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Pisd

07/30/15 9:48 AM

#19549 RE: Micheal Stocks #19548

Just to remind you the revenue forecast is for revenues from previous years, and in fact PSID does not have any current revenues or any products that would be attributable to year 2015. Most of this is from selling certain technologies to Boeing regarding MBand prototype a few years ago that has been accounted for on PSID balance sheet as "deferred revenue". GL

affirming our revenue guidance of $3-6 million for 2015