I sent an email to Mike Dodge on the FDA question. His written answer is below. I also spoke with him by phone and he said the FDA does not permit companies to discuss pending approvals, everyone knows that will move the stock. Its my view, if I had to flip a coin or choose, CE mark would create a better and quicker market. Because LTC connect is already in daily use in the Ukraine, it can move to Europe fairly easily and be accepted. Also, it seems to me the Europe market is more "progressive" and less subject to legal attacks. I don't think we will need to choose though, its apparent Don Robbins believes in a US approval, by his actions, he is showing us that. Don would not be building the US facilities if HE (who is an insider) did not believe in an FDA approval. Its just a matter of a little more time.
From: Joseph_Snyder_2005@yahoo.com
Sent: Tuesday, April 01, 2008 10:05 AM
To: Mike Dodge
Subject: shareholder question
Greetings,
I have about 20,000 shares and looking to buy more. Can you tell me the status of the FDA approval, for example is there any news or an estimated date for a decision?
thanks very much
Josep Snyder
"Mike Dodge" <MDodge@roiny.com> Add Mobile Alert
To: "Joseph_Snyder_2005@yahoo.com" <joseph_snyder_2005@yahoo.com>
Re FDA, all can say is that CSMG management is optimistic and they continue to work to get approved. The company does believe it can get the CE Mark approval for the LTC device during this first half of 2008, which would open up the European market- a substantial opportunity.
Don Robbins is very savvy , and as per recent press releases, it should be apparent he is building up management, staff and operations to reflect his positive outlook for LTC, and CTGI.
Don’t hesitate to be in touch.
Best regards.
Michael Dodge
ROI Group
212.495.0744
646.267.7461 cell
mdodge@roiny.com
