Primal Solutions, Inc. (PMSO)

[zenvesting]

The company hasn't issued any PR or made any filings about renewing the Time Warner contract yet that I see? It is a three year contract that was announced on 7/22/2003.

USA Mobility's contract wasn't renewed.....and it accounted for about half of PSOL's revenues last year. From the company's May 2005 annual report:
http://www.sec.gov/Archives/edgar/data/1124217/000110465905014322/a05-5883_110ksb.htm

For the three months ended March 31, 2005, we had two customers that accounted for greater than 10% of our total revenues in the amount of $1.1 million and $341,000, respectively. In the same period last year, we had one customer that accounted for greater than 10% of our total revenues in the amount of $1.1 million. As discussed elsewhere in this report, our largest customer notified us of its intention not to renew its license and services agreement with us upon its expiration in accordance with its terms at the end of December 2005. Based upon our conversations with this customer, it is our understanding that our customer’s election not to renew its agreement with us was a result of a previous significant investment by its merger partner in an existing billing system in place prior to the merger, and on which most of the combined company’s customers already reside. We expect to continue to maintain our historically cooperative working relationship with this customer and are in discussions to modify and extend our license and services agreement to meet some of the customer’s on-going need to access historical data.

I don't feel inclined to buy until the first quater's reeport is issued....and I'm sure the reality has dawned on everyone that USA Mobility accounted for about half of PSOL's 2005 revenue base.