Replies to post #581 on AIAdvertising Inc (AIAD)

[tedpeele]

Pretty good qtr, as revs went up over prior qtr by quite a bit.

Can someone explain why net income is reduced when they have a 1.8 million tax asset? I still don't get it. Without this accounting issue the net income would be much better.

NET INCOME

Inclusive of an accounting for a provision for income tax of($140,271), our consolidated net income was $42,080 for the three months ended December 31, 2008, as compared to a consolidated net income of $101,102 for the
three months ended December 31, 2007. Excluding the accounting for the income tax provision, the consolidated net income for the three months ended December 31, 2008 rose to $182,351.