PowerLinx Inc (PWNX)

[Francois+Goelo]

¶ Proxime, SEVU confuses "SALES" with "REVENUE...

SeaView Reports Sales +52%, Net Income +88.4% in Q2

http://biz.yahoo.com/bw/010816/162352.html

Revenue for June Quarter 2000 was $335,120 and Revenue for 2000 was $509,289, or 52% higher... SEVU purposedly, in my view, avoided to point out that in the broader and more accurate picture, the 6 months ended June, SEVU made $50,000 more in the 2000 period, resulting in GROSSLY misleading reporting:

Revenue for 6 months ended 30 June 2000: $756,188

Revenue for 6 months ended 30 June 2001: $706,471

I cannot recall seeing a company, solely point out figures that make them look good, while ignoring those not so pretty, when reporting Financial results published in their 10Q...

SEVU LOST $91,703 in June 2001, as compared to LOSING $790,160 for the June 2000 Quarter, so talking about a Net income improvement of 88.4% - I can't even figure the percentage used - is completely ABERRANT and DISHONEST, in my view...

Even the 10Q says it: Net (Loss) Income: $ (91,703)... The figures are in Bracket and the word "LOSS" should be employed instead of the word "Income"... The correct way to write it in the PR would be: Net LOSS was reduced by xx%....

http://www.tenkwizard.com/filing.php?repo=tenk&ipage=1478904&doc=1&total=2&back=2&am...

I doubt very much that any reputable Attorney Firm would sign off on such a Misleading PR, that appears to be so on purpose... So, I am done believing anything coming out of SEVU again....

Gotinearly, any comments?...

Just my Honest Opinion....