Primal Solutions, Inc. (PMSO)

[buffaloboy]

Losing 75% of Revenue Can't Be Good
Primal is losing Time Warner Cable it's number one customer representing 75% of its sales. They lost a major customer in 2005, Metrocall, but were able to survive with TWC growing. Not sure who they have to fill those Time Warner shoes. Does management have a plan?

Primal Solutions, Inc. (the "Company") has been informed by Time Warner Cable Information Services (Maine) LLC ("Time Warner") that Time Warner intends to reduce to zero the number of its subscribers under the Master Agreement, as amended with the Company. The Company and Time Warner are currently in discussions concerning the details of Time Warner's plans, as well as the extent and duration of transition services that may be provided by the Company to Time Warner. Revenues from Time Warner under the Master Agreement represented 65.7% of the Company's total revenues for the fiscal year ended December 31, 2007.