re: instos buying?/ nkarp
I think it is the time factor in this case. It took longer to get there than initially thought.
However, that is only an oncer IMHO; you could see deals quickening with the experience behind them. Also, while we are waiting, other interested parties are nearly simultaneously looking at prospective contracts:
I say that because that core list of 30 or so European sites was obtained within a relative short timespan and was produced on Sept 4.
Meanwhile new enquiries are continuiing and this list has now grown to 44 European sites: ______________
AGM, MD's address: "However, by country, current transactions under negotiation represent the following: 2 additional screens in Spain –(in addition to the Maremagnum sign). 6 screens in Germany; 4 screens in Scandinavia; 8 screens in Russia (this does not include the strategically important direct sale to Pepsi in Moscow) 2 screens in Greece – (giving us an opportunity during the Olympics); 4 screens for Turkey; and a further 20 others covering the Mega and non affiliate members throughout Europe". _________________
So, I expect much more business starting in the first quarter of next year and continuing.
They hope to debt finance the screens once the tempo increases.
From the MD: "The specific nature of these deals; actual locations, revenues and values cannot be released as yet for commercial reasons, but by example; the Berlin screen, expected to be operational in January, 2004, will be break even with only 15% of the available space sold".
