One World Products Inc (OWPC)

[sello]

Not much difference from the 10K. Still waiting for the processing equipment to be put into service. Management is saying that they will begin immediately once that happens and that they will initially be processing for 3rd party as well as themselves. That is when revenue starts. It sounds like the delay is on the manufacturer's end as the equipment is paid for. They are still anticipating delivery within the next 6 weeks, "2nd quarter", so we are close.

"Revenues decreased slightly as we began to shift our focus toward producing and selling oils."

I also like that they are funding with promissory and demand notes, $630k to date this year. That is management putting up their own money in non-convertible financing. Beats the heck out of toxic notes. Isiah is protecting that $3 million investment by preserving the structure while we wait for this equipment.

OWPC!

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