reported total revenue of $868,000 for the second quarter 2001, down 30 per cent from the second quarter of 2000 of $1,233,000.

Barter revenue increased both in total dollars and as a percentage of revenue with Q2 2001 barter revenue of $309,000 representing 36 per cent of total revenue compared to $120,000 representing 10 per cent of revenue in Q2 2000.

The net loss for the quarter as compared with the same quarter of the prior year was reduced by $437,000 or 95 per cent. The net loss for the second quarter 2001 is $23,000, or $0.00 per share as compared to a net loss for the same quarter in the prior year of $460,000, or $0.22 per share.

The loss from operations for the quarter ended June 30, 2001 is $429,000 as compared to a loss of $1,095,000 for the quarter ended June 30, 2000, a reduction of $666,000 or 61 per cent.