chairman's letter, page-8

Yep same old same old.

Future is bright, we are going to be a world leader, we have game changing technology.

Heard it for 8 years now.

Still no sales of anything.

I asked Alan at the latest special meeting ( he was on a phone hook up) when could we expect to sell a needle.Just one!! He assured me, and everyone in the room, they had already sold many of the 1 mil. He would not elaborate on how many or for how much. Yet we as shareholders have heard nothing and no reported revenues despite him promising of an announcement regarding the sales.

I have lost faith in Alan a long time ago, and really think Jim is out of his depth.

I continue to hold and hope that some of what they purport as the truth eventuates into some form of reality and a higher SP...the technology is great and will be great for humanity if it ever gets off the ground. ( i still recall the award it won about 7 years ago for this)

NJ