Exten Industries (fka BB: EXTI)

[Patricia_1]

Details of New Form 4 Filed By Szabo today.

This details his convertible note exchanged for shares.

http://www.sec.gov/Archives/edgar/data/811779/000109472203000004/xslF345X02/primary_doc.xml

There is no room for misinterpretation here. Table II is filled out to detail the derivatives portion of the transaction AND there is the following note in the Explanation of Responses section:


1. A convertable promissory note of principle and interest totalling $59,178 was exchanged for Exten Industries Common Stock,at $0.20 per share, totalling 304,589 shares. The loan was given to the Company and promissory note documents executed on August 3, 2001."

It is extremely encouraging to me (and I think it should be to all shareholders) that Exten's management team not only addresses shareholder concerns, but takes action to alleviate them. Too often we invest in companies that have a great product or technology, but have suspect or incompetent management. We are very fortunate that EXTI has both an incredibly promising technology AND a talented (and well-vested) management team at the helm.

Regards,

Rick

http://ragingbull.lycos.com/mboard/boards.cgi?board=EXTI&read=18316