KowaBunga! Inc fka KOW (KOW)

[bohemianclubman]

I'm not an accountant, but

Im my opinion, after reading the entire filing, this is the most important part:

PRE TAX PROFIT (LOSS) FROM CONTINUING OPERATIONS
--------------------------------------------------------------------------------
2005 2004
------------------------------------------- ---------------- -------------
Search engine enhancement $1,321,215 $1,034,372
Online Dating 409,224 0
Advertising 168,277 0
Software, Systems Development and Hosting (268) 0
Other (473,628) (74,903)
---------------- -------------
Total $1,424,820 $959,469
---------------- -------------



The net fully diluted pre-tax profit from the four operating units was 4.7 cents+. I'm not sure what the 473,628 deduction is, but guessing one time expenses stemming from the acquisitions. The company surpassed 10 million in quarterly sales, which I find amazing, and they had positive retained earnings for the first time. Looking ahead, setting aside one time expenses, and adding Primary Ads to the equation, the numbers are going to get much better. This continues to be a developing story, and I continue to be very happy with the picture that is shining through.