Kevin and all,
I found the shareholder letter to be an excellent "all around" update not only on the Sanswire side but the core business side as well. I am really please to see the following statements regarding our core business:
Our margins in the carrier business have grown substantially in the first quarter and this is what drives our prediction to reach profitability by the end of the second quarter.
Magic Money program is also reaching high. Our partners in Mexico, India, the Philippines and Latin America are well under way to creating a global stored value program anchored with MasterCard services that will change the way money is remitted and stored value programs are run.