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Wednesday, April 26, 2006 10:19:29 AM
Sub count is GZFX revenue, so it must correlate and keep up with expenses.
f) Net Losses.
The Company had net losses of $1,588,948 and $675,704 for the quarters ended March 31, 2006 and 2005, respectively, an increase of $913,244 or approximately 135%. This increase is the result of the factors discussed above. The Company anticipates having recurring net losses during 2006.
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