Wolf Energy Services Inc (WOEN)

[loveismyreligion]

$2,197,125 to $2,511,000 in sales predicted for 2011 =
(250 to 300% increase)
Here is my math; I believe I am very accurate;
I reverified my calculations:
$465,000 in sales for 2009
$465,000 x 1.35 (35% increase for 2010) = $627,750 2010 revenues
$627,750 x 1.50 (150% increase for 2011 in present backlog) = $941,625 (increase of 150%) + 627,750 (2010 revenues) =
$1,569,375 in 2011 (present order backlog for 2011)

Forecasted revenue increase for 2011 of 250% to 300% of 2010 revenues = an increase range of $1,569,375 to $1,883,250 in revenue generated this year that is then added to 2010 revenues
$627,750 + $1,569,375 = $2,197,125 (= 250% increase added to 2010)
$627,750 + $1,883,250 = $2,511,000 (= 300% increase added to 2010)

"We are forecasting a 250-300% increase in revenues for fiscal year 2011 as compared to 2010. In fact, our current order backlog is already 150% greater than our revenues for the entire 2010 fiscal year. With the forecasted increase in revenues, we expect margin expansion that will result in profitability in 2011." Alberto DiBella, President



Steve ([e-mail])