Enchanted World Inc. (ENCW): Well I met with the CEO of CIRT at my ho...

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J.C.N.

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J.C.N.

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Saturday, 02/16/2008 7:56:52 PM

Saturday, February 16, 2008 7:56:52 PM

Well I met with the CEO of CIRT at my home yesterday. He accomodated me due to a short illness I was dealing with.

He was very personable and forthcoming.

He needs money to further the goals of his company which is probably not news to past,present and future possible shareholders. Doesn't every company.

At present I have no position with this company. Please do your own DD and I am not responsible for sharing my DD and your investment choice.

He hopes to do a private placement and if possible cover the complete cash flow this way if possible.

The amount he wishes to raise is $1 million dollars and if he were to have to dilute the O/S to do it the O/S would have to increase from approx 133 million to 333 million (if) you based 200 million times a stock price of .005. Higher stock price would mean less shares.

It appears to me by the market price recently that the market has taken this into consideration as they know more about companies beforehand then most shareholders.

He felt if he is able to raise the money that it would allow the company to do what they need to become profitable with what they have planned in the pipeline.

With the private placement he feels confident will happen soon the increase in O/S would not need to happen. He is open if anyone wishes to be involved in a private placement as he has not yet received a signature from this prior private placement investor at this time.

He was at one time only going to do a private placement for 50% of the money and dilute for the rest but stated if possible he does not want to dilute at all.

He did feel the stock price based on what will happen and be PRed in the future is undervalued. We laughed when I told him every CEO feels that way.

I ask him what he felt projection wise on revenues and future earnings etc. but he would not share that as it would cause him to divulge things which are not public and he was not willing to do that and I was not interested unless I chose to sign a NDA in which I could not then share anything.

I know this is general information for the most part and official information will come by way of any PR's or public announcements.

We talked yesterday and he said he has a distributor in Canada, Turkey,Greece and some other countries but that presently he has many interested people who want to be distributors abroad and in the U.S. He is the only person distributing the bikes in the U.S. at present and thus they need money to build their network and distributors etc.

There are 5-6 employees including himself that are salesmen and or other functioning operations employees.

They have been on The View and Good Morning America in the past and he said sales from those two shows have been responsible for 35 bikes being sold and to this day he still receives email from all over the world due to those two promotions.

He said Stevel Segal has a bike in his bathroom which he said was common knowledge in Hollywood and that Steven's publicist had been to one of their shows in the past and hooked Steven up with a bike.

He was excited about things coming out and said that if he raises the 1 million which he was very confident in doing that they would be able to accomplish all their company goals that he has set up.

He says that any future distributors that are licensed when they have raised the money they need have to go through a 30 day class to learn to sell these bikes and do the things according to company protocol.

I ask if he was concerned in any way about competition and he said in the past there were two groups trying to sell these before his company received the licensing internationally and in the USA. A Florida and a Utah group.

He mentioned that the Florida group never sold a bike and that the group in Utah started out well but had little to no follow through and thus both failed.

He was very successful in bringing these bikes from the manufacturing site in Italy and he has sold many of the bikes.

He said the reason there is or will be no competition is the plan that the company has put together to sell the bikes which is unique. He did not go into detail.

He feels they have market exposure and now have the right market target but just need the money raised to really make this successful.

I ask why he could not sell the bikes and not have to raise money and he said they are not at a place of selling enough at present although he mentioned that they are near break even some months. They need that 1 million to accomplish making it a successful company and not looking back.

I ask him just now by phone if it was ok to divulge our conversation and he said no problem.

He said just now on the phone that projections would be out through a PR along with other company information but did not say when.

I did not mention this beforehand but in our conversation yesterday he mentioned that he had planned on having them on AMEX last month but obviously things did not work out. He said he has been in talks with AMEX and that when they raise the money by either private placement or by dilution to raise the 1 million they will meet AMEX requirements.

I ask him what was the worse case scenario to get on AMEX and he said 1 year. I ask best case scenario and he said 6 months.

If he does not do the private placement which he feels very confident in he said he would do 504's to raise money to reach the 1 million dollars. These 504's would not be restricted.

I am sure shareholders may not wish to hear about the possible dilution but to me he was as transparent and honest as he could possible be and was willing to have me share this with you.

Hope this helps.

Brent