Replies to post #3934 on IBIZ Technology Corp (fka IBZT)

[Jim Bishop]

Sounds like they are actually planning on doing what they should have years ago, concentrate on what they have, cut expenses and actually try to make some money.

Unfortunately, historically they've failed miserably in that regard and the first 9 months of 2004 continued the losses.

Net product sales: $301,765
Cost of those sales: $361,328

Maintenance services: $20,548
Cost of those servies: $36,996

Now how the hell does one lose money on maintenance services? That is just bizarre.

Then of course there's all the other expenses, totalling about $11 million bucks.