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million noncash writedown on the sale of its equitty interest in aradiology company. The West Allis-basec radiology software and systems providee said the charge is the resultg of the sale of its interesf in veterinary radiologycompany , as part of Eklin’s acquisitiohn by veterinary services provider (NASDAQ: WOOF). With Elkin'sz sale to VCA, Merge MRGE) will receive $1.4 million for its interest in but the majority of that will be recognized in thethirdr quarter. The charge, however, will be recognized in the second quarter, when Merge will also see $2.
2 million in non-recurring revenue as a resultg of a new reseller agreement the company reached with Elkin inJune that'as being reassigned to VCA. Merge now expects to post net incomre for the second quarterbetween $100,000 and compared with a net loss of $18.2 million a year ago. The companyt posted net income for the first quarter of 2009of $2.8 Excluding the noncash charge, operating incomew is expected to be $3.7 milliobn to $4.4 million, compared with a net loss of $18.3 millio a year ago. Revenue is now projected to be in the rangreof $15 million to $15.5 million, compared with $13.3 million a year ago.
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