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Post# of 353149
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Alias Born 05/10/2006

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Monday, 08/20/2007 8:34:46 PM

Monday, August 20, 2007 8:34:46 PM

Post# of 353149
TNSX: For the six months ended June 30, 2007, we generated $2,523,902 in revenues compared to $2,015,902 in revenues generated for the six months ended June 30, 2006, (an increase of $508,000 or 25%). The increase in revenues is due to an increase in installations of our software and/or hardware devices containing our software at the healthcare providers' locations in Brazil. Upon installation, we begin the processing of applications submitted by healthcare providers for approval of patients for healthcare services from the insurance carrier. We charge for these services on a per transaction basis. We undertook 4.25 million "real time" transactions during the six months ended June 30, 2007 compared to 3.75 million during the six months ended June 30, 2006.

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