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Microcap & Penny Stocks : IELSF-Flight to Fortune Or? -- Ignore unavailable to you. Want to Upgrade?

To: Juli who wrote (332)	8/1/1998 5:51:00 PM
From: Guildfin	Read Replies (1) \| Respond to of 520

My understanding is that games revenue at the time IEL purchased the UK Sega subsiduary was approximatley $20,000 per month. I have not seen any figures announced for the new contracts with American Airlines or China Airlines, or whether revenue has increased from the contracts held at time of purchase of the Sega Sub. However, l'll try and find out next week and post.

To: Juli who wrote (332)	8/10/1998 8:25:00 PM
From: Guildfin	Read Replies (1) \| Respond to of 520

Sorry Juli I haven't been able to get any info on profitablity on the games contracts. My guess on revenue is if 50 planes equiped with games brings in revenues of $20k then they just brought in another $10k with the last two contracts and I assume that any costs to maintain are loaded into the $350k a month burn rate. Zeev I have a question for you, I heard today that Nasdaq gives a company 1 year under a $1 before giving it the boot, can you confirm? Also I heard that Singapore has indicated to IEL management that they plan on equiping 20 planes with gaming by year end, can anyone confirm? Stevenson is apperantly working flat out on the stock.