The company has no business at this time and the only asset it has is Loan to PVT in the amount of $1,485,000.

Consequently we had no sales in the nine months ended December 31, 2007. Therefore, it is not meaningful to compare our results of operations to our prior year since our prior year's operations have been discontinued.

The company cancelled all issued and outstanding Options owned by its four directors.  The Agreement with PVT stipulated that all Options be either cancelled or exercised.  All directors chose to cancel their Options.