iPackets International Inc. (IPKL)

[Californicator]

Americano here it is. Alot$$$$$$
by the central Chinese government to spend $60 billion over the next five years on safety will have a direct impact on iPackets’ continued efforts in the mine-safety industry in China.

According to State Administration of Work Safety (SAWS) official, "the money will be spent in nine areas, ranging from coal mine accident prevention, checking for potential accidents, technological innovations and rescue efforts to enforcement of regulations and laws as well personnel training." During its August 31, 2006 meeting, SAWS laid the foundation for underground miner tracking system standards. The standards can be viewed on SAWS’ web site www.chinasafety.gov.cn (Chinese language only).

Recently the province of Shanxi, the largest coal mining province in China, passed a regulation that requires all coal mines in the province must install an underground miner monitoring and communication system. This is similar to the U.S. MINER Act of 2006 that was signed into law by President George Bush in June 2006.