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RandyKCMO

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Alias Born 09/20/2007

RandyKCMO

Re: None

Wednesday, 10/31/2007 11:23:51 PM

Wednesday, October 31, 2007 11:23:51 PM

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For the Quarter...a loss of $1,967,000. While their Modified EBITDA of $432,000 for Third Quarter...shows substantial improvement over previous quarters...we may be in the beginning stages of becoming a profitable company. What is clear is that the red ink continues to flow.

On the bright side they did do some financing and it have over $5 million in the bank...which means they should be solvent at least for the next year or two. It sounds like the financing is linked to the establishment of additional systems on the ground.
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