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Strategies & Market Trends : Anthony @ Equity Investigations, Dear Anthony, -- Ignore unavailable to you. Want to Upgrade?

To: StockDung who wrote (25190)	3/29/1999 9:16:00 PM
From: StockDung	Read Replies (2) \| Respond to of 122087

As previously disclosed, (CYOE) the Company has deferred recognition of approximately $2.5 million of this sale related to its equity interest in Crescent and amounts reserved for service contingencies. While the Company remains committed to Crescent's development and to delivering an additional approximately $16 million in equipment remaining under Crescent's network order, plus $9 million in services once Crescent's network is operational, it should be noted that Crescent's development is not within the Company's control and that such future sales and deliveries may or may not occur. Due diligence performed by the Company indicated that Crescent has letters of intent for more than 30 million minutes per month to international locations. The Company's future sales to Crescent will depend upon Crescent's ability to retain such minutes and to obtain additional commitments and translate those minutes and commitments into successful operations and cash flows. As with the initial delivery to Crescent, the Company does not intend to make any additional equipment deliveries without Crescent first obtaining third party financing, which has not yet been obtained.