Donations were up a little bit, but not enough to make up huge drop in affiliate revenue. All other sources of income were basically flat from the previous month. Affiliate revenue is going to continue to go down as my affiliate network goes through a period of change. However, in three to six months it should be a viable revenue source again.

July has started off poorly, but thankfully July 2001 will be forever known as "The month ND Changed forever." We have a lot planned to this. The final release of VQ-Java should be out by the 10th, and many more changes are on the way.

Total Revenue:	-4%	% Rvn
Ad Revenue:	+1%	81.2%
Affiliates:	-40%	10.5%
Shareware:	+16%	4.8%
Donations:	+23%	3.5%

Only 60% of bandwidth costs were covered. Cash reserves were depleted by 18%.

We still need your help, so why not check out our affiliates? Of course you can still donate directly. As of right now NetDragons.com still has 5 months to live.

Thanks,

Dave Wexler
vagabond@netdragons.com