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Re: None

Wednesday, 07/23/2003 9:38:45 AM

Wednesday, July 23, 2003 9:38:45 AM

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Ran Furman ... " ... It`s important to emphasize that we have increased our revenue base substantially, while at the same time we have reduced our monthly cash operating expenses to approximately $225,000 from approximately $500,000 at the end of fiscal 2002. Further, we expect to drive our monthly expenses to under $200,000 before the end of the calendar year."

It looks like we just did.


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