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bodreaux

11/27/05 1:18 AM

#44077 RE: mikeisme #43974

Yahoo shows nothing under non-recurring expenses which is what I was basing it on. Were the consultants expensed? If so, why weren't they under non-recurring? I will check other sources of financials to see if the Yahoo numbers were miscategorized. But that's where the numbers came from.
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bodreaux

11/27/05 1:41 AM

#44088 RE: mikeisme #43974

Sorry Mikeisme but I respectfully disagree. My numbers came from the last quarterly and per the SEC filings under consultants they will continue. Where are you getting "90-95%" were non-recurring in the lastest quarterly numbers? I think you are referring to 2004, not Q3 2005.

(e) Consulting and Professional Fees.
The Company reported consulting and professional fees of $454,122 and $1,059,005 for the three and nine months ended September 30, 2005,respectively, compared to $2,586,141 and $5,126,858 for the same periods in prior year, respectively, decreases of $1,837,127 and $4,067,853 or approximately 71% and 79%, respectively. Consulting and professional fees in 2004 were primarily related to hiring of business
consultants to develop our business model for the launching of the DVD and video game rental business that approximate 88% of overall consulting and professional fees. Accordingly, we will continue to incur consulting and professional fees but not at such levels as in prior periods. We believe that the current level of consulting and professional fees will tend to fluctuate by about 25% in next twelve
months based upon current levels.