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Re: None

Tuesday, 01/30/2007 9:50:11 AM

Tuesday, January 30, 2007 9:50:11 AM

Post# of 55
I sold out of my position this morning due to this information in the NT 10-K:

"In its Annual Report for Fiscal 2006, the Company anticipates reporting that its income (loss) from operations decreased from income of approximately $627,000 in Fiscal 2005 to a loss from operations of approximately ($510,000) in Fiscal 2006. Fiscal 2006 Income (loss) from operations was negatively affected by charges to cost of goods sold for the write-off of capitalized costs associated with non-performing proprietary products, and by expenditures for the expansion of the sales force, certain reorganization expenses and transaction expenses incurred in connection with the acquisition of Questar Educational Systems, Inc. The Company had net income of approximately $433,000 in Fiscal 2005 versus a net loss of approximately ($899,000) in Fiscal 2006. The Company had diluted earnings per share of $0.14 in Fiscal 2005 versus diluted earnings (loss) per share of approximately $(0.19) in Fiscal 2006."

I was shocked to see this info.

I may repurchase after the dust clears.

Mike

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