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Re: None

Monday, 08/14/2006 5:48:46 PM

Monday, August 14, 2006 5:48:46 PM

Post# of 157299
Bottom line! Financials are positive! first ever quarter profit is almost 2 %. The company meat & potatoes sector is executing! Cash not from funding, a milestone!!!

Our gross margin was $404,912 or 1.9% of total revenues for the current period.

On July 25, 2006 the Company announced that it had notified the AMEX of its decision to appeal the AMEX Staff Determination to de-list with the AMEX’s Listing Qualifications Panel. According to the AMEX Company Guide, a hearing will be scheduled, to the extent practicable, within 45 days of the Company’s appeal. The Company anticipates that its common stock will continue to trade on AMEX pending a decision by the Panel. (See Note 11)

NOTE 11 - SUBSEQUENT EVENTS


American Stock Exchange Listing


On July 19, 2006 the Company received a letter from the AMEX stating that it intended to de-list the Company's shares because the Company's press releases were "overly promotional", that the Company had not provided all requested documentation to AMEX pursuant to a request for information, and that the Company or its management had engaged in operations, which, in the opinion of the AMEX, are contrary to the public interest.


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On July 25, 2006 the Company announced that it had notified the AMEX of its decision to appeal the AMEX Staff Determination to de-list with the AMEX’s Listing Qualifications Panel. According to the AMEX Company Guide, a hearing will be scheduled, to the extent practicable, within 45 days of the Company’s appeal. The Company anticipates that its common stock will continue to trade on AMEX pending a decision by the Panel.

There can be no assurance that the Company will be successful in its efforts to remain on the AMEX, in which case the Company expects that its common stock would trade on the over-the-counter bulletin board.






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