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Wednesday, June 03, 2009 9:22:33 AM
Our total revenues for calendar 2008 were $2.38 million, a decrease from 2007. This
decline in revenue was due to the selloff of an underperforming store. Although our
revenues decreased, we have positioned ourselves more effectively to take
advantage of acquiring distressed stores at significantly lower valuations, thus,
allowing us to achieve greater margins throughout 2009. In calendar 2007 and 2008,
we reported a net loss of ($597,975) and ($1,664,671) respectively and a net diluted
loss of ($0.03) per share.
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