Upon effectiveness of the form 10-sb, LCS golf will be a fully reporting company. Once reporting, LCS golf will be required to file quarterly and annual reports with the Securities and Exchange Commission. As a result of our new focus, we have built a network and developed reseller relationships which collectively provides us to reach over 3 million self-directed individuals, who have given permission to receive promotional messages via email on specific categories of interest. Our current strategy is to focus our resources on our permission email business by continuing to build our network of subscribers and our customer base. We derive revenue by charging fees for sending permission email messages.
Revenue is recognized when emails are sent to subscribers.
Our customers are primarily e-commerce companies, interactive advertising agencies, golf and golf related companies. We deliver email messages to members of our Golf Promo Network, consisting of our own permission email list and those of our network partners, and permission email lists from third party list managers. We pay our network partners or third party list managers either a percentage of revenue derived from the delivery of email messages to members on the lists they provide or a fixed fee. Substantially all of our customers purchase our permission email services under short-term contracts. We expect to continue to derive a substantial majority of our revenues from short-term contracts.