EVCI Career Colleges Holding Corp. Message Board

Timf7 you are correct in pointing out the flaw in
my comparison between net revs v. student enrollment
figures, however, IMO,based on past student enrollment
figures v. net revs, there must have been a negative
student enrollment in order to drop $60K from net revs
for the past qtr. The financials, which are now
available (207 pages or 4 pages without contracts) and the
management's discussion/analysis do not reveal enrollment
figures for the past qtr. Like you, I believe this
information is critical in understanding the net rev
comparison. But for now, I don't understand the decreased net
rev reported.

I mention the contracts only as
a point of reference for the relationships that
EVCI has established. I agree with you that the
potential "per room" payoff could be large, yet it is
important to understand that most of the partners (with the
possible exception of WeMedia) have assumed little/no
financial risk in these contractual relationships
regardless of the type of cost involved (marketing v.
equipment). As you mentioned, I also don't know the cost of
installing the equipment and communication lines. IMO these
costs will vary depending on lease v. purchase of
equipment, type of communication lines available/installed
at a site, and whether a site will have a classroom
or individual computer stations. You will notice in
the contracts, that some of the customers appear to
have this latter option available. Finally, I mention
the contracts to fairly balance the cheerleaders on
this board who make subjective claims.

No,
timf7, you didn't miss the point, in fact you hit the
point dead center. I understand that the greater the
risk the greater the reward, and as an investor, I
sincerely hope that EVCI is handsomely rewarded. When I
finish reading the 207 page from 10QSB, I hope to have
more answers than questions.

I am truly sorry that you feel insulted by the
facts. Also, forgive me for not having the time to do
your due dilligence for you. The information is out
there and easily obtainable. Perhaps you should do some
before dazzling us with your brilliance.

I almost
forgot, raw raw raw.

Please show us the audited financials confirming
that: "...Bell Atlantic will spend millions of $$$
marketing EVCI. AtHome.com will spend millions of $$$
marketing EVCI. We Media will spend millions of $$$
marketing EVCI. ..." - if you're going to cheerlead, please
don't insult everyone with such dribble - do those
companies shareholders know this?

Once again dabuck, you have dazzled us with your
brilliance.

Bell Atlantic will spend millions of $$$
marketing EVCI. AtHome.com will spend millions of $$$
marketing EVCI. We Media will spend millions of $$$
marketing EVCI. I know those are small unheard of
companies, but if you try real hard you may be able to find
some information on them.

Yes EVCI is providing
equipment to the Universities and Corporate Customers. The
Universities are providing the content and back office support
for the students. The Corporate Customers are
promoting the courses and providing the students. These
seem like great relationships to me.

You are
right timf7, the potential payoffs could be very large.

Thanks for drawing attention to the contracts --
I missed these originally. EVC can take the
equipment out if there are less than 60 students (Based on
current revenues/regs that's about $344 per course).
Students usually work for about $6-7 hr. I don't see a
great deal of risk on EVC's part although I don't know
the installation cost of equipment. If the schools
are really promoting courses, it seems the potential
payoff could be very large for each room that is set up.
Am I missing something?

I believe the enrollment numbers were YTD showing
a large increase. Sequential Q-Q revenues were
down, probably becuase summer is usually a low period.
I did not see any Q-Q figures on enrollment. Anyone
have this data?

Smart1usa while you try to think of something
intelligent to post, dig this quote from the EVCI/Rochester
Schools contract:

"EVC shall provide all
telecommunications equipment necessary to provide access for EVC
courses to ITV/DL students at the four(4) Rochester
schools. EVC shall also be responsible for installing and
maintaining all appropriate telephone lines for its equipment
at the four(4)Rochester schools subject to the
review and prior approval of the Directors of Facilities
and Management Information Systems. The provision,
installation and maintenance of such equipment and lines shall
be at the sole expense of EVC. All
telecommunications costs shall be paid by EVC." On page 2, item 4b.
the contract states "EVC shall be responsible for
providing all marketing and other promotional materials,
subject to the review and approval of Rochester's
Superintendent." What you may ask is the role of the school in
marketing? Item 4c states "Rochester shall permit EVC to
conduct open houses and registration meetings at such
Rochester locations as may be mutually agreed upon..." Item
4d states "Rochester will enthusiastically cooperate
with EVC in promoting this EVC program to Rochester
Stakeholders."
In the Lockheed contract, in addition to the
above requirements, EVC "...shall compensate a student
coordinator (an LMC employee) who shall be trained in the
operation of the video conferencing room systems and
desktop computer video systems."
Heard enough about
relationships yet? You are quite right, from the sounds of
these contracts, there is no risk sharing. The ENTIRE
RISK is on EVCI! Thanks for helping me clarify my
understanding! I anxiously await your OBJECTIVE words of wisdom.

And I think you are an ass that spews subjective
bs on this board. But enough about your good
qualities. Address the question...share your OBJECTIVE
insights about the decreasing net revenue in light of
increasing student enrollment...share your OBJECTIVE
understanding of the relationships...show me in ANY EVCI
contract where a partner will spend MILLIONS to market the
EVCI product. I have read the CWE contract and
presented the FACTS from it. Try doing the same!

you have missed more than just the news/press release dabuckeye. Perhaps you should get a better understanding of EVCI's relationships before you share your wisdom.

Isn't it amazing that a company which has a "213%
increase" in student enrollment in 1999 can manage to trim
nearly $60,000 from net revenues during the 3 months
ending Sept 30 v. 3 months ending June 30? Even the
interest income is down 7 grand and its our money they are
investing. I don't understand where the student registration
fees are going. Has anyone seen the statement of cash
flows? Maybe it can help answer the question. I really
don't want to argue or disagree with you SS2000, but
the companies you speak of do not invest "millions"
to market EVCI. In fact, the contracts are
structured to place ALL the financial/marketing/set-up risk
on EVCI with MINIMUM RISK to the partner/company.
LOOK AT THE CONTRACTS! Just because a company puts a
EVCI produced flyer in their mailings to their
constituency doesn't mean it costs them more than a few cents
to stuff the envelope. Show me in any of the
contracts where these companies are putting "Millions" into
marketing EVCI's product. As a business owner, you should
understand this risk sharing arrangement. Did you mention a
"big splash in January?" I must have missed this
news/press release. Exactly what is going to happen in
January?