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Re: Streetrod34 post# 3432

Saturday, 02/04/2006 1:00:37 PM

Saturday, February 04, 2006 1:00:37 PM

Post# of 29739
Every quarterly report that came out last year was considered a disappointment because as the reports came out it became obvious that we wouldn't make the revenue goal of $75 million. The net profit reported in the first and second quarter was less than the fourth quarter of 2004. The net profit in the third quarter was great, but was overshadowed by the revenue shortfall. The fourth quarter results could be the first time in a long time that results are better than expected and it could spark a turnaround. There is nothing better than results that beat expectations. One other point I wanted to mention is that I expect the audited results to be out on time this year. Last year they were changing accountants and it held everything up. Also, this year with a new CFO I think his main job for the first two months will be to work with the auditors to make sure the audit is completed on time.I still think the AMEX will want to see audited results before working out a deal with Phil.
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