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LSI Industries, Inc. F3Q10 (Qtr End 03/31/10) Earnings Call Transcript

But the success of that program – as you remember in prior calls, the interest was what’s going to happen beyond that. And I am very proud to say that because of the success of that program we do now have an order to roll out or continue to roll out a number north of 3000 sites, not specifically understanding how many. There is obviously a little bit of a change based on franchisee contracts, but it’s going to be a little bit north of 3000. They are the non-petroleum sites. It is a combination of graphics and lighting. The revenue per site obviously is a little bit less than the petroleum at this point because there aren’t any canopies or canopy fixtures.

But the important note is the success of the program and as 7-Eleven acknowledged on this conference call to a number of their own folks that we were invited, as I said, to participate is that their energy savings has been extremely important and very successful, which obviously generated the continuation of their behalf to move forward on the existing sites.

We will be cranking that program basically up next month as we are preparing now and getting our production process in place to start the program. We will be involved with not only producing the product but also installing the product. So, at this particular juncture in the economy for us it’s extremely important and we are very pleased to have it.

Our international program is up and running with Fred now officially leaving. He is over in the Middle East right now and I am very pleased to say that with the initial start we have our first major order out of the Middle East for a rather large parking garage concept with approximately the first order covering about 1700 fixtures and that’s probably one of three phases. So, it isn’t the number as much it is the importance of starting to get our program in place for people to recognize our capabilities.

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