OkayCardia has regularly indicated (in its Investor...

Okay

Cardia has regularly indicated (in its Investor presentations) the massive potential and opportunities in Brazil - without checking and from memory, the revenue potential was even greater than China, more than likely, driven by the hosting of the World Cup and The Olympics in Brazil.

So we have heard absolutely nothing about the great hope that is Brazil. All I recall is that Cardia have an agent there. Well hopefully that agent has been beavering away cueing up all the opportunities ready to close deals, especially with the planning for the World Cup and Olympics well and truly underway...

In that vein, here is a detailed reference to the Rio 2016 Sustainability Management Plan and the associated document:

http://www.rio2016.org/en/sustainability

http://www.rio2016.com/sites/default/files/parceiros/sustainability_management_plan_aug2013.pdf

Note Page 54

"Waste management is, without a doubt, one of the most visible elements of a sustainability programme. Rio 2016™
recognises the potential of the Games in demonstrating that appropriate waste management, from planning to legacy, generates concrete benefits, both financial as well as environmental.

An event as large as the Games, especially one with such
enormous repercussions, represents a unique opportunity
to implement systems, improve infrastructure and establish
operating standards that make it possible to reduce the
quantity of waste generated and maximise reutilisation and
recycling techniques.

Another priority is to use educational, cultural and
communication opportunities with the public to foster lifestyles that generate low waste production, offering incentives for the adoption of selective waste collection and recycling procedures.

The following hierarchy, organised by order of environmental
preference, is an assumption for waste management at the Games:
•Reduce
•Reutilise
•Recycle and/or earmark for composting, creating
opportunities to generate income for waste pickers
•Use new energy recovery techniques
•Send to a waste treatment facility
•Conventional incineration

To guarantee the success of the implementation of these
assumptions, minimisation, reuse and recycling criteria
have been defined by Rio 2016™, as of the initial moments of
planning, for the acquisition of the waste generating areas. For example, packaging and utensils used for meal services will be based on defined criteria that facilitate waste generation reduction and recycling. The Games’ ‘look and feel’ materials portfolio will also be in line with recycling and reutilisation principles.

Rio 2016™ is preparing a waste management model plan that
will establish the strategies for the segregation, management and logistics involved in the transportation of waste from the Olympic and Paralympic venues. This document will serve as the basis for the preparation of individual plans per venue.

Measurable reuse and recycling targets shall be established and widely disseminated upon the publication of the next version of this Sustainability Management Plan.

Key performance indicators: Total weight of waste, by disposal type and method, Weight of waste transported, exported or treated considered to be dangerous under the Basle Convention — Appendices I, II, III and VIII, Percentage of shipments of waste transported internationally


5.4.4 responsible management and treatment of solid
corporate office waste

Responsible: Rio 2016™

Rio 2016™ uses the same waste reduction, reuse and recycling
assumptions for its offices as established for overall Games
operations. The waste management programme for the Rio
2016™ headquarters conforms to current environmental
legislation and seeks to apply the best alternatives for disposing of waste based on NBR 10004.

Performance indicators: Total weight of waste, by disposal type and method, Weight of waste transported, exported or treated considered to be dangerous under the Basle Convention — Appendices I, II, III and VIII, Percentage of shipments of waste transported internationally."

...Note - Further in the Annexures (Page 95)

"Vendors, sponsors and licensees must ensure that contracted products and services are produced and marketed in a manner that minimises impacts on the environment.

Emission of greenhouse gases
Rio 2016™ aims to minimise and offset emissions of carbon dioxide and other greenhouse gases (GHG). Accordingly, efficient emissions management by suppliers in their production and distribution operations will be an important competitive advantage, both technical and commercial, as emissions compensation costs will be incorporated into analyses of the total cost of purchasing products and/or services.

The criteria to be considered in the measurement of GHG, as well as the procurement categories for which such measurement will be mandatory, will be announced at a later date.

Hazardous materials
Suppliers should avoid the use or supply of products that require, in their production, distribution or disposal, the use of materials harmful to humans or the environment.
Rio 2016™ will disclose, in a timely fashion, a report regarding harmful materials and substances whose use is restricted or prohibited.

Packaging
Among its main objectives, Rio 2016™ is concerned with the treatment and recycling of waste generated during the preparation and operation of the Games, with the goal of reducing the amount of waste to be sent directly to sanitary landfills. To achieve this, it is essential to optimise the use of packaging.

The use of primary, secondary and tertiary packaging must comply with the guidelines set forth in the Brazilian National Policy on Solid Waste (PNRS), which establishes the following hierarchy of actions in the management of materials and packaging – avoid, reduce, reuse, recycle and, finally, treatment of solid wastes and appropriate final disposal of wastes.

The manufacture of packaging must strive to satisfy sustainable design (EcoDesign) guidelines, whose aim is to minimise the use of materials and their environmental impacts in distribution and disposal phases. It is preferred that all packaging be produced according to ISO 14062 (Integration of Environmental Aspects into Product Design and Development).

Packaging must be made from recyclable materials and, where possible, recycled materials. Adoption of Type II Environmental Labelling (self-declarations), in accordance with ISO 14021, is mandatory, such that the best way to deal with packaging after use will always be clearly
displayed. Adoption of Type I Environmental Labelling (green seals) is preferred. Any exception to these rules must be justified, in advance, by the supplier or licensee, and approved by Rio 2016™.

Pursuant to the PNRS, suppliers must perform integrated waste management by means of reverse logistics. Thus, whenever requested by Rio 2016™, suppliers, sponsors and licensees must collect packaging for treatment and recycling, bearing all involved costs. Initially, Rio 2016™
intends to invoke this prerogative only for packaging not conforming to established norms or that require unconventional treatment for recycling.

Upon request, suppliers, sponsors and licensees must provide Rio 2016™ with all necessary information relating to primary, secondary or tertiary packaging used or supplied.

Rio 2016™ will release a guide specifically addressing packaging to guide suppliers in the adoption of the guidelines above."

...Note - Finally Procurement (on page 100)

"Adopting requirements of the procurements process

Sustainability requirements will be considered in all procurement processes for goods and services, suppliers, sponsors and licensees. Rio 2016™ will always provide information whenever a requirement that is not described in this guide as mandatory will be considered as such for any
particular process.

Rio 2016™ encourages all potential suppliers, sponsors and licensees who have not yet done so, to start implementing the requirements described herein in their production processes and business practices. In this way, it will be possible to develop internal processes to become more efficient, competitive and able to add significantly to the Rio 2016™ value chain and the market as a whole, as well as become able to participate in the procurement process when such moments arise.

Questions regarding procurement processes may be answered through the Rio 2016™ Suppliers Manual or the rules set forth in the documents for the different procurement processes.

Certifications and evidence of meeting the requirements will be required and monitored at various moments.

Classification and monitoring

Rio 2016™ will examine the degree to which suppliers, sponsors and licensees are able to satisfy sustainability requirements through two types of classification:

•Selection of new suppliers, sponsors or licensees: sustainability criteria will be considered as one of the dimensions of the decision-making process, lending support to analyses of costs, impacts and benefits for each procurement. After such analysis, companies will be graded on a sustainability scale.

•Monitoring performance and development: contracted suppliers, sponsors and licensees must commit to a development plan with objective goals for constant progress in keeping with the Rio 2016™ sustainability scale."

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Well CNN Management - time to pony up - no hiding under a rock on this one. Are we part of the upcoming Brazil Show or not? Has our Brazil Agent done all the legwork, or has he failed to deliver.

Time is fast running out.

Time for an update, particularly on Brazil, particularly considering we are likely to have anticipated World Cup and Olympics related business.

If there is business to be had, one would expect it to be big. The fact that we have heard not a peep about Brazil has me extremely skeptical.