both FLV Fund and L&H can be formally "closed". That essentially means the working capital BCB needs doesn't actually take effect until almost the end of our 1998 fiscal year (ending Sept. 30). The projections in the Investor's Digest article are ambitious. Internally, we are forecasting C$2.5 million to C$3.0 million this year and approximately C$8million to C$10 million for FY 1999. A lot depends on how fast we can complete the integration of our technology with others such as L&H continuous speech software, PC DOCS document management software and CADI Court Case Management Software. The upside is the large courtroom and legislative systems projects we know are pending and on which we are bidding. However, these projects all are slow sales cycles and are often multi-year projects whose timing is easily impacted by political and other considerations. That makes the potential of this market harder to accurately forecast. Nonetheless, conservative or not, our goal is still to meet or exceed annual revenues of C$35 million by FY2002.

To: Mike Rogers who wrote (195)	7/14/1998 11:56:00 AM
From: J J	Respond to of 440

Mike, Remember, the projections you read in Investor's Digest are Speller's and not necessarily endorsed by ID, and more important, BCB. If you go way back in this thread you will see some postings re our confidence (read lack thereof) in Speller and, indeed the ID itself. Suffice it to say, I would take those projections with a HUGE grain of salt and rely more on BCB's projections (while obviously subjective, I for one do not believe there are hidden agendas here as might be in other unrelated "advisement"-type sources). P.S. I thought Peter's competitive analysis was excellent. JJ