Ann: Change in substantial holding, page-44

Hi mick,

The GDOT had to write new specs for EdenCrete as they didn’t have any existing ones that covered it sufficiently. Unfortunately once this task was passed on down from high up, it lost priority and got bogged down in the usual day to day activities.

The potential orders from Marta, the waterpark, the prefab company etc. are as far as I know still in the pipeline. Please do not forget that it is winter in the US, which this year has been brutal. The Marta also have funding issues to contend with.

I do not believe that the emergence of the new improved edencrete cannibalises any sales of "old" edencrete. On the contrary, the new EdenCrete makes the arguments even more stronger for using EdenCrete. Sales haven’t stopped dead in their tracks, they are just getting started!

When the class A approval, both lab and field tests, are successfully completed this means that the DOT’s can start approving EdenCrete for Class A applications. As is currently the case, each DOT then has to decide whether they want to do additional testing. I personally believe that some will but a lot won’t. I can imagine therefore that there could well be some Class A sales early in the second half of the year. The Class A approval will be IMVHO a game changer and could well lead to a flood of orders, particularly in view of the fact that winter in the US will be well and truly over.

I hope this helps answer some of your questions?

Best regards!

Mark