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Re: awk post# 53561

Monday, 09/20/2004 9:45:44 PM

Monday, September 20, 2004 9:45:44 PM

Post# of 249211
awk -

"...on a short term basis we think we can reach the point where the company gets to cash flow breakeven sometime in 2004."

[snip]

So, the company now has access to the resources that we need in order to operate. The recent exercise of options has brought in additional cash was something that really helped to strengthen our balance sheet. We continue to work towards strengthening the overall company, and the ultimate way to do that is to drive the revenue base so this company reaches a cash flow break even position. And we think that's very achievable in 2004."

Steven K. Sprague
CEO Wave Systems
August 14, 2003
2Q 2003 conference call
http://www.unclever.com


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