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Just as your pulse is checked during a routine physical, free cash flow is used as an indicator of a company's health. It equals the cash brought in from operations minus the money needed to pay the bills. Think about leftover money in your checking account after you pay this month's bills.
Investors and analysts see this leftover money as a gauge of a company's ability to perform. It is available for transactions such as handing out dividends and working on new products.
Some argue free cash flow is wrongly overshadowed by the emphasis often placed on earnings. Earnings numbers can be manipulated and don't always tell the whole story -- and earnings don't mean much if there's nothing left over after a company pays its expenses. Even if you bring in a six-figure salary, but no money left after paying the bills, are you in great financial shape?
You don't have to be Einstein to figure out free cash flow. To calculate the number, subtract the company's expenditures and dividends from its operating cash flow.
If the free cash flow is written in red ink, it doesn't necessarily signal curtains. This is common for young companies looking to grow. It also could be a result of heavy investments, which in the long run could be worth a standing ovation.
Home / Markets / Industries / Technology
Monday, May 05, 2008
eLOT Receives Australian Patent for the Online Sales of Provincial Lottery Tickets; Could Boost Sales 15 Percent
Comtex
May 05, 2008 (Hugin via COMTEX News Network) ----Similar Patents Received From U.S., China and Canadian Governments
STAMFORD, Conn., May 5, 2008 (PRIME NEWSWIRE) -- eLOT, Inc. announced today it had received a patent from the Australian government for eLOTTERY's e-commerce system that will facilitate Internet sales of lottery tickets in the country's six States and two Mainland Territories with a screening and verification function on the Internet.
The company is a leading application service provider of Internet marketing, advertising and e-commerce technologies for government-operated lotteries that now include the United States, China, the provinces of Canada; and Australia with its population of 21 million.
Specifically, Australian Patent #2002336547 covers the eLOT system that 1.) Enables lottery administrators to receive player and ticket information; 2.) Screens and verifies that players satisfy State and Territory eligibility criteria; 3.) Stores player and ticket information; and 4.) Determines winning ticket numbers and notifies winners upon receipt of those numbers.
"We believe the economic climate in Australia's main population centers appears very favorable to expanding the sales and distribution of lottery products to the Internet," according to eLOT Chief Operating Officer Michael Yacenda. "Research we've done in the U.S. indicates that the on-line sale of lottery tickets using our Internet technology and knowledge of consumer e-marketing practices could boost ticket purchases by as much as 15 percent, and we feel a similar scenario is possible in Australia," he said.
eLOT Patent Specifics
The company and its eLOTTERY Inc. subsidiary (http://www.elottery.com) have received patents for Internet sales of lottery 'number' and instant games along with subscription services in the United States (U.S. patent #s 6,322,446, 6,383,078 and 6,869,358; China patent #01823772.X260658; and Canada patent #2,468,279.
Applications are filed and pending in Europe, Mexico and India.
CONTACT: eLOT, Inc. Mike Yacenda 203-461-8398
VJE Consultants Vic Emmanuel 914-305-5198
SOURCE: eLOT, Inc.
Copyright (c) 2008, HUGIN AS. All rights reserved.
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