http://vidlisting.com , http://bienesraicesvideo.com (spanish), and http://imoveisvideo.com (portuguese) as well as the entire ForSaleByLocals network of websites is pleased to announce that we have met our profitability goals for the month of June 2007. We have been close for some time.

In short, income directly related to real estate video for June will exceed total costs. This includes indirect non-real estate video related costs such as travel, administrative costs such as advertising, and spinning up a new office in Panama - we are only counting the revenues for production and hosting real estate video as well as providing narration for real estate video in alternative languages. 

This was a huge accomplishment for us and the entire team deserves credit. It also marks a key inflection point in establishing and proving a sustainable business model.