"The private placement offers DBS, that is Development Bank of Singapore, Hong Kong has been provided IPO mandate by Tri-Way and the team has been working closely with them over the last few months in preparing the action plan for road shows schedule to begin next month. May 2017 simultaneously we have been engaging with other international bank security firms and international funds on this subject having garnered encouraging feedback from some of the potential initial investors indicating that we might begin securing initial private placement funding by July 2017."