Ann: Quarterly Activities and Appendix 4C, page-7

Hi,

I am a bit disappointed by the "receipts from customers". Only $200,000. This is about $100 per store or $33 per store per month.

This really requires an explanation.

Just the set-up fees for 200 stores in the March quarter should be $400,000. Even if the 2200 stores are only equipped with the camera it should be $50 x 3 x 2200 = $330,000.

Something is not adding up.

I still believe that when Ido says we break even at the end of the year or 1st quarter 2021 that we will do so but I still want to understand why the receipts are so bad.

K