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From page 20,Revenue for IELM
REVENUES
Revenues were $3,776,639 for the fiscal year ended March 31, 2007, as compared to $4,550,092 for the year ended March 31, 2006. This decrease was due to customer attrition resulting from the fact that we did not employ a dedicated sales force. The addition of US Wireless Online as a customer starting in January 2007 helped temper the revenue decline. We plan to hire a sales force this year.