Gamm - OTC ..this outlook isnt so bad..
Outlook
Revenues for 2005 are expected to be the same or slightly higher in comparison to 2004 levels. We anticipate our growth coming from new licensees. During the six months ended June 30, 2005, we have not received any revenues from new licensees. In an effort to increase revenues, we have increased our sales and marketing budget for 2005 compared to our expenditures in 2004. We continue to target new geographic sales areas and through the services of an experienced and well known sales and marketing firm in Europe we expect to make headway in reaching this market.
In an effort to maintain and grow our revenues, we are looking at enhancing our product offerings through co-branding, and/or reselling other gaming products. During this reporting period, we released our wireless product offering in partnership with Phantom Fiber. Additionally, during 2004 and as planned in the first three quarters of 2005, we have and will continue to devote the majority of our software development efforts to our next generation platform, a new and dynamic interactive digital entertainment product referenced as Tyche. With the release of this new product, scheduled to occur in the fourth quarter of this year, we anticipate access to new opportunities as a result of the rich features and functionality of Tyche.
We continue to reduce and control costs to keep expenses in line with revenues. We anticipate maintaining our profitability through the end of 2005.