![](https://investorshub.advfn.com/uicon/90284.png?cb=1465037569)
Sunday, April 26, 2009 9:34:26 PM
• As of January 1st, 2009, the company is no longer in the “developmental stage”, and is fully engaged in marketing and sales of it’s product lines.(as per PR: http://ih.advfn.com/p.php?pid=nmona&cb=1238727222&article=29157967&symbol=NO%5EFTCH)
• Company projects $2 million in revenues for FY ’09. SAS sector is EXTREMELY profitable with gross margins averaging 80%. One of the best known SAS companies (CRM: Salesforce.com) has a 79% Gross margin rate!!
• Quote from the company : "With our burn rate being less than $10 thousand per month, the company foresees profitability by the second quarter of 2009." So one could estimate $120k in costs for FY’09, which would mean $ 1,880,000 in profits!
• PPS Valuation : $1,880,000/47 million OS = .04 x 20 P/E = .80 Price per Share Valuation!
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