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Gold/Mining/Energy : Bridges.com (T.BIT) -- Ignore unavailable to you. Want to Upgrade?

To: keith massey who wrote (852)	4/21/1999 3:01:00 PM
From: Wade G.	Read Replies (2) \| Respond to of 1249

Keith, You have to add the revenues from the sites that renew their subscriptions. They have a 90% re-subscription rate which costs them very little in terms of additional expenses and adds tremendously to their earnings cheers Wade.

To: keith massey who wrote (852)	4/21/1999 3:50:00 PM
From: rustico	Respond to of 1249

I think you are looking only at new revenue here Keith. I wonder if existing contracts are paid for entirely up front. It would make more sense if these existing contracts paid an up front fee followed by a monthly subscription charge. On top of that you have renewals (90%). It's a good question though. As good as major contracts, such as the Ontario deal, are for the company, if they aren't renewed they will impact substantially on revenue. The Ontario contract renewal also will impact expenses as renewals will require sales efforts with individual school boards throughout the province rather than dealing just with the ministry. I am long.