Bitech Technologies Corp (BTTC)

[MinookaDan]

The board has been a little quiet lately so I figure I will share my attempt at some projections.

Management has stated that they hope to have 6-7 centers open this year and a total of 10-14 centers open by 2012. So I tried to figure out how frequently they would need to open centers to meet those goals. Below is a link to a spreadsheet that shows three scenarios. The first is the most aggressive, 14 centers by 2012. The second is 12 centers and the last is the minimum 10 centers. For scenario 1 they would need to open a center every 55 days. Which is not unreasonable. There were 66 days between the opening of center 4 and center 5.

Scenarios 2 and 3 should be 70 and 90 days respectively. So based on those schedules I have put together some revenue projections in the Revenue tab. The first table shows my projections for the aggressive scenario (14 centers).

The projections assume $200K gross revenue per center per month (per the latest conference call). I also assume a discount of %48 for the net revenue. Then the Cost of Services are fixed at 25% or Net Revenue. And I have SG&A fixed at $300K.

Let me know what you think. Criticisms? Questions? Suggestions?

https://docs.google.com/spreadsheet/ccc?key=0ApRwZeTOBHbTdENwVTlnNnpENEJ1bFNpckw2bXpybHc&hl=en_US