We continue to make progress toward the signing of an AdSense Direct agreement with Google,
while also continuing to carry out trials with other Search vendors.
Operating expenses for the first quarter of 2008 were $5.2 million compared to $3.1 million
in the first quarter of 2007.
The increase derived in part from non-recurring reorganization expenses of $0.7 million: during
the first quarter, the Company streamlined the business around core activities, discontinuing projects
that have not met its revenues expectations. Costs associated with these efforts totaled
$0.7 million.
