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Message: Re: Record Earnings!
2
May 18, 2008 12:32PM

Ronz,

I think its important to clarify the difference between revenues and earnings. THe Company actually lost money in 2007 as noted in the financial statements.

A considerable portion of the loss however was the "options expense" which importantly is a non cash item. This is discussed further in the MD&A

THe great news is that the company sold hundreds of thousands of dollars worth of product to end users. Its also important to note that the majority of the sales occurred in the last part of the year. I look forward to seeing positive news for the 1st quarter as well.

GLTA

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