Replies to post #558 on Shearson Financial Network (fka SHSNQ)

[emulwa]

"The increase in income is related to an increase in net operating income of $992,000 related to the Company's acquisitions $2.7 million forgiveness of notes payable, offset by the $415,000 charged to debt discount expense and interest of $404,768 for the September 30, 2005 quarter."