PowerLinx Inc (PWNX)

[gotinearly]

I like these items from 10Q...


"The company completed the transition to the new management team in the 2nd
quarter. We began the process of positioning the Company for significant sales
and profit growth. The main efforts focused on the basics of business with
emphasis on two key components: building the product; and selling the product.
In addition, we installed a new accounting system and implemented internal
accounting controls. We also initiated the development and implementation of a
budget process, which contributed in part to the -66.9% reduction in total
operating expenses for the 2nd quarter, and which produced an improvement of
+83.2% in net income from operations."

-------------------------------------------------

"Our Government Sales effort continues to evolve from our GSA listing, police
departments, and schools. We continue to move forward on negotiating and closing
a Taiwan contract for SecureView product. The closing of any Taiwan contract is
not expected until late 2002."