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rduke

04/27/07 2:17 PM

#501 RE: express40 #500

That's a tough one to answer, since they haven't reported any news since January. They haven't reported any of their financials since 2nd quarter last year. When they didn't report 3rd quarter results, they lost their listing on the OTC and trade on Pink Sheets now. They're running on a core staff of 10 employees and working on the system integration projects with Red Sky IT and Vertical Group, two leading suppliers of Travel Agent software, to link their systems to the Onelink booking/settlement engine. Those projects are slated to complete by end of June. They are bringing in some undisclosed level of income from transaction fees generated by the CCRA Booking Portal, and still have some undisclosed amount of debt on the books after the sale of Reservation Center/CCRA and The Call Center late last year. They authorized 4 million shares to use as compensation for employees.

That's about all I know. I still think that they have a bright future once they get the two British customers up and running. I'm hoping that will allow them to become cashflow-positive this year, and able to reduce their debt.