Kraig Biocraft Laboratories Inc (KBLB)

[Jakito]

Commercial Sales

Whilst today's news isn't quite the blockbuster PR we may have wanted, it's certainly a decent start on the road to commercialisation. We will need multiple partners in various areas across the world and this may well turn out to be a great starter deal, its ONLY for ASEAN countries, so fully expect partners to be announced for the potentially more lucrative parts of the world, (USA and EU especially)

Its still a bit vague and would have liked to see an update on production, but I do expect that delivery confirmations will follow shortly.

$32m over 4 years plus maybe another $8m, let's call it $10 million pa worth of silk sales, again - not a bad first deal, I would love to know what proportion of expected production this represents.

Expect newflow to pickup from now on and excited to hear further announcements over the next few weeks.

ATB