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Re: milo3 post# 11970

Friday, 02/20/2009 12:29:24 AM

Friday, February 20, 2009 12:29:24 AM

Post# of 17370
Revenues

Revenues for the three-month periods ended September 30, 2008 and 2007 were $1,292,472 and $1,352,671, respectively. The decrease in revenues is principally due to the inclusion in third quarter 2007 revenues of approximately $208,000 in collections on accounts previously written off. Adjusted for this $208,000 in revenues, third quarter 2008 revenues increased over third quarter 2007 revenues, primarily because of revenues from our Wyoming operations acquired during the fourth quarter of 2007. This increase is despite the expiration of a particular client’s account agreement amounting to approximately $400,000 per quarter. We are currently in negotiations to resume services to this client, and we anticipate that revenues from this client may resume in some amount in the first quarter of 2009.

http://www.sec.gov/Archives/edgar/data/1426567/000134506708000045/form10q.htm

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