Flexpower Inc. (FLXP)

[PayDirt!]

Home at last. Read the following on Town Hall, Again doesn't give a clear picture of anything.

08.23.07 Shell Companies
Posted in Investor Relations at 9:48 pm by Andrew Edwards

QUESTION:

Are the shell companies related to Minaco or other companies Esprit is dealing with?

RESPONSE:

The two OTCBB shells - HARBOUR I INC. and HARBOUR II INC.- were purchased in May, 2007. These are clean OTCBB certified shells that have no previous operations. They were originally acquired for use within our IFGX division (www.ifgx.com) for resale to new clients.We anticipate there may be a number of opportunities to sell these shells based on enquiries we are receiving from the Chinese market. Alternatively, Esprit may use one of them to uplist to the OTCBB. See Town Hall posting re: Pink Checkmark vs. OTCBB listing.

Pink Checkmark versus OTCBB listing
Posted in Investor Relations at 9:46 pm by Andrew Edwards

QUESTION:

You originally stated that you would be receiving Pink Checkmark status. This hasn’t happened yet? Is that still the plan, or will you use one of the OTCBB shells to uplist?

RESPONSE:

We had anticipated that we would be receiving our Pink Checkmark status based on the information submitted to the Pink Sheets, as reviewed by legal counsel. In discussions with the Pink Sheets in regards to this matter, it now appears that we will have to provide either a Form 15c2-11 or equivalent information to receive that status.This is an expensive undertaking that will require the significant management time and attention. Before we commit to this course, we want to consider the option of utilizing one of our OTCBB shells as an alternative.

The two OTCBB shells (HARBOUR I INC. and HARBOUR II INC.) are available, but these may also be needed for some of the potential clients that we continue to be introduced to in China, many of whom desire to go Public.

In either case, our first priority is to start generating revenue from at least one of the major projects under development. Although we are operating in the black, our objective is to substantially increase top-line revenue, and we believe that this is achievable within this calender year.

The reasoning is that we wish to keep as much capital available for new business development, and then fund uplisting or Pink CHeckmark status through positive cash flow from operations rather than from long-term debt or our existing cash on hand.