Flying Magazine

“It was about, you know, total purchase price is about three and a half million when you look at. Cash and some deferred expenses and deferred payments. So it came out to about three and a half million dollars which, you know, seven times, five, you know, two a…”

“They were generating, on average, eight dollars in revenue per subscriber per year, and it cost them 15 dollars to fill that subscriber. They were losing, and have since, as far back as our data went, it's 2006, losing seven dollars per subscriber”

“So we, when we bought that, it was about a 108,000 subscribers. We actually, when we raised the price, we raised the 30 initially, it actually went down to 32,000 subscribers.”

“We had over 300 inbound inquiries on that one ad we took out in our own magazine.”

“I have not raised any, my father invested when he sold his trucking business last year. So he's my only outside investor other than the initial round. Everything was done by myself. And I was just using bank debt frankly, borrowing money from banks and liquida…”