So you didn't bother reading the very next sentence after your excerpt?

"Our revenues declined from approximately $10,310,000 for the fiscal year ended May 31, 2006 to approximately $639,000 for the fiscal year ended May 31, 2007. Our revenue amounts do not include approximately $27,848,000 and approximately $48,965,000 in income resulting from our investment in Phoenix Digital Solutions, LLC for the fiscal years ended May 31, 2006 and May 31, 2007, respectively."

Hope that helps..... And I do agree - it seems an accompanying PR would be appropriate. Maybe they're just waiting to cross that last "T" for the new BoD member, or some other event, before going to the expense of putting out a PR - multiple birds, one stone type deal. I certainly don't KNOW!

SGE