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"According to its latest 10-Q, a start page agreement with LookSmart (LOOK:Nasdaq - news) accounts for 24% of NZRO's revenues and is by far its highest margin revenue. That agreement is scheduled to end Feb. 15, 2001, and they say a cancellation of the agreement could "reduce revenues significantly." NZRO issued a press release on Jan. 23 touting their new "Best of the Net" start page that will be launched in mid-February.
It is obvious that LookSmart has cancelled the deal, and NZRO is waiting to deliver investors the bad news -- there goes 24% of NZRO's revenues!"