The following is excerpted from the question-and-answer section of the transcript.
(Questions from industry analysts are provided in full, but answers are omitted - download the transcript to see the full question-and-answer session)
Question: Colin Gillis - TheStreet.com - Analyst
: Mike, can you talk a little bit about -- is the downturn causing local advertisers to review their existing spend and be more open to online
advertising? And, also, how does your strategy differ from a reach local?
Question: Colin Gillis - TheStreet.com - Analyst
: Nice job consolidating the brands in the quarter and boosting up the balance sheet.
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Question: Jon Hickman - MDB Capital Group - Analyst
: Do you care to give any guidance for, like, the coming whatever period of time?
Question: Jon Hickman - MDB Capital Group - Analyst
: So you're telling me that all the growth that's coming from Las Vegas is going to get chewed up by the decline in the LEC billing?
Question: Jon Hickman - MDB Capital Group - Analyst
: But you are growing --
Question: Jon Hickman - MDB Capital Group - Analyst
: Okay, so looking at your -- the balance sheet, didn't you say that you had like $2 million of unrecognized revenue from your Las Vegas
operations?
Question: Jon Hickman - MDB Capital Group - Analyst
: Yes.
Question: Jon Hickman - MDB Capital Group - Analyst
: And you can collect that over the next 12-month period; right?
Question: Jon Hickman - MDB Capital Group - Analyst
: So that deferred revenues will all be recognized over the course of the next few months?
Question: Jon Hickman - MDB Capital Group - Analyst
: So aren't you being like extremely conservative with those last comments you made?
Question: Jon Hickman - MDB Capital Group - Analyst
: I have a financial question. Could you tell me what the stock-based compensation expense was for the quarter, and for the whole year?
Question: Jon Hickman - MDB Capital Group - Analyst
: Yes.
Question: Jon Hickman - MDB Capital Group - Analyst
: That was Gary?
Question: Jon Hickman - MDB Capital Group - Analyst
: Okay, I guess that's it for me; thanks.
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