MAGOR CORPORATION MGORF

Decent Quarter

[shawshank]

Decent reported quarter...judging from Mike Pascoes forward looking commentary in the outlook?

Should be some interesting IMO times ahead from an order procurement perspective as their large GO (government organizations) are working currently hand in hand with Magor on some beta trials for local and regional security measures domestically and state and border secutiry measures state side and border and country security issues for their channel customer (s) already utilizing Magors system...noticed the software side of the business case has started to show traction...won't be long before this thing is doing $5million revenues and turning a profit as scale comes in given the margins in software are very high if one looks at the breakdown...and the conversion to a more software and service revenue model vs hardware has really only begun a little while ago...a quarter or so to be exact.

The meeting the GOC (government of canada) standards requirements was big for MCC and we should see strong vertical market sale and service support on that end keep coming into the revenue model going forward...but its the state...southern states with that long unprotected border between themselves and Mexico...that to me holds a lot of lucrative promise.

Nice to see the Isreali's or is it the Saudi's? still one of Magors largest repeat clients.

FWIW think some form of a financing needs to occur shortly less Sir Terry Mathews continues to show his unwavering support for Magor going forward...afterall it was his creation and CEO Mike Pascoes creation Magor in the first place.

SS