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Re: carl_52fl post# 363

Friday, 04/04/2008 10:14:38 AM

Friday, April 04, 2008 10:14:38 AM

Post# of 2559
Carl, DRGP is expected to cross into profitability in 2008.

From the March 31st release:
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2008 Outlook

Based on current visibility, the Company expects to generate revenue of at least $40 million in 2008. This is a conservative estimate and does not reflect the Company's expectation for revenue generated from new products rolled out during the year.

Rice continued, "As a young public Company focused on building a strong growth platform for the future, we needed to make a number of investments in the business to accommodate our expectations and sustain our momentum. We added a number of very successful products, which resulted in increased inventory expense, while also focusing on maximizing revenue potential of our existing offerings. We were also successful in narrowing our operating loss for the fourth quarter and full-year, reflecting the success of many of our strategic initiatives. Based on my expectations for future growth, I am confident that we will reach profitability in the next year."
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