CurAegis Technologies Inc (fka CRGS)

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Dear Shareholder,



The purpose of this CEO update is to report on our progress on the MyCadian/CURA and Aegis technologies.



MyCadian/CURA:



Our outsourced software development company has done a great job for us since last May when we gave them full responsibility for completing our APP. So far the new APP is working well with very good response time and showing information properly. It has a new look and feel that we believe will give a provide a great user experience. We still have a few bugs to fix but we should be able to start sales and marketing as soon as our internal testing is finished. We are planning to add new and exciting features in the near future. This is a milestone.



I will be putting out another update as our sales and marketing develops.



Aegis:



In June our investment bankers started the process of finding a strategic buyer for our Aegis division. As you know, it was never our intention to manufacture or market this technology. Our initial plan was to license this technology but through our due diligence working with companies in the industry, we realized that licensing would be much too complicated for this type of product. For this reason we felt that the best way to monetize Aegis is through a sale.



We are now in various levels of conversations with potential prospects. For obvious reasons I cannot get into any more detail at this time.



We are planning on a successful outcome for our Aegis sale which would give us the funds to aggressively market and sell our MyCadian/CURA products and become a well-financed company.



We have reduced our expenses considerably to where we now feel is manageable for the near future. Among other things we have relocated our offices to 350 Linden Oaks, which has substantially lowered our occupancy costs.



We are hopeful that some very good things will be occurring over the next six months and, as always, we appreciate your support and patience.







Thank you,



Richard A. Kaplan CEO