Revenue - $2,119,000Made up of:Services: $197,055 (Down from...

Revenue - $2,119,000

Made up of:

Services: $197,055 (Down from $495,542 in the corresponding period)

Hardware Sales: $332,549 (Big improvement)

Rights (Advertising): $1,296,000 (One off, These are exclusive rights to advertise on skynets network, that means worldwide. The question is, is it a million dollars for six months or is it a million dollars for a five year period)

Hardware Sales: $0 (Down $427,153)

Options: $279,365 (One off also)

Other Income: $14,467.

Issue of Ordinary Shares for Dec 2003 period: 64,267,421 for $3,948,839 cash (which they desperately needed)

Assts:

Goodwill: $1,305,952 (valuation questionable as it's not a hard asset)

Distribution Rights: $279,265

Property Plant and Equiptment: $500,000

Also net cash flow for the period was: -$321,021

Every six months a company releases a statement called a financial report, you should get you hands on one and look at pages 12 onward.

The comapnies on shaky ground still and Mr. Soons talk of 600% rises etc to mask reality are what puts me off SKG a little, I can see why he has made a big push worldwide as he needs to increase normal revenues quickly (before full year report).

I hope he can turn the company around as i'd like to see this company take off ($$$), but it's abit edge of the seat stuff.

Hope this helps.

Regards.