otc, Re:GAMM.
The difference of $977,349 in net income for the six months ended June 30, 2005 compared to the net loss for the same period in 2004, can be attributed to the following areas:
Reduced depreciation and amortization (this includes amortization included in cost of sales and amortization
and depreciation included in expenses) $262,368
Reduced Salary Expense from increased capitalized
software development costs 268,890
Recovery of anticipated loss on internet
security services 116,942
Reduced legal and professional fees 103,424
Reduced administration wages and salaries 219,702
Other 6,023
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Total difference $977,349
They continue to reduce and control costs to keep expenses in line with revenues.
They anticipate maintaining profitability through the end of 2005.
The risk: One licensee accounted for 100% of consolidated net revenues for the six month period ending June 30, 2005.
Also the stock is not too liquid...
I submited an order at the open to buy @.26 (ask was .25),
but got nothing.
A QUITTER NEVER WINS AND A WINNER NEVER QUITS.