Question-and-Answer Session
Operator
(Operator Instructions) Your first question comes from Mark Smith – Feltl & Company.
Mark Smith – Feltl & Company
Can you tell me where you are on mobile traffic network and also where you ran on expenses this quarter as kind of a good run rate to look at?
Scott Cody
We've certainly ramped up expenses in this quarter, as we've hired a number of extra staff to start completing some of the tasks that we're going to need to complete to get this project to market. We don't have a meaningful announcement that we can give you at this time regarding mobile other than to say that we're working very diligently on it and things are progressing, slow but progressing.
I think for modeling, I think the run rate is probably a reasonable number right now, obviously subject to change.
Mark Smith – Feltl & Company
Can you tell me, are there any significant contracts that are coming up over the next six months or so?
Scott Cody
I think we're pretty much locked down as we said on the call. We basically, our major contract in Canada and that is now down for four years. The other contracts that we've entered in Canada are fairly recent so they all have more than a year to go.
Australia, the two biggest are Austereo, ARN and Nova and all those are taken care of. Other ones are out there floating around but nothing is particularly material compared to that and we don't see any of the ones that are floating out there as being issues.
Mark Smith – Feltl & Company
Can you comment on your sell out rate trends during the quarter and also so far in January, if you're still seeing kind of a decline in that or how you're faring in Australia and in Canada.
Scott Cody
For the quarter, the sell outs increased again which we anticipate given the revenue growth, especially we went from 84% approximately 88% in Australia quarter to quarter and for Canada went from 47% to 69%.
William Yde
Getting back to the other, I think our sell out rates for the first six months of this year are higher than any we've ever had in the history of the company when you look at six months to six months for both countries.
Mark Smith – Feltl & Company
Can you give a feel for January?
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