Friday, October 19, 2007 5:07:41 AM
Today I met in Moscow with the NNRF CFO Todd Sinclair and Vice President Peter Goerke.
One topic was to establish a better ongoing communication with the shareholders and I think by December this can be in place.
I will write more about the meeting in the weekend newsletter but wanted to let you know that the company received the technical request from E. ON, one of the world's leading energy companies, for FEECOM and BIECOM as was mentioned as expected in the September 20 press release and they are currently producing these bricks in Germany for installation in nuclear power plants.
Both of the corporate officers went to the acquisition candidates JSC Electroprivod and Velkont in Russia and met with senior management of those companies in their continuing refinement of the business plan.
The CFO was also reviewing the ATOLL financial statements and I personally think that it will not be too long before we see them.
NNRF company officials met in Germany with Dow Corning, the manufacturer of NuCap and Global Matrechs, Inc the licenses holder regarding the technical requirements and application of the product.
So you can see that there are many ongoing activities and progress is being made on many fronts.
More on Sunday, but I am pleased with the progress being made and am always happy to meet with them and we will meet again in December. This is a young company and the alliances they have made and partnerships formed are very impressive and will have very positive long term results. Meanwhile the ATOLL design and manufacturing continues as orders are filled and the new German production facility for FEECOM and BIECOM is the first of theirs outside of Russia and is currently in operation.
I am a consultant for NNRF, Inc and own personal shares
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