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Yes, Phase A - Lab Test (a little over $1M) will be recognized in 6 mos. Phase B (I believe near $1.5M) will be one with which we have to work with accountants. It has a 12-18 mo product delivery timeline (scheduled for 12 starting after Phase A, but could be concurrent with Phase A in some respects) - all depends upon the readiness of the client to deploy the product in their environment.

J. Brent Williams
CEO
Araxid, Inc.
+1 (703) 963-7209
brent.williams@araxid.com
www.araxid.com
-----------------------------------------------
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On May 4, 2013, at 9:54 PM, John DeLoche <jdeloche@rosemontseneca.com> wrote:

> Brent,
>
> That is fantastic news and congratulations to you and the entire team!
>
> Is this revenue that will be recognized in 2013?
>
> Enjoy the weekend!
>
> John
>
> On Sat, May 4, 2013 at 2:25 PM, Williams, J. Brent <brent.williams@araxid.com> wrote:
> Rosemont Seneca Team,
>
> Just wanted you all to have a bit of good news thrown in your direction. This is the $2.5M+ JITC deal to test our IXP protocol and pilot all of our products for DoD, VA, and commercial healthcare interoperability.
>
> This is very exciting, and we look forward to sharing this venture with you.
>
> Best regards and enjoy the weekend,
> Brent
>
> ---------- Forwarded message ----------
> From: J. Brent Williams <brent.williams@araxid.com>
> Date: Sat, May 4, 2013 at 2:10 PM
> Subject: Congrats Again
> To: "araxid@araxid.com" <araxid@araxid.com>
>
>
> Team,
>
> I just wanted to let everybody know about another great success for
> our company. Michelle received notice this morning from the fine
> contractor that we have been awarded the Pacific JITC deal.
>
> This has been a particularly complex deal and has involved a lot of
> people in the company under Michelle's leadership. Special thanks to
> Michelle for the complex set of relationships it took to get this deal
> done. Also hearty recognition for Ron and Re l for all of their
> work to keep the procurement on track legally and ethically.
>
> Additionally, we need to pay special thanks to the data, software, and
> infrastructure team who has done so well getting us to where we are
> with our client. They will now bear a heavy brunt of responsibility on
> delivering the new capabilities that we will be testing in Hawaii.
> This burden falls particularly on Dennis Tackett as he has been doing
> a great job on developing the protocol that will revolutionize the
> healthcare industry and trusted record information sharing from the
> ground up.
>
> Everybody, and I mean everybody, deserves credit for this success.
> Thanks so much for your hard work. We have more wins coming down the
> pike soon. Lots of exciting events transpiring, and I am excited
> about the quality of the team and the individuals with which we have
> started this adventure.
>
> Keep up the great work, Brent
>
> J. Brent Williams
> CEO
> Araxid, Inc.
> (703) 963-7209 - mobile
> brent.williams@araxid.com
> www.araxid.com
>
> Sent from my mobile device. Please forgive my thick fingers,
> autocorrect, and poor voice transcription. I am probably driving at
> the same time, and I have no idea what actually showed up.
>
> -----------------------------------------------
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>
>
> --
> J. Brent Williams
> CEO
> Araxid, Inc.
> +1 (703) 963-7209 (M)
> brent.williams@araxid.com
> www.araxid.com
> -----------------------------------------------
> The information is intended solely for the individual or entity named above and access by anyone else is unauthorized. If you are not the intended recipient, any disclosure, copying, distribution, or use of the contents of this information is prohibited and may be unlawful. If you have received this electronic transmission in error, please reply immediately to the sender that you have received the message in error, and delete it. Thank you.
>
>
>
> --
> John DeLoche
> Managing Director
> Rosemont Seneca Technology Partners
> One Market, Spear Tower, 36th Floor
> San Francisco, CA 94105
> office: 415 293 8147
> mobile: 415 793 7070
>
> This email communication is privileged and confidential and is intended only for the individuals or entities named above. Any unauthorized dissemination of any of the contents of this email is strictly prohibited. If you are not the intended recipient, please do not read, copy, use or disclose to others the contents of this communication. Please notify the sender that you have received this e-mail in error and then delete the e-mail.
>