Replies to post #10653 on World Surveillance Group Inc (fka WSGI)

[rocky301]

willsimon,

Sanswire is Gtel's subsidiary and all reporting of expenses (and hopefuly someday profits) go through GTELs financial statements. The expenses are listed under R&D for Sanswire...rock

[rocky301]

willsimon,

All of the info below from 10KSB...rock

"Research and development costs for 2004 in connection with our Sanswire project were $260,085. Since our acquisition of the Sanswire assets in April 2004, increasing amounts of time and resources are devoted to Sanswire, and time and resources are expected to continue increasing in the near team as our Stratellite project continues and expands."

"The results of operations Sanswire-FL for the year ended December 31, 2004, which are consolidated in the Company's results of operations, included expenses of $746,826 with no sales or costs of sales."

"The Company has provided amounts to or on behalf of Sanswire-FL in excess of the above amounts, including approximately $600,000 through December 31, 2004, and at total of approximately $1,000,000 through the date of this report."
http://www.pinksheets.com/quote/print_filings.jsp?url=%2Fredirect.asp%3Ffilename%3D0001144204%252D05...