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golfman8042

06/30/04 12:37 PM

#433 RE: hurley cruppers #432

Purple,

From what I understand, the ENC program is continuing to progress and that a PR updating us on some of the specifics should be coming out soon. Frankly, I expected a PR today. FLCR is promoting this program and the MyClubCard program aggressively. My main concern here is revenues. Fargofern (Locus) has warned us that auto dealers are notorious for being slow with their payments, so I am a bit apprehensive about the 2Q report. Even if the payments are slow in arriving, hopefully between now and the August report we will receive sufficient forward guidance to have a relatively clear picture.