World Surveillance Group Inc (fka WSGI)

[nerd86]

msturgeo from the Aug 6 2004 letter to shareholders.
Financial Goals - As I mentioned in past releases, we expected our first and second quarter growth in revenue to be flat as we focus our efforts and attention to developing, launching and supporting the new product initiatives of the company.

This doesn't mean that we have forgotten carrier sales. Late in the second quarter we started our relationship with a well established carrier group, Carrier Sales, Inc. We formed a company named Centerline Communications in which will draw from both parties' strengths. This initiative is already producing results as we expected.

Our carrier sales will grow significantly in the third quarter and be in full swing by the end of the fourth quarter 2004. Our fourth quarter revenue will grow to approximately $4M to $5M per month, which equates to a $48M to $60M annual run rate. The end of the first half of 2005 should see us grow to a $100M annual run rate.

The goal is to be a $250M company in 2006. Remember that these are goals, and we will devote all of our efforts to achieve them. As such, I will try to give our shareholders the most reasonable forward-looking picture possible.

It seems the three years began in 2004.